Continued Quantiative Easing is ‘robbing’ pensioners of their savings, according to Dr Ros Altmann of the Saga Group. According to Altman, QE is reducing the value of pensions and causing ‘dreadful damage’:
“QE is causing dreadful damage to pensions, pensioners and annuities and the impact is long-lasting,” she stated.
It was suggested the practice is resulting in many pensioners being left “permanently poorer” and “bitterly disappointed with their situation”.
