Pensions and forced savings

"Why should you let your employer organise your pension for you? "

Coz they're even more efficient at stealing the money than insurance companies are?

Seconded.

Milan.

Why should you let your employer organise your pension for you?

It has always struck me as odd that the pension fund is regarded as a company asset when it should be regarded as nothing to do with the company.

The law should never have allowed such a thing.

The share holders are the employees who pay into it, a nice company also adds extras but does not hold shares.

Why oh why oh why..... in this day and age......

I thought they were transferring the Rover worker's pension to Tesco?

Former MG Rover workers also remain in the dark over their pensions after a disagreement between independent trustees appointed to the schemes and the directors. An actuary is soon to determine how much liability Phoenix Venture Holdings, which remains trading, should bear. So far it has paid £1.7 million. Its solvency has prevented the pension schemes from entering the Government’s Pension Protection Fund.

You know it strikes me as rather crazy that a government would force its people to save for their future and then do absolutely nothing about protecting that money.

Sh1t like the above where people save for retirement only to have all that hard earned money disappear on them when their company goes under cant have been completely unexpected by the group of morons who set up the current pension fiasco?

This is another reason Im paying as little tax as possible here in England :rollin

Mailman