
Adrian Boulding: "The mathematics is clear – if the pension has increases that are inflation-linked, or fixed increases of 2% or more, both of which are fairly common for DB, then gilts just do not keep up with the payments!"
Extreme investment caution is killing off final salary pensions, believes Adrian Boulding - and, within that, there is a stark message too for the defined contribution saver
The strange and bizarre world of final salary pensions continues to throw up surprises. Open a newspaper at the City pages and you would think the schemes were in real trouble. Talk of deficits abound....
To continue reading this article...
Join Professional Adviser
- Unlimited access to real-time news, industry insights and market intelligence.
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters.
- Make smart business decisions with the latest developments in regulation, investing retirement and protection.
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes.