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AVC protection

Royal Mail pension news and discussion.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
Wullie10
EX ROYAL MAIL
Posts: 701
Joined: 30 Jul 2017, 12:07
Gender: Male
Location: Retired

AVC protection

Post by Wullie10 »

https://www.theguardian.com/money/2023/ ... SApp_Other

An interesting read. For people who chose to have their AVCs protected by "" safe investment "" towards the end of their terms. Government bonds are basically Government debt. And that debt is just going to get bigger as the years go by.
RobertT
EX ROYAL MAIL
Posts: 6647
Joined: 09 Sep 2007, 14:26
Gender: Male

Re: AVC protection

Post by RobertT »

There's nothing new there really.
The bond market crashed back in October after months of warnings that it would.

Many people will have re-thought the lifestyling approach to their pension savings as a result.
Links to all RM pension related websites are here
Wullie10
EX ROYAL MAIL
Posts: 701
Joined: 30 Jul 2017, 12:07
Gender: Male
Location: Retired

Re: AVC protection

Post by Wullie10 »

Dammed if you do and dammed if you don't. The article is just a dig at Liz Truss but plenty of politicians have screwed pensions.