Just more RW propaganda being spread to get people frothing.Aren't most pension schemes share based other than the public sector? This seems to be setting up private sector workers against public sector workers. Seems an own goal.
Plenty of rumours about the tax free pension lump sum being hit hence many people removing their's pre budget. Many public sector workers have the gold plated final salary pension whilst many private sector workers have a pension dependent on stocks and share performance. So I would imagine that lots more private sector workers have a direct interest in shares and stock market performance.Just more RW propaganda being spread to get people frothing.
Nobody, Tory or Labour, is going for pensions, but if people would like to argue how they are, I’m all ears.
Rumours? I wonder where these rumours come from as I’m sure they confirmed it wasn’t part of their plan early on in their tenure.Plenty of rumours about the tax free pension lump sum being hit hence many people removing their's pre budget. Many public sector workers have the gold plated final salary pension whilst many private sector workers have a pension dependent on stocks and share performance. So I would imagine that lots more private sector workers have a direct interest in shares and stock market performance.
Plenty of rumours about the tax free pension lump sum being hit hence many people removing their's pre budget. Many public sector workers have the gold plated final salary pension whilst many private sector workers have a pension dependent on stocks and share performance. So I would imagine that lots more private sector workers have a direct interest in shares and stock market performance.
Anyone making knee jerk decisions based on budget rumours related to possibly hundreds of thousands of pounds of their pensions needs their heads examining.Plenty of rumours about the tax free pension lump sum being hit hence many people removing their's pre budget. Many public sector workers have the gold plated final salary pension whilst many private sector workers have a pension dependent on stocks and share performance. So I would imagine that lots more private sector workers have a direct interest in shares and stock market performance.
Anyone making knee jerk decisions based on budget rumours related to possibly hundreds of thousands of pounds of their pensions needs their heads examining.
The ONS estimate that over 80% of public sector workers have a defined benefit pension, although that figure (the latest available it seems) was from 2019.The use of that phrase should mean the rest of your post is ignored. The majority of public sector workers do not have final salary pension schemes.
Anyone in the LG pension scheme also has their pensions invested in the stock market.
According to Google currently 82% public and only 8% private.The ONS estimate that over 80% of public sector workers have a defined benefit pension, although that figure (the latest available it seems) was from 2019.
Also, although the LG pension scheme is funded and therefore invested in the market, it is still defined benefit, and so I don’t think it’s unreasonable to suggest that members in that scheme will be less concerned about market performance than someone with a defined contribution pension.
As I’m not qualified to give it you’d be absolutely correct not to ask me.I won’t be coming to you for financial advice!!
As I’m not qualified to give it you’d be absolutely correct not to ask me.