Sunday, July 12, 2009

My House is my Pension, Remember?

Pensions experts predict 'horrific news' on funds

"Calls for the trustee system to be overhauled, as the retirement funds crisis deepens and Royal Mail mulls changes to its pensions scheme". "Over the next few months we are going to see some horrific news on pension funds," says Ros Altmann, a former pensions adviser to the Government. "Around half the pension funds out there have a three-year valuation cycle that ended in March 2009. Trustees will face some awful deficit challenges as the new valuations come to light."

Posted by alan @ 09:12 PM (1023 views)
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5 thoughts on “My House is my Pension, Remember?

  • stillthinking says:

    There seem to be some flaws in the idea of giving a lot of money to somebody else to look after.

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  • happy mondays says:

    There seems to be some need of ironing out & tweeking a few minor hickups within the whole financial system.. Just a few ! ask Bernie !

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  • Don’t worry, public sector pensions are still cushioned by the taxpayer.

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  • Of course the ‘news’ will be horrific. We’re just waiting for them to give out the numbers (or their version of them).

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  • Mr Plumbase says:

    Who’d have thought it! Britain, a nation of unproductive pen pushers and money shufflers can’t afford to pay decent pensions anymore, whatever next.

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