ROB COOPER
UK Daily Mail
June 19, 2012
Millions of people could see the value of their pensions slashed by up to 20 per cent because of new EU rules.
Those with a £100,000 pension fund could be more than £1,100 per year worse off in retirement because of the reforms, research has shown.
The Solvency II rules, which are due to come into effect in January 2014, will force pension funds to hold a higher proportion of ‘safe’ Government bonds.
As the bonds – called gilts – have such low rates of return it will drive down the returns on retirement fund annuities, which are used to pension income.
The reforms are designed to make pension funds safer and reduce the risk of them going bust.
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Just imagine being forced to hold crap, shit government bonds in your retirement portfolio, whether you like it or not. These people that want to stay in the euro prison are nuts out of their minds.
The Euro is not the problem, the problem are very corrupt politicians and extremely corrupt bankers. The fact is regardless of what people do, say or cry about. The Euro is going nowhere. It will remain till a major currency, because the bankers need it to swap around. Europe will not collapse because it can’t the bankers live there and the USA will be a dead horse giving the putrid incestuous financial prosmiscuity Hope won’t help you. Store food, ammo, buy a 4X4,make friends with your neighbors and every agreeable person.Get some hens for eggs, some goats for meat and milk as they need very little food and practically eat anything. Prepare for the worst.
yet more Nazi Union bs what they are hoping for is people will be oblivious to precious metals like
Gold Silver …