Pensioners to be insured against stock market falls
James HallSteve Webb, the pensions minister, said he wanted to give people “certainty” that they would get a guaranteed income when they retired.
Millions of savers have seen the value of their workplace pensions fall because of stock market turmoil and the Bank of England’s policy of printing money to stimulate the economy.
Ministers fear that unless they can guarantee that pensioners’ money is safe, they will be deterred from saving. The average Briton saves almost £300 a month in a workplace pension, comprising both personal and employer contributions as well as tax relief from the Government.
Pour citer cette ressource :
"Pensioners to be insured against stock market falls", La Clé des Langues [en ligne], Lyon, ENS de LYON/DGESCO (ISSN 2107-7029), septembre 2012. Consulté le 28/02/2024. URL: https://cle.ens-lyon.fr/anglais/archives/archives-revue-de-presse/pensioners-to-be-insured-against-stock-market-falls