Sunday, July 14, 2013

Busted

UK pension deficits would hit £450bn under Solvency II, EIOPA - See more at: http://www.theactuary.com/news/2013/07/uk-pension-deficits-would-hit-450bn-under-solvency-ii-eiopa-study-finds

Pension deficits at 15 thousand per worker, or 30 thousand per worker over the average salary. This is while asset prices are being supported. Although this figure seems pretty bad, particularly if you are going to be tapped for the money because you are a UK worker, the other figure must be worse. The other figure is the shortfall per pensioner... I do sometimes wonder that the boomers prior to retirement would willing vote in an expansion of the state, when their pensions come from the same (inadequate) spot. These liabilities go onto the state in the end. Smoke and mirrors and bankruptcy.

Posted by stillthinking @ 03:44 AM (4018 views)
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