Posted Fri, 27/02/2009 - 17:45 by admin
Pensions News - Friday 27th February 2009
What is the future for the state pension? |
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Friday 27th February 2009
As money becomes ever tighter in the UK more and more people are looking towards their retirement and wondering if they will have sufficient income to maintain their current lifestyle. There is creeping concern regarding the state pension which has been falling in value in real terms for some time. So will you be able to depend upon the state pension to survive in your retirement? Many pensions experts believe there is something of a pensions time-bomb waiting to go off in Europe as more and more countries see their budgets stretched to the limit. There has been an ongoing programme by European countries to "encourage" individuals to look towards private pension top-ups as it looks likely that the state pension which will continue to fall in value in real terms into the future. As populations grow in Europe there is a feeling that collective EU members will be forced to bail out weaker countries who are struggling to support their own state pensions, with Italy for example seen to have one of the largest pension funding problems going forward. Therefore it is vital that you look towards your own pension arrangements as soon as possible and take professional advice to ensure you are able to provide for yourself in the future.
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Pensions
by Anonymous - 8 Mar 2010 - 06:25
The UK is heading toward a disaster. We already have the worst pensions in the Industrial world, and as the population of the UK ages, the wealthier pensioners will retire overseas (well why not, better climate, UK rising violent crime; high cost of living; failing NHS, not much to stay for) and only the poorest pensioners will be stuck in the UK. Our crooked politicians have all lined their pockets, they will be in receipt of lump sums and generous indexed pensions, they will then follow the likes of Bliar and move overseas. In other words, they have created a hell hole, they will tell the public something different, but it is not good enough for MPs (their children are usually privately educated, despite trying to con a gullible public into accepting the poor state schools) to live in. The politicial class has ruined this country. Brown and Cameron have a huge problem with their MPs that they either ignore, or cant do anything about. Most MPs are quietly planning their exits. I would guess very little time is being devoted to fixing the UK. Rather, how to dispose of their taxpayer purchased assets and avoid tax, where to retire to (actually run away to), how much they can get in an increase before leaving (they are on final salary pensions, so any increase in salary translates into increased pensions). Frankly, to quote Brown, we are rewarding failure. Unfortuneatly, this failure is going to impact this country, especially pensioners for many years to come. Not the inept MPs though. They wont be here. They will be soaking up the sun and living on unearned pensions. Pity really, this used to be a terrific country. We need a revolution.
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