Pete, You say "People already retired (my italics) who are on final salary schemes are big winners. Those on fixed incomes, or about to buy an annuity, are big losers".
I don't follow. Once past the point of retirement., those (who were) on final salary schemes are then on fixed incomes - although sometimes with modest below-inflation adjustment.
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Date: 2012-10-16 08:14 am (UTC)I don't follow. Once past the point of retirement., those (who were) on final salary schemes are then on fixed incomes - although sometimes with modest below-inflation adjustment.