Savers who can not inflation-proof their wealth using conventional savings accounts may need to look elsewhere and take on more risk for greater returns.
While such investments may appear to be inflation-proof on paper, none of these investment vehicles have the solid intrinsic value of gold, silver or any of the other precious metals.
They're only really suitable for people in their mid 70s or older, because with many of these products you're locked into a fixed income that is not inflation-proof.
Under the "defined benefit" schemes, members receive a guaranteed, inflation-proof proportion of their wage, regardless of how well their investments perform on the stock market.