Interest rates are falling and at an all time lowSome people are so desperate for money to pay bills or mortgages they sell golditems for cash.Evidence of recession is all around every shopping centre.Some shops are having clearances and some even closing altogether because they are making a loss.All this gloomy economic news has an effect on pensionsand presents a big problem for retirement income . When interest rates are low you need a larger and larger lump sum for investment... continue reading
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I normally wouldn't write two blogs in the same month but today the UK Government announced unprecedented cuts in spending. Riots have been going on this week in France about advancing the pension age and quite recently in Greece riots occurred because of austerity measures.I had been trying to anticipate this situation and creating images to illustrate the situation now taking place.I will give a few examples.Among the measures announced to cut borrowing the pension age will increase.... continue reading
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