Home » Business » In Europe, retirees drawn on to compensate for low rates In Europe, retirees drawn on to compensate for low rates August 15, 2020 by world today news DECRYPTION – The taboo of taxing savers is gradually crumbling. In France, the question is raised in banking circles. –The Bank of Ireland will charge a rate of 0.65% on pension fund deposits. WavebreakMediaMicro – stock.adobe.com Stupor in Ireland, where retirees do not seem to be able to enjoy a little respite in this summer obscured by the health and economic crisis. The bad news fell at the end of July: retirement savings deposits at the Bank of Ireland, a private establishment, will be drawn on next September to offset negative rates. Penalized for many months by the low interest rate policy of the European Central Bank (ECB), the country’s largest commercial bank believes that it is “more viable to hold such large funds at no cost». «Is it fair that average pensions can be cut because of a tariff decision by the banks?»One wonders in the Irish media. In the country of Clover, this decision raises serious concerns: will other banking establishments follow suit? “The prudent, who took the trouble to provide for their retirement find themselves punished», Denounces The Independant This article is for subscribers only. You have 89% left to discover. Subscribe: 1 € for 2 months Cancellable at any time —– Related posts:Lancia Delta "New never used": the dream of 1991 at zero kmFireworks in campaign: Baudet runs away from Jinek, Wilders calls Rutte 'scared weasel'The Decline of Twitter's Advertising Revenue Under Elon Musk's LeadershipExpectations of OPEC + provide cuts proceed to support oil costsShare this:FacebookX Related Christine Morency expresses her thoughts on the closure of Addition Elle stores and it’s just perfect! EA Play was born from the merger of EA Access and Origin Access – Nerd4.life Leave a Comment Cancel replyCommentName Email Website Save my name, email, and website in this browser for the next time I comment. Δ This site uses Akismet to reduce spam. Learn how your comment data is processed.