Wednesday, Sep 20, 2006

Where has all the money gone?

Guardian: Pensions plunge could sink happy retirements

Figures show that someone retiring with a personal pension could be up to 75% worse off than someone paying the same contributions each month but retiring 10 years ago.

Posted by uncle chris @ 11:06 AM (516 views)
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1. Retired Banker said...

500 per month for 20 years produces 120k plus investment growth,so I assume that the writer
meant 50 p.m.

Errors like this are all too prevalent in the print media. Why don't journalists check their figures?.

( O.K. I admit it, I have exchanged my business suits for anoraks which I wear with pride.)

Wednesday, September 20, 2006 02:14PM Report Comment

2. japanese uncle said...

Agree RB

Average standard of mathematical education (or arithmetic education more precisely) in the UK (and the US as well) is unbelievably lousy, even among the graduate level, though I must admit that there are some exceptionally gifted methmatical minds at the same time. This sort of error clearly illustrates that the writer is not in command of what he is up to at all. Shame on Phillip Inman boy!

Wednesday, September 20, 2006 10:31PM Report Comment

3. indiablue19 said...

RB and JU.....A comment in memory of the mayhem which resulted a while ago when an International Living writer, Steenie Harvey, announced that you could purchase a home in Ireland at an exchange rate of sixty-some dollar cents to the euro. We will never know what she was smoking that day. Worst of all, it took months for them to delete this gibberish from their website even when many had pointed out the faux pas.

Wednesday, September 20, 2006 11:20PM Report Comment

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