Cue many pages of people arguing thereby distracting from the fact that both public and private sector workers have been shafted plenty over the years and will continue to be shafted. Unless you are a High Net Worth Individual in which case changes to pensions in 2005 took a couple of billion extra out the tax pot and into your pensions. Divide and conquer - oldest trick in the book.
bunch of ungrateful wankers. As it is with these reforms they still have better pensions than most in the private sector. People atm want everything for nothing and are unwilling to make comprimises.
Cue many pages of people arguing thereby distracting from the fact that both public and private sector workers have been shafted plenty over the years and will continue to be shafted. Unless you are a High Net Worth Individual in which case changes to pensions in 2005 took a couple of billion extra out the tax pot and into your pensions. Divide and conquer - oldest trick in the book.
There goes the voice of reason, a clearly succinct and well thought out response - you sir are a moron![/QUOTE]
So name calling is clearly a well thought out response?
bunch of ungrateful wankers. As it is with these reforms they still have better pensions than most in the private sector. People atm want everything for nothing and are unwilling to make comprimises.
Er, no it didnt. I work in the pension industry. The A-day rule changes attempt to catch the top-enders with massive taxation on benefits, and further rules have since come in to prevent abuse of rules by this same group including further reductions in tax relief for earners over £100k. Of course footbalers and the like have since looked to dodgy Jersey type schemes to use offshore rules to get round these new curbs. This shouldnt have been possible as good old Gordon threatened the offshore havens with the wrath of god if they didnt pack it in. So far nothing has been done, so once again the same group get away with it and I have to get clients to complete even more pointless paperwork that only affects 0.1% of the populaton lucky enough to have the sort of pension funds you are thinking of.
As for the Public Sector. They have got to wake up - the current pension schemes are unaffordbale and have been for the last 30 years. Successive governments have known this and burried it. Blair got conviction politican Frank Field to come up with a solution. When he got the answers, Field was sidelined and recomendations ignored. This is an unfortunate place we are now in. Unions know the truth but they will fight it as that is their job. The pensions as they stand are unaffordable - do not beleive a word of the unions and the vodoo economics they troll out on TV. The defined benefit schemes do not work with the rising mortality rates and the type of inflation linked incomes they provide are unsupportable in low inflation/low interest rate economies ( which we have had in the last 15 odd years ) and the low funding rate they receive from members ( in real terms ). The maths dont add up, so successive governments have hidden the real future libailities off of the national debt figs as they have got bigger and bigger each year. This has to stop, and at last a government has got the bottle to do it. I just hope they see it through.