40% of UK pension funds could be facing danger

Paul Wilcox, founder and Chairman of the WAY Group

Paul Wilcox, founder and Chairman of the WAY Group, comments in the Express on falling share prices and the impact on pensions:

Paul Wilcox, chairman of retirement planning experts The WAY Group, said: “Prolonged low interest rates and the highly volatile behaviour of the markets will eventually take their toll and, while the UK has one of the world’s best-protected company pension systems, any losses will naturally be devastating for individuals. It’s all well and good demanding auto-enrolment into corporate pension schemes for workers but those workers deserve to know that their money is safe and will help to provide a comfortable retirement.”

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