Another pensions mess

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Doggy Styles replied

27 April 2012, 08:28
Do you mean "use it or lose it"?
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BrilloPad started a topic Another pensions mess

27 April 2012, 06:35
Another pensions mess

Pensions Regulator orders companies to use spare cash to plug pension gaps - Telegraph

The pensions watchdog has triggered a furious row with business leaders after it ordered companies with gold-plated retirement plans to divert cash away from growth towards plugging scheme deficits.

But companies are not spending cash on growth - they are saving it. And if the country is going to get inflation back to 5% where it belongs we need companies to spend all they can.

Why not charge companies 1% a month on all cash deposits to get them spending again?

This economics stuff is easy - I should get a nobel prize for this.
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