Coming to a Private Pension near you..

[Funky_Gibbon]

It looks like the government doesn't just have its eyes on Public Sector pensions, they want to cut private pension schemes as well.

 

http://news.bbc.co.uk/1/hi/business/10557675.stm

[Longcol]

It looks like the government doesn't just have its eyes on Public Sector pensions, they want to cut private pension schemes as well.

 

http://news.bbc.co.uk/1/hi/business/10557675.stm

 

I can obviously see that they have to do something about state pensions which are met from current spending.

 

This just smacks of letting their pals in the boardrooms minimise their liabilities. God help those of us with personal pensions - we'll probably end up paying the pension company!

[TeaFan]

I hope some of those people who are swallowing the demonising of public sector workers are reading this. The Tories are out to impoverish all of us, to keep the rich rich. I'd support any private sector workers who fought to keep their pensions as they are.

[HeadingNorth]

I hope some of those people who are swallowing the demonising of public sector workers are reading this.

 

 

If they are reading it properly, they will know that this is an attempt to keep final-salary schemes open, instead of them having to shut down altogether. That is not the action of a group who are attacking pensions!

[Vague_Boy]

It looks like the government doesn't just have its eyes on Public Sector pensions, they want to cut private pension schemes as well.

 

As opposed to raiding private pensions, as Gordon Brown did:

 

Brown's raid on pensions costs Britain £100 billion

 

Gordon Brown's notorious "pension stealth tax" has reduced the value of retirement funds by at least £100 billion, independent research has disclosed.

 

This is more than twice as much as the combined pension deficits of the country's 350 biggest companies.

 

 

Brown knew cost of pension fund raid

 

The Chancellor's raid on funds is widely blamed for creating the crisis which has left huge shortfalls in pension pots and forced hundreds of firms to wind up their final salary schemes.

 

Thank you Prudence McRuin, one of many nails you've hammered into the fiscal coffin of UK PLC.

[Wildcat]

As opposed to raiding private pensions, as Gordon Brown did:

 

Brown's raid on pensions costs Britain £100 billion

 

Brown knew cost of pension fund raid

 

Thank you Prudence McRuin, one of many nails you've hammered into the fiscal coffin of UK PLC.

 

Not that those changes made much difference because employers thought their schemes so healthy they were taking holidays at the time. The real responsibility for the private sector pension crisis rests with pension fund managers that mismanaged the investments and with employers for not making their contributions,

[Wildcat]

If they are reading it properly, they will know that this is an attempt to keep final-salary schemes open, instead of them having to shut down altogether. That is not the action of a group who are attacking pensions!

 

Who cares if it is final salary of average salary? it really makes very little difference what matters is the return received and in this case there is a clear detriment, that is after all the idea behind what they are doing!

[ratrace]

It looks like the government doesn't just have its eyes on Public Sector pensions, they want to cut private pension schemes as well.

 

http://news.bbc.co.uk/1/hi/business/10557675.stm

 

 

 

Yes, this announcement seems to have gone almost completely underneath most peoples radar, what with the Michael Gove fiasco:suspect:. It seems that the Con Libs atleast are not discriminating when they are attacking public sector pensions, they are determined it seems to impoverish us all, private sector too when we retire.

Reducing the amount that companies will have to pay into pensions is what it's all about to keep their wealthy mates in the boardrooms onside.