Category Archives: Pensions Opinions

State Pensions and the Economy in Independent Scotland

A couple of weeks back we published a post called Scotland – An Exciting Future. It features a video by Robert Anderson of the Yes Perth City Group.

Since then Robert has sent us links to a further two videos – one about state pensions and one about the economy.

Pensions and the economy are probably the two most frequent topics that come up in discussions about Scottish independence. These videos will be invaluable in persuading more Scots that our pensions and our economy will be safe and indeed prosper in an independence Scotland.

Watch the videos here:

Yes Perth City have a lively Facebook page. Check them out by clicking on the image:

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 55%
Munich 50%
Zurich 48%
Toronto 42%
London 41%
Hong Kong 41%
Taipei 32%

Read the full article.

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 UK Government £4.2bn on the state support and related benefits.

Read more at The National

Triple-lock on state pensions

There has been renewed publicity paid just recently to the future of the triple-lock on state pensions.

This is the committment made some time ago that annual increases will be whichever is the greatest of :-  the rate of inflation, the change in the Consumer Prices Index, and 2.5%.   Both the Conservatives and Labour have said they will discontinue the triple-lock in the near future, whereas the SNP have made it clear that, in an independent Scotland, an SNP Government would maintain it indefinitely.  Pensioners in Scotland do not really need any more reason than this for voting SNP and for Independence, but just in case more incentive is required, what about protecting your free ‘bus passes, because if we elect another Tory Government at Westminster that is hell-bent on more austerity measures, you can be sure retired people’s bus passes will be in the firing line next !