Private Pensions lost 3/4 of their value since 97

[JagLover]

A typical saver who retired in 1997 who had invested £200 per month in a pension fund (for 20 years) could have expected an annual income (through an annuity) of £20,500.

A person with the same saving history who retired today would have an annual income of just £5,800.

This is not all Mr Browns fault, plunging stock markets and rising life expectancy have badly effected both pension funds and annuity rates.

But his decision to tax pension funds by £5bn a year has certainly not helped.

[JagLover]

anonymous said:

[redacted]

Oh yes I had forgotton to mention that point-Investing in government bonds might be relatively low risk, but correspondingly the returns are low.