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Solution to pension crisis

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    Solution to pension crisis

    Pensioners to be insured against stock market falls

    "Workers will be able to protect their pensions by insuring savings against stock market falls under plans being drawn up by ministers.

    Steve Webb, the pensions minister, said he wanted to give people “certainty” that they would get a guaranteed income when they retired.

    Millions of savers have seen the value of their workplace pensions fall because of stock market turmoil and the Bank of England’s policy of printing money to stimulate the economy.

    Ministers fear that unless they can guarantee that pensioners’ money is safe, they will be deterred from saving. The average Briton saves almost £300 a month in a workplace pension, comprising both personal and employer contributions as well as tax relief from the Government.

    Experts propose that workers pay a levy on contributions of 0.75 per cent, about £30 a year on average.

    The policy, provided by private insurance companies, would guarantee savers that their pension pot on retirement is worth at least the combined value of their contributions, their employers’ contributions and the tax relief they have received over their working lives. "

    Source: Pensioners to be insured against stock market falls - Telegraph



    Who voted for these cretins?

    Oh wait I did

    So there you have it - a guarantee that stock market falls won't affect you for £30 a year on average.

    If it was really true then the Govt itself could have bought this insurance for £1 bln pear year covering 30 mln people

    #2
    If pensioners want certainty then invest in bonds or property.

    Comment


      #3
      And these pensions are going to be hedged where? The derivatives market?
      ...my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...

      Comment


        #4
        Is this the final solution?

        Comment


          #5
          UKIP

          Comment


            #6
            I have an idea, why don't we give it a name?

            Its going to be across the country,
            Its going to insure people's benefits are paid
            Everyone working will be forced to contribute.

            How about :

            National Insurance Contributions.

            oh darn its already been used.

            Muppets. If the people running the pension schemes can't make it pay as much as was put in with tax free contributions, long period invested and guaranteed payments they should lose their licence.

            Fix the problem not the symptom.
            Always forgive your enemies; nothing annoys them so much.

            Comment


              #7
              Originally posted by vetran View Post
              Fix the problem not the symptom.
              Their problem is that people live longer and inflation gets higher

              Comment


                #8
                Originally posted by AtW View Post
                Their problem is that people live longer
                How are we going to fix that?

                Comment


                  #9
                  Originally posted by BrilloPad View Post
                  How are we going to fix that?
                  NHS

                  Comment


                    #10
                    Originally posted by DimPrawn View Post
                    NHS

                    I think this is part of the "problem". If you are not badly hurt the NHS will prioritize your issue.

                    If you are badly hurt you will be keep alive at any expense.

                    And I don't believe a word of this Hospitals 'letting patients die to save money’ - Telegraph

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