3 ms·
With a state pension, a government can exclude people from reaping what they have put in, retroactively. I don't expect to be able to claim a UK state pension -
by srssays 10y ago
With a state pension, a government can exclude people from reaping what they have put in, retroactively. I don't expect to be able to claim a UK state pension -- they can just keep putting up the minimum age from 65, to 66 to 70 to 75 to 80... until the scheme is removed entirely.
Whereas with private pensions the values go up and down but are unlikely to hit 0 and stay there -- unless it's really mismanaged!
- empthought 10y ago> I don't expect to be able to claim a UK state pension -- they can just keep putting up the minimum age from 65, to 66 to 70 to 75 to 80 What would be the point of doing this? Whose interest does it serve? It does not serve the banks' interest. It does not serve the politicians' interest. It does not serve your interest.
- pjc50 10y agoIt brings the deficit down, and as long as it's only done to a narrow group of people at a time and has the support of the newspapers it looks good for the government's economic competence. Private pension collapses: "stakeholder" ones seem a bit safer, but company ones keep getting into trouble e.g. http://uk.businessinsider.com/sir-philip-green-bhs-pension-fund-2016-7 http://uk.businessinsider.com/sir-philip-green-bhs-pension-f...