"it will need increased taxation of some kind" Rubbish. Suitable cuts in other government expenditure would do the job and…
When taxation is retroactive it will change behaviour. Be careful with envy focused legislation promote real solutions to British poor…
Extending time horizons can ease short-term funding pressure, but it shifts risk toward younger members. Reform should make those intergenerational…
I've just come across this letter from Smithers, covering DB pensions in general and the USS in particular. https://smithers.co.uk/extending-the-liabilities-time-horizon-is-key-to-pensions-reform/
Tag Archives: state pension
Steve Webb’s Ludgate Lecture on the state pension.
In this lecture, Steve Webb gives us what he calls a two course meal The first course looks at how it is that Government is getting its administation so wrong on the payment of the State Pension Steve’s charitable answer … Continue reading
Q; who do Paul and Sylvia trust with their savings? A; their Govt. pension!
Tanya Jefferies is running an article in the Mail on people who have flung money at the DWP to get extra state pension , only to find they have no headroom as they already get the most they can get. … Continue reading
Have boomers pulled up the drawbridge on their children?
Steve Webb’s latest Money Mail response is both authoritative and interesting, if you can’t be bothered to read this blog, read Steve’s article instead (but both are worth a read). Will the state pension become means tested in the future … Continue reading
Barrett, Webb, Johnson and Lewis on the endlessly changing state pension
The endlessly changing state pension Radio four ran a 30 minute briefing on the state pension last Thursday which is well worth listening to. Paul Lewis and Paul Johnson are joined by Claer Barrett and Steve Webb. Expertly chaired by … Continue reading
Posted in pensions
Tagged Johnson, Lewis, Retire late, state pension, State Pension Age, Steve Webb, WASPI
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Steve Webb’s COD! State pension contracting out deductions are a little fishy!
Help! I paid NI for 45 years but £20 a week will be knocked off my state pension because I ‘contracted out’ – please explain?@stevewebb1 replieshttps://t.co/5rQwJAZCoS — This is Money (@thisismoney) April 2, 2024 Ouch! I bet Steve Webb was … Continue reading
Let’s pay the price for WASPI
The WASPI timeline 1995: A law is passed setting out a timetable to eventually raise the retirement age for women to 65, so it would be the same as men. Under the 1995 Pensions Act, the plan is to phase in … Continue reading
National insurance and the funding of the state pension
There are plenty of people, especially young people, who don’t believe they will get the state pension. We all vaguely recognise a link between national insurance and pensions, so when people hear the Chancellor say he wants to scrap national … Continue reading
PPI concludes no-one is doing DC pensions properly (yet)
It’s been a week when everyone from PIC to PPI and stations between has been asking why we’re not making more progress turning our saved wealth to pensions. I modified my view of PIC’s staff that they hated their workplace … Continue reading
Vested interests and the state pension
It’s depressing to wake up this morning , the weekend after the end of Pension Awareness Week, to find awareness of the value of the state pension is well – weak! In this blog I put forward three views of … Continue reading
Posted in pensions
Tagged auto enrolment, de-risking, Defined benefit pension plan, Pension Credit, Pensions, Ponzi, state pension
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The state pension age – on the frontline.
The last week in March saw no less than three reports on the state pension age (SPA). The Government Actuary (GAD) focussed on the ratio between workers paying taxes and pensioners benefiting from them. Baroness Lucy Neville-Rolfe came up … Continue reading
I agree. And Richard Murphy made much the same points and more after reading Martin Wolf’s FT piece yesterday, in…