Retirement age 75.

[Hamble]

If they didn't make you aware then you should be entitled to compensation

https://www.fscs.org.uk/what-we-cover/endowments/.

I whole heartedly agree with you on politician's and bankers, both lower than vermin.

What about the rat that sold you the policy.
Pretty sure he was not a politician or Banker?

[Alikado]

LOL, yep, and the solution is put up the pension age. Guess they could put up taxes instead, I'm sure you'll also love that idea


Type this into google and see the issue..

united kingdom life expectancy

Upping the pension age was an easy option, there are other budgets that have risen.

[Mr B S Sniffer]

What about the rat that sold you the policy.
Pretty sure he was not a politician or Banker?

Such vitriol, did I hit a nerve?

[Sam066]

If you retire at the age of 75 is so laziness.

[bensherman]

No - it is inevitable! During the seventies/eighties/nineties people were working full time and paying full taxes that went into the Government pension fund. Those people are now receiving the pensions they paid into. After that period, the UK received a large number of immigrants who entered the service industry on low pay, paying no or minimum taxes. In addition, they have also received top up benefits in the form of tax credits. There are thousands more British people in part time/zero hours work, short term contracts, etc., paying little or no taxes. There is also a one off grant for people having a child of £500 per child which is not taxed. Large numbers of immigrants as well as British mothers have been awarded this money. With fewer people working full time in well paid jobs, paying taxes to support all these additional payments there is less being paid into the pension fund. The once young immigrants will also grow old and will also require a pension this means that more people will need pensions than would have before immigration to the UK. Employers have had to contribute more for each employee and the contributions have actually increased to take into account future increases in pensions numbers and also pension increases.
However - those people who opted out of the state retirement pension and opted for a private personal pension instead are likely to lose out - this accounts for about 4.5 million people. This scandal can be read in a report from the Guardian:
https://www.theguardian.com/money/20...s.jobsandmoney

In addition rules concerning men and women should be treated equally - women have given up the right to retire before their male counterparts:
"In Case C-109/91 "Ten Oever" (judgment of 6 October 1993), the Court
confirms that Article 119 applies to survivors' benefits provided by an
occupational social security scheme with effect from 17 May 1990 and
discrimination between men and women is no longer permitted from that date
as regards the granting of such benefits." EU Commission,Employment Rights.

As for retirement at 75? All very well if you are employed in a desk job,
pottering about doing simple tasks - but you are in a bit of a jam if you are doing
manual labour.

I loathe Duncan-Smith but there is no doubt there is a problem.

State Pensions are paid from CURRENT REVENUE. What you pay over 40 plus years is NOT invested, but pays for pensions going out at that time.

We are facing a future with many more older people and fewer people of working age. So the gap has to be filled.

Ironically this is yet another minus related to Brexit. Immigrants in general provide a net gain into our welfare system, but if we don't have them the problem is exascerbated.

[Ceam]

State Pensions are paid from CURRENT REVENUE. What you pay over 40 plus years is NOT invested, but pays for pensions going out at that time.

We are facing a future with many more older people and fewer people of working age. So the gap has to be filled.

Ironically this is yet another minus related to Brexit. Immigrants in general provide a net gain into our welfare system, but if we don't have them the problem is exascerbated.

But of course SAID knew this didn't you he. As he is the fountain of all knowledge. He probable worked for work and pensions at some point. :-)

[Hamble]

Such vitriol, did I hit a nerve?

Hamble was commiserating with people in the predicament of having their mortgage extended through illegal selling practices.

Does hit a nerve even if not a victim myself.

[Hamble]

I loathe Duncan-Smith but there is no doubt there is a problem.

State Pensions are paid from CURRENT REVENUE. What you pay over 40 plus years is NOT invested, but pays for pensions going out at that time.

We are facing a future with many more older people and fewer people of working age. So the gap has to be filled.

Ironically this is yet another minus related to Brexit. Immigrants in general provide a net gain into our welfare system, but if we don't have them the problem is exascerbated.

Who changed the rules?

https://www.telegraph.co.uk/finance/...-pensions.html

[Hamble]

Of course there is the FULL State Pension allowance and a lesser depending on the contributions of years paid into with N.I.

I would not receive the FULL State Pension when my time comes having taken a break from work for many years whilst the children were young.

We used the scheme which allows 'topping up' of the years missed to qualify for a full State Pension.

[Mr B S Sniffer]

What about the rat that sold you the policy.
Pretty sure he was not a politician or Banker?

The "rat" as you call him will only be a pleb trying to make a living selling the schemes that this odious lowlife dreampt up.

The greed is good culture let loose by thatcher.




https://www.telegraph.co.uk/finance/...ance-mess.html

[Hamble]

The "rat" as you call him will only be a pleb trying to make a living selling the schemes that this odious lowlife dreampt up.

The greed is good culture let loose by thatcher.




https://www.telegraph.co.uk/finance/...ance-mess.html

You have to face facts BS there are enough non rich people breaking the law ripping off people and lying.

Were you a victim of a commercial seller?
If so I am sorry.

[Mr B S Sniffer]

You have to face facts BS there are enough non rich people breaking the law ripping off people and lying.

I doubt they are getting a six figure pension

[Hamble]

I doubt they are getting a six figure pension

?
They are not stopping you getting one.

[Mr B S Sniffer]

?
They are not stopping you getting one.

I'm quite certain if I committed fraud on a fraction of scale that goodwin and the like committed I would be behind bars!

[Hamble]

I'm quite certain if I committed fraud on a fraction of scale that goodwin and the like committed I would be behind bars!

Former Royal Bank of Scotland boss Fred Goodwin has had his knighthood removed.

Mr Goodwin, who was heavily criticised over his role in the bank's near-collapse in 2008, was given the honour by the Labour government in 2004.

Take it up with your Labour Party!

"The Queen cancelled and annulled the title following Whitehall advice.

Party leaders, led by Prime Minister David Cameron, welcomed the decision. In the past, only convicted criminals or people struck off professional bodies have had knighthoods taken away.

Mr Goodwin oversaw the multi-billion-pound deal to buy Dutch rival ABN Amro at the height of the financial crisis in 2007, which led to RBS having to be bailed out to the tune of £45bn by taxpayers.

There had been a growing clamour for Mr Goodwin to be stripped of his honour following thousands of job losses at RBS and in the banking industry since then, and the impact on the wider economy."