Not sure whether to bother with a retirement plan. The minimum pension age looks set to rise to approximately 103 over the next couple of decades.
People talk about the EU as the issue which might eventually end the Tories' position as one of the natural parties of government. Not right of centre/right wing politics in general, just the Tories in particular. But no, it's surely got to be pensions. At some point, they are going to have to choose between destroying a system which people have banked on for most or all of their working lives (the state pension being a safety net for those who can't/don't/won't save, and a foundation from which to build for those who do), or maintaining it at all costs regardless of the bigger picture. Without at least a fair proportion of pensioners on board, the Tories would struggle to finish in the top three at a general election, never mind winning one.
Slowly but surely they will erode the final salary public sector pension..... I am just glad that after 35 years of working in NHS, voluntary sector and education..... I got out with a half decent pension..... If they go down this road, I would like to see an independent commission look at public sector pay and pensions..... including their own....
Mme receives a small public sector pension that has just gone up at twice the percentage amount that a current employee will get by way of a pay increase. Don't really see why they should be treated differently.
Mine is linked to CPI.... in my view all pay rises and pension rises should by boundaried by this. But you will see all the fat cats disagreeing.... I wonder why? Interestingly enough Japan one of the most industrialized countries in the world has one of the lowest low-high salary range...
