“FCA finds millions have no idea what pension they bought”

Oct 26, 2017 | Pensions

Tags: FCA

Here’s the problem. People, for the most part, are not interested in how their pensions work, just in what they get of the other end. It’s like asking them what tyres they have on their car. It’s important, yes, but they have a life to live and would much rather live it than engage in things that they a) find very boring and b) distract them from doing what they would like to do. That is why advisers exist. So, unless it’s made compulsory to know what pension you have, with a ten year stretch in a Gulag for those in non-compliance (nothing personal, Mr Corbyn)…it will ever be thus.

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pensions news 1
“National insurance cut raises questions over state pension funding”

“National insurance cut raises questions over state pension funding”

In an election year, all parties will try to be all things to all men. Mostly, it’s only stuff which matters ‘on the doorstep’ which matters. In isolation, Mrs Miggins (not my invention) will be delighted that her pension has gone up with the highest measure of inflation; and no one running a business will be complaining that National Insurance has been reduced.

“Back to work for people aged 65”

“Back to work for people aged 65”

So is it ‘back to work’ or never stopping? And why? Because we’re cash-strapped and can’t afford to retire? Or healthier and realising that working can actually keep you healthy? Well, it all depends, of course.