reverend_kyle wrote:Heres a question....
The test said alot of stuff about pension plans does someone want to recap what the issue over that is?
i found myself putting undecidedo n that alto..
Yes.. The issues are that
a) Thatcher linked annual state pension increases to inflation & not the general rise in incomes, thereby making state pensions worth (relatively) less and less each year
b) Private companies and many parts of the public sector are pulling out en masse from providing decent defined benefit pensions for their workers,
c) Not many people make their own, sufficient, private pension provision (And why would they? Private pension schemes are shite, except if you're loaded.)
d) No-one really gives a toss. Might die tomorrow. Who cares?