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Posts Tagged ‘pension funds’

British flagFrom the April 29, 2013 CBC article, Neil Macdonald: The ‘monarchs of money’ and the war on savers, there is this surprising claim:

There is more money in British pension funds than in the rest of Europe combined, and now that money is just sitting, “dead,” as some call it, not working for its owners.

Surprising, since the rest of Europe is a huge entity, even considering Germany, France and Italy.

I like the way book authors are supposed to cite their sources but not, apparently, Canada’s public broadcaster, as I would like to see the source for this claim, since it is quite significant, illustrating a major cultural difference, if true.

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