Andy P, Author at Pensioners for Independence

Of Interest to All, Opinion, Pensions Opinions

State Pension age rising to 70 even though UK State Pension is lowest in the world

UK State Pension officially the worst in the world (worse than Mexico)– but still needs to be cut further. Middle income groups receive worse pensions than any other country in the OECD. Government actuaries say under-30s won’t get state pension till their 70s as new State Pension system is unaffordable. Full article is on http://pensionsandsavings.com

Of Interest to All, Opinion, Pensions Opinions

UK to have lowest state pension amongst OECD countries

Currently, a total of 18.5% of pensioners in the UK aged 75+ have incomes below the poverty line. The main reason for this is the UK’s low level of state pension. Business for Scotland have several articles about pensions which are worth a read.

Of Interest to All, Opinion, Pensions, Pensions Opinions

UK pensions among the worst in the developed world, study finds

British workers can expect among the worst pensions in the developed world, according to a report from investment bank UBS, which compared the retirement outlook for a 50-year-old woman in major cities across the globe. Pensions compared How much a state plus “mandatory” pension will be worth at retirement as a proportion of current income, based on a 50-year-old female in each city Singapore 73% Sydney 72% Paris 69% Milan 67% New York 55% Tokyo […]

Of Interest to All, Opinion, Pensions, Pensions Opinions

Treasury saves £5 billion a year as pension reforms leave more than one million women worse off

The government must reconsider punishing changes to women’s pensions after it emerged earlier reforms boosted state coffers by more than £5 billion a year, campaigners say. The Institute for Fiscal Studies (IFS) found more than one million women are worse-off by an average of £32 a week after the retirement age moved from 60 to 63. The change, which happened between 2010 and 2016, has taken 1.1 million women off the pensions book, saving the […]

Of Interest to All, Pensions Opinions

Tory pensions bombshell

Angus Robertson asked PM May a simple question to guarantee the pensions triple lock. She failed to. Pensioners should fear Tory pensions bombshell. Calling the election has delayed the Government’s plans to push back the state pension age and abandon the triple lock, due to be announced on 5 May. As things stand, May might sound an attractive proposition to middle-aged Brits, but her proposal to target pensioners’ benefits – or, as I prefer to […]