Fisher Capital Management Warning: Standard Life issues inflation warning
http://www.
whatinvestment.
co.
uk/pensions/annuities/1630438/standard-life-issuesinflation-warning.
thtml
Joe McGrath, 14 June 2011
Investors buying a level annuity with a pension...
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Fisher Capital Management Warning: Standard Life issues inflation warning
http://www.
whatinvestment.
co.
uk/pensions/annuities/1630438/standard-life-issuesinflation-warning.
thtml
Joe McGrath, 14 June 2011
Investors buying a level annuity with a pension pot of £80,000 will spend their
entire monthly income on basic living costs within seven years of retirement,
according to new statistics.
Standard Life researchers have warned that many people could see their retirement
income consumed by the basic costs of living as the effect of inflation eats into the
money they set aside for retirement.
The FTSE 100 company’s retirement team today warned that investors to take financial
advice or risk losing out from inflation restricting living standards in the future.
John Lawson, head of pensions policy at Standard Life, said the cost of living is rising
fast for most people in the UK, but this can be particularly acute for pensioners.
He explained, ‘Their spending habits are driven by comm
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