These people really are lying toads aren’t they?

The real value of pension pots held by British savers had shrunk by 0.7 per cent a year on average since the turn of the millennium. At that rate, £100,000 invested in 2000 would buy just £90,634 worth of goods and services today – a loss of just under 10 per cent of the value.

In Denmark, average annual returns were 4.8 per cent after inflation, although that did not include the impact of tax, Better Finance said.

The UK number is after income tax paid on the income from the pension. The Danish number is not.

Do we have lying toads here or do we have lying toads?

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