Economy weaker than forecast due to a decline in services
Nigel Sillis looks at how UK pension schemes could fare in a market environment with negative yields and interest rates.
Self-administered pension funds spent £15bn on payments to pensioners in Q4 2018, but received just £12bn in contributions (net of refunds), Office for National Statistics (ONS) data reveals.
The retail prices index (RPI) should be reformed within the next decade but the full ramifications must be properly considered, according to the UK's statistics chief.