Sunday, July 12, 2009
My House is my Pension, Remember?
"Calls for the trustee system to be overhauled, as the retirement funds crisis deepens and Royal Mail mulls changes to its pensions scheme". "Over the next few months we are going to see some horrific news on pension funds," says Ros Altmann, a former pensions adviser to the Government. "Around half the pension funds out there have a three-year valuation cycle that ended in March 2009. Trustees will face some awful deficit challenges as the new valuations come to light."