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.

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)

Indeed indeed.

HITLER would have been proud of this GOVERNMENT this government are way ahead
of being evil HITLER was not I their league he was a saint .

Just out on twitter.....

Matthew Bayley ‏@MattBayleySky 4m
All in this together? EXC @Jeremy_Hunt in line for £17m windfall in private equity deal for his education business @MarkKleinmanSky reveals

Where is Noo Labour and the unions?


A deafening silence from the friends of the working man.

cynic a few times we agree and we do on this issue it stinks
this government are just plain EVIL

This new semi-compulsory pension whereby you have to opt out (every 3 years) so as not to be included will be a disaster imo. Off now until monday as away for a weekend break.
2517

the news today . my wife who is only 59 as now decided to retire she was going to work till she was 65 . now January
its not worth waiting we will spend more time on hol and spend our money in spain

ALL gov'ts are evil and grasping and incompetent and anything else perjorative you wish to call them ..... that's why i THINK i'ld rather see as little gov't interference in our lives and wallets as possible ..... is that not the (alleged) view of the US Republicans?

Kevin Maguire ‏@Kevin_Maguire 1m
We aren't all in this together when NHS Sec Jeremy "austerity" Hunt is making £17m. Yes, 17-MILLION ........

http://news.sky.com/story/1165734/hunt-to-get-17m-payout-from-hotcourses-sale …

What is wrong with that? A company that he set up 17 years ago is being sold. Are you getting desperate for news stories?

LOL, its here TANKER .

Fetch TANKER fetch boy.

ohhhhhh good boy.

News of the prospective windfall for Mr Hunt, the MP for South West Surrey, may cause embarrassment for the Government at a time when a debate about the cost of living is dominating Britain's political discourse.

With the NHS expected to face a strain on resources during the winter, Mr Hunt is likely to face a tough few months in Westminster.

Ed Miliband, the Labour leader, has frequently sought to portray the Conservative-led coalition as an out-of-touch millionaires' club, and Mr Hunt is far from the only independently wealthy Cabinet minister.

Cynic,

Are you a signed up member of the UK tea party?

If not, Tinker or his pal can send you the necessary forms.

i'm sorry to tell you that i don't like the american political system at all ..... i'm sure it doesn't work as the founding fathers intended, but the result today is that a small minority is effectively able to bring the country to a disastrous standstill

Why shouldn't cabinet ministers be independently wealthy? Plenty of Labour ministers have been wealthy. In fact I would prefer it. At least they have knowledge of the business world. They also don't need their salary from parliament or need a career. That makes them more likely to be able to act in the best way and not worry about their jobs.