Wednesday, June 20, 2012

EU Wants OAPs To Be Even Poorer In Retirement.

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.
DOES THE EU EVER STOP MEDDLING?
Read more: http://www.dailymail.co.uk/money/pensions/article-2160936/Millions-values-pensions-slashed-20-new-EU-rules-send-annuities-plummeting.html#ixzz1yITw6dOS
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