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Moreover, a lump sum awarded by a court cannot be invested so as to provide a secure inflation-protected income for life.
At that point, they could pull out all their money and use it to produce a stream of secure, inflation-protected retirement income — perhaps in an annuity or a portfolio of Treasury inflation-protected securities.
"For some, the secure inflation-linked income will be attractive," he said.
Good inflation?
Also good inflation and bad inflation.
When growth looks secure and inflation is roaring ahead, China appreciates.
The trouble with big bangs is that they are sometimes followed by other explosions; and the Chancellor is worried that the creation of a new, all-powerful European Central Bank, unaccountable to national parliaments and backed by a common monetary policy, will not secure the inflation free zone which everyone wants.
A combination of almost certain failure by the BBC to secure an inflation-busting licence fee settlement, the growth of independent production and technological change rendering large studios redundant, could lead to the building being sold.
At least, it cannot do so without wrecking the pay agreement Mr McCreevy's expansionary budget was designed to secure, stoking up inflation and putting Mr Duisenberg into another steaming Irish stew.
Ernst & Young said in a Sept. 14 report that India's changes will "improve the supply chain infrastructure, regulate food inflation, secure remunerative prices for farmers and generate employment opportunities".
Mr Thompson announced his first restructure in May 2005, saying he wanted to create a "smaller and simpler" BBC in advance of his bid to secure an above-inflation increase in the licence fee.
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