This view is based upon cashflow, not nebulous concepts such as funding ratios, But the operational inefficiency of the scheme could be addressed in three simple steps.
Posts Tagged: Pensions and retirement
And much of the £54 billion used to encourage saving is taken by the pensions industry
The average pension pot in the UK will generate just £1,300 of income per year in retirement.
£21 million was spent on winter fuel payments for Britons living abroad, including in countries such as Spain, last year. That’s a 64 per cent increase on the previous year.
By Paul GoodmanFollow Paul on Twitter. The formidable Conservative backbench support for transferable tax allowances shows how crucial marriage is… Read more »
We don’t normally start ToryDiary posts by highlighting the words of a Labour frontbencher. That stuff’s generally reserved for LeftWatch. But there was… Read more »
By Tim MontgomerieFollow Tim on Twitter George Osborne is getting a very similar message from his Conservative and Liberal Democrat… Read more »
Tories and Lib Dems agree on capping costs of long-term care. No elderly person will have to sell their homes in order to meet care bills.
By Tim MontgomerieFollow Tim on Twitter "From April this year, no one will have to sell their home to fund… Read more »
By Paul GoodmanFollow Paul on Twitter. Not so long ago, people were both more free and more orderly. For example,… Read more »
The Sunday papers offer Autumn Statement hints: a small benefits increase, a raid on wealthy pensions and more fracking
By Matthew BarrettFollow Matthew on Twitter. 1pm update: On the Andrew Marr programme this morning, George Osborne said: "I’m very… Read more »
By Tim MontgomerieFollow Tim on Twitter Making an argument that was also made on ConHome's Deep End on Friday, Iain… Read more »
By Matthew BarrettFollow Matthew on Twitter. Last week, the Duke of Westminster retired from his position as Deputy Commander Army… Read more »
Iain Duncan Smith prepares to cut winter fuel payments – by temperature-testing them. Why not means-test them?
By Matthew BarrettFollow Matthew on Twitter. Iain Duncan Smith has found an interesting way to trim spending on winter fuel… Read more »
By Harry PhibbsFollow Harry on Twitter In July, the Government published a Social Care White Paper. It apparently decided against a… Read more »
By Peter HoskinFollow Peter on Twitter Forget the Lords for a second — perhaps the most significant bit of political… Read more »