23/04/2020 (Agence Europe) – The AGE Europe Platform, BETTER FINANCE and the CFA Institute called on Thursday 23 April for measures to protect pensions and savings from the financial repression that is looming as a result of the government and central bank policies being considered in response to the COVID-19 pandemic. In a press release, the three organisations are of the opinion that as with the 2008 financial crisis, it is middle-class savers and investors who are once again at risk of “disproportionately paying the price once again”. In particular, they want to warn of the pressure on mandatory public pension systems and the impact of the collapse of global and European equity markets on pension products. Real pension returns will plummet this year, they are warning, and are unlikely to improve in the future due to financial repression and, no doubt, to rising inflation. (MF)