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.

Read the full article.