I’m a pensions expert – what a plummeting pound means for your savings

A PLUMMETING pound means pain for many – including pension savers.

Sterling hit $1.03 against the dollar on Monday, the lowest level since decimalisation in 1971.

A weak pound means if you’re jetting off on holiday, you might find your spending money doesn’t stretch as far.

And in the immediate term the price of goods, like beer and iPhones are likely to rise.