09
Feb
2012
http://www.telegraph.co.uk/finance/personalfinance/pensions/9072101/Retirement-i…
In Simple more debt being created to buy an IOU they made earlier. Dropping the value of their IOU notes. All big pensions companies hold the IOU’s. now they worth less. This means less money for all those people.
Retirement income to fall as Bank of England embarks on another round of Quantitative Easing – Teleg
www.telegraph.co.uk
The purchase of £50bn worth of gilts will cause annuity rates to fall to new lows.
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