I was disappointed but not surprised to read the following article http://www.bbc.co.uk/news/business-20720383 I think there is a real risk of the UK losing its triple A rating from the credit reference agencies. Our high Government Budget deficits are simply too big and there is little on the horizon to believe that they will significantly shrink. If the UK does lose it’s rating the insurance industry which has to own significant amounts of triple A rated bonds under FSA regulations will find they will have to sell many of their gilts. Borrowing costs will rise and pension funds will take a hit, especially if you are near to retirement. If you are worried about the potential adverse impact on your pension you can take advantage of our free initial appointment from one of our independent financial advisors.
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