Pensioners to supplement CPI shortfall with investments

Around a third of people over 65 relied on their investments to boost their income over the past year, according to the asset maanger. The company claims that linking pension incomes to CPI will further reduce pension incomes, and propagate this trend among consumers. "The challenging economic environment has seen millions of Britons dipping into their savings to fill their income gap," says Robin Stoakley, managing director of Schroders UK Intermediary Business. "The amount of capital being drawn down suggests that it is not just rainy day funds that are being drained, but a signi...