Sunday, December 21, 2008

World Socialists article discussing the UK’s brushed under the carpet Pension Crisis

Britain: Financial crisis threatens pensions and retirement plans

A little discussed aspect of the global financial crisis is the devastating impact it is having on pensions. This is particularly acute in Britain. State provision is poor and successive governments have forced workers to rely on occupational pensions, on which half of all British workers depend, private pensions and annuities, and the value of their homes to finance their retirement.

Posted by enuii @ 05:08 PM (889 views)
Please complete the required fields.



3 thoughts on “World Socialists article discussing the UK’s brushed under the carpet Pension Crisis

  • Nice post, thanks.

    There are a great many flaws in the pension system, too many for me to begin listing here.

    Reply
    Please complete the required fields.



  • Strange it doesn’t mention that when Zanulabour came to power the British pension system was the envy of the world and the main concern was that we would have to pool our pensions with the rest of Europe if opted for closer financial integration.
    Failure of state regulation of the pension industry (as shown by the Equitable Life Ponzi Scheme) and a widespread expectation that Gordon Brown would steal private pensions made people look at BTL investments to finance their retirement.

    Reply
    Please complete the required fields.



  • This crash has been In the making for many more years than one is expected to believe.

    That’s my quota for today!

    Reply
    Please complete the required fields.



Add a comment

  • Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
  • Please note that any viewpoints published here as comments are user´s views and not the views of HousePriceCrash.co.uk.
  • Please adhere to the Guidelines

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>