The secret salvation of retirement provision | EUROtoday

Get real time updates directly on you device, subscribe now.

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.