Professional Pensions (August 20)
“If we want our savers to make informed choices, we need to get them to understand the products and devices we’re using to help them save for when they aren’t working any more. That’s because they are going to have to make decisions (even if we created a limited choice framework), so we need to start using clear language now and getting used to it.” We must jettison the jargon. Those in the pensions world should no longer “languish in the luxury of our familiar phraseology understood only by cosy insiders.” It is time “to get into” their “hearts and minds and use the language of our saving community who need to know at all times what we’re talking about.”
Tags: Clear language, Decisions, Devices, Familiar, Hearts, Informed choices, Insiders, Jargon, Jettison, Minds, Pensions, Phraseology, Products, Save, Savers
Financial Times (June 7)
“Given today’s high level of public sector debt and worsening demographics, it is inevitable that governments will resort to soft forms of default, including inflation, to escape from their fiscal straitjacket. This is a world in which elderly savers will be condemned to subsidise borrowers for a long time.”
Tags: Borrowers, Debt, Default, Demographics, Elderly, Governments, Inevitable, Inflation, Public sector, Savers
