Professor Iain Clacher comments on bank staff pension value plunge
On 25 February, Professor Iain Clacher was quoted in a Daily Mail article addressing the value of bank staff pensions dropping by more than £65bn.
The article suggests that this drop comes as a result of rising interest rates and the fall-out from last autumn's mini-Budget decimating assets.
Professor Iain Clacher comments on the news, warning that:
There are now fewer assets from which to pay pensions.
