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Volatility puts pensions at risk
Savers approaching retirement are at risk of losing “substantial pension income”, because of their exposure to falling equity markets and rising inflation, providers warned this week.
As stock market volatility intensified – with the FTSE 100 index falling 4.5 per cent on Thursday and ending the week 16.74 per cent down on its July 7 level – advice firm Annuity Direct said some investors are in danger of losing almost a quarter of their retirement income if they remain invested in equity funds.
Author - Matthew Vincent FT.com
View the full article - http://www.ft.com/cms/s/2/3c407bf2-ca40-11e0-a0dc-00144feabdc0.html#ixzz1Vl0DQq7i
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