Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

I agree with you Tanker.

Workers paying into defined contribution schemes are lambs to the slaughter, you pays your money and the chaps from the city grow fat.

And now they are trying to kill final salary schemes.

Looks like the choice is either work for the gov, or go to the black economy cos no one is looking out for the average worker anymore.

If pensions were simply about how much someone contributes, she might have had a valid point. At up to 13.75pc of salary, currently £9,039, MPs’ pension contributions are amongst the highest, whether compared with private or other public sector schemes. What she did not mention was that the Exchequer’s equivalent of an employer’s contribution is now running at a colossal 28.7pc of salary for each MP.


In return for saving this money, MPs accrue 1/40th of salary per year of service. This means that if they were to retire tomorrow, they would receive an annual pension, linked to CPI (consumer prices index), of £1,643, based on that year’s contribution alone. To put this into some kind of perspective, it would cost a healthy man retiring at 65 about £45,000 to buy an annuity that would provide a similar pension.

PM's pension is probably pretty paltry at the basic level, as his salary is also pretty pathetic relative to his responsibilities .... however, his "add-ons" from various sources will of course be significant, even if it's not relevant

i'ld guess a cabinet minister's pension is no different from that of an ordinary MP, as effectively that is all he is, other than for his 5 minutes in the limelight

and surely, an MP is not much more than ordinary bod who happens to spend part of his life in politics and parliament

maxk . the private sector is not worth working for .

if you do not work for the public sector its BAD luck

tell your children not to put good money in to a pension


as I have said many times a switch my cash to my children no tax
I lose at the racing they are very very lucky .I lose 20k they win 20k
my choice of horse is bad they back winners
the irish have been doing it for 100 years

Well you Tories voted I D SMITH in.

You now look like you will know whats hitting and facing genuine disabled and sick people in this country.

The mans a menace who doesnt give a toss as long as he and his wife betsy protect her millions.

Facing a £425 million pound write off on Universal Credit aswel through him.

He should be kicked out of government.

And yes Im going to suffer aswel.

TANKER is right, pensions are not good and open to raids by cash strapped governments. ISA's and cash ISA's are the way to go and have been for many years, but discipline is required.
2517

Iain Duncan Smith's second epiphany: from compassion to brutality
I've seen his benefit sanctions inflict misery on places like Easterhouse, where poverty made him weep a decade ago

Follow Polly Toynbee

The Guardian, Friday 8 November 2013

http://www.theguardian.com/commentisfree/2013/nov/08/duncan-smith-poverty-benefit-sanctions-easterhouse

For cynic,

I am glad we don't have any secrets.

2517 thank you .
but waiting for a certain poster lets see if he agrees

Wheres hays ?.

Widows could lose their historic right to a pension under plans to halt the ‘terminal decline’ of final salary schemes.

Private sector bosses currently have to make payments to a retired worker’s surviving spouse, typically worth at least half their full pension.

But that obligation would end under proposals from the Department for Work and Pensions.


the people making the decisions on gold plated pensions sticking the knife in to the private sector workers .
you could not make this up
a dam disgrace

out of curiosity, do any of you guys trust pension funds with your money?
i've taken all mine out of their sticky and useless hands and put my pot primarily into bricks and mortar, with any spare cash generated from the rentals to be put into SIPP shares of my choosing

PRIVATE sector workers to pay for immigrants pensions
this is why retirement age to rise to 70 to be announced after the next election
and make it legal for private employers to with hold pensions till they reach the pension age . and save companies money in the hope that they will not live to take the pension .

this government is EVIL

CAMERON is a very dishonest piece of turd

that's good news CYNIC

TANKER and whos in charge of the Dept For Work And Pensions??.

Mind having said that he'l blame his Civil Servant aids as per usual.

Flexible defined benefit

The Government proposes to remove restrictions that make it compulsory for defined benefit pensions to increase every year with inflation and provide survivor's rights for members.


This means employers will continue to provide a pension income based on a worker's earnings - such as their final salary, or career average - but that it will not have to provide annual increases on this amount, or continue payments to a spouse once the pension-holder dies.


Employers will still take on the risk of having to provide a retirement income, while the employee will have to bear the risk of protecting themselves from future inflation, and find a way of providing for their partners after they die.

Employers could also be given the option of further limiting their financial liabilities by changing workers' pension ages, to reflect the rising life expectancy in the UK.


Read more: http://www.dailymail.co.uk/money/pensions/article-2490272/New-blueprint

in plain English it means push up retirement day and hope they die
and never get a penny .

a government forcing the poor into paying money into a pension which over 60% will never get a penny back they will DIE

NHS will not be their for them in the future immigration as fcuked up the NHS and another 10million to be in the uk in 20 years that's over 70 million who is going to pay their pension.
answer we will bring in another 40million to pay their pensions

This stinks........ or continue payments to a spouse once the pension-holder dies.

These Tories only look after the very rich, and they arent doing a very good job of that either.

it seems to me that pension rules, like trust rules, change about every 5 years, the intent being to benefit solely the exchequer (+ accountants and lawyers)