Belmont Thornton Logo
PPI Claims - About PPI

PPI Claim News

Loan Claims: Inflation rates eroding UK pensions

The on-going high rates of inflation are eroding the value of UK pensions, it has been claimed.

Dr Ros Altmann, director general at the Saga Group, expressed her belief that high inflation and low interest rates are having a negative effect on pension pots across the UK.

"Their [Pensioners'] savings are being eroded in real terms by ultra low interest rates which are lower than inflation," she said.

"Pensioners with defined contribution pensions have mostly bought level annuities, so their private pension is being eroded year-on-year."

The latest quarterly Real Retirement Report from financial services firm Aviva found that over 55s are increasingly concerned about the rising cost of living.

Just under three quarters (74 per cent) of respondents cited the rising cost of living as their biggest fear over the next six months, with 70 per cent admitted that this was their biggest worry over the next five years.

Posted by John Fieldman

Having worked in the city for 19 years, John's main focus is interest rates and corporate finance ADNFCR-2776-ID-800285781-ADNFCR

Bookmark and Share
Tell a Friend
blog comments powered by Disqus

Enquiry Form

First Name 
Last Name 
Mobile Phone
Home Phone
Address Line 1 
Post Code 
Claim Back Mis-Sold PPI Button

Belmont Thornton Limited is regulated by the Claims Management Regulator in respect of regulated claims management activities; our registration is recorded on the website number 18273

Belmont Thornton Limited is incorporated in England and Wales, Company number 6621233, whose head office at Unit B11, Kestrel Court, Harbour Road, Portishead, Bristol, BS20 7AN and registered office at Harwood House, 43 Harwood Road, London, SW6 4QP.

Belmont Thornton Limited is registered with the Information Commissioners Office. Registration number Z1728023.

Please note that calls may be monitored for the purposes of staff training.

* Belmont Thornton operates on a "No Win No Fee" basis. This means that there are no upfront costs to pay. Our fee only becomes payable on a successful outcome of a claim. A cancellation fee is payable if you decide that having instructed Belmont Thornton to act on your behalf, and after 14 days of signing your Letter of Authority, you do not wish to continue pursuing your claim with us. The cancellation fee is the reasonable costs incurred for the work undertaken. Please see our terms of engagement.

By using our web-site, you agree that we can place the types of cookies described in our privacy policy on your device.Hide