Wednesday, May 20, 2009

Playing the Stockmarkets with Pensions

Millions face "impoverished old age" - Telegraph

'Essentially the entire UK pensions system has been based on a bet that equities would always do well enough over the long-term to deliver reliably good pensions.

'The old idea that stock markets can always be relied on to deliver strong returns has left millions facing an impoverished old age.'

So were the wise ones the ones who spent money as it came in?

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