British Lord Proposes "Fix" To Pension Crisis: Work Until 70 To Get More Money
In a world of increasingly more negative interest rates, one group is impacted more than most: pensioners who had relied on fixed income to fund their retirement years who are slowly discovering that as pension funds are unable to meet their annual 6-7% return target, that the pensions promised to them will never materialize, or worse be haircut by 50%, 60% or more.