The secret salvation of retirement provision | EUROtoday

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For years, pension providers have pleaded with ECB President Christine Lagarde and her predecessors to raise interest rates.  Then things went a little too fast for them.

After the existence-threatening part of zero rates of interest, pension funds and life insurers had to deal with the fast rise in rates of interest. A trick helped stop imbalances.

https://www.faz.net/aktuell/finanzen/die-heimliche-rettung-der-altersvorsorge-19556635.html