The Pensions Debt 'Time Bomb' even greater and nothing to do with BREXIT!!
As we begin to come to terms with the reality of a world growing unprecedented amounts of debt, it is now becoming clearer that even greater liabilities are looming beneath the surface. Thousands of pensions schemes are now disclosing substantial amounts of underfunding. The amount of pension schemes now disclosing liabilities exceeding assets is at an alarming level. The consequences for millions of ordinary people will be severe and this is a calamity that has been building for years that has absolutely nothing to do with Brexit. Bill Gross - regarded as the 'Bond King' and one of the most expereinced fund managers in the world has said that the current negative interest rate policy will lead to a huge implosion on bond assets, that are traditionally regarded as the strength within a pension scheme.
People everywhere are going to need to reassess their dreams and goals for the future - because, with world growth contraction continuing unabated, there are going to be some serious dissappointments looming ahead. In a large number of cases, people expectations for future income will need to be seriously readjusted to REALITY as the ILLUSION bursts.