COMPANY PENSION SCHEMES IN CRISIS

It is becoming apparent that the govt. are treating peoples savings as their own money.

The govt. presume that people who forgo material things things in their lives, to save, have been receiving too much money in the first place.

They are denied benefits, taxed, and now have to work longer.

Those who spend all they receive get all the benefits going at the expense of those who are frugal.

So, spend all your money and then claim all the benefits going!
Of course, the truly poor would suffer even more; but why should the frugal and not the spenders have to support the poor?

Rentakill and several other have shut their pension scheme.

Rentakill and several other companies have shut their pension scheme.

I set up a personal scheme just before christmas just in case, planning for the future.I have a scheme at work as well.

I personally feel that benefit receipants such as myself should leave their estates to taxpayers for their pensions.

Pension funds have also been hit by government bond yields which have decreased.

The Pension Secretary say that pensioners have been robbed.

The UK/GB government ombusman says the government should compensate those in failed company schemes, as leaflets published by the government suggested company pensions were guarenteed(sp?),lots of people were left without a pension when their company collapsed.

The government has refused.