Half a million UK retirement plans shattered overnight as pensions plunge

March 3rd, 2012

FAKE NEWS for the Zionist agenda

Sylvia Morris
Mail Online
March 2, 2012

Hundreds of thousands of savers have had their retirement hopes dashed by the banking crisis and a crash in payouts on with-profits pensions.

Those reaching pension age now are getting £4,975 less a year than an identical saver who retired five years ago, Money Mail research has revealed.

They have been hit by a toxic combination of plunging payouts on with-profits pensions, and a fall in annuity rates — which turn pension savings into an income for life.

The worst-performing fund, Britannic, has delivered a payout of £73,612 for someone who has saved £200 a month for 20 years. This buys an annual income of just £3,861 for a 65-year-old man retiring today.

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7 Responses to “Half a million UK retirement plans shattered overnight as pensions plunge”

If you are in any kind of long term savings plan and don’t have protection against downside market loss, you might consider looking for one that does.
Welcome to the new economy. Sure saw this coming…soon to be in America. I already lost my ass but I feel bad for my family who are nearing retirement and have pensions invested in large anonymous Wall Street funds…
just read new york borrows from it’s pension to then fund it’s pension.
Coming soon to America.
That’s really sad…. and bad…

I gotta get outta here! Good thing I’m a dual citizen
- Where is a good place to go? Mexico and Canada are not an option IMO.
  - ANYWHERE SOUTH OF THE EQUATOR WILL DO FINE…..FOR A FEW DECADES AT LEAST UNTIL THE NWO TURN ON THEM TOO.