{"id":7542,"date":"2023-10-20T10:46:59","date_gmt":"2023-10-20T09:46:59","guid":{"rendered":"https:\/\/www.pjamesfs.com\/?p=7542"},"modified":"2023-10-20T10:47:05","modified_gmt":"2023-10-20T09:47:05","slug":"generation-dc-face-disastrous-retirement-without-more-help","status":"publish","type":"post","link":"https:\/\/www.pjamesfs.com\/generation-dc-face-disastrous-retirement-without-more-help\/","title":{"rendered":"&#8220;Generation DC face \u2018disastrous\u2019 retirement without more help&#8221;"},"content":{"rendered":"<p class=\"gmail-p1\">I know, yet another Gen, so what does this one mean? Gen DC covers X, Z and a few others, as it\u2019s those who will retire without final salary pensions, which have been disappearing up their own deficits for many years now. Due in o large part, some might say, to continual tinkering by various Chancellors; but also, of course, because we\u2019re living longer, and pensions funded to be paid for 10 or 15 years often now continue with index-linking, for 30 years or more. Gen DC will have to rely on \u2018Defined Contribution\u2019, rather than \u2018Defined Denefit\u2019 pensions. Most are not paying in nearly enough to give them the pension they might expect and the majority of employers will only pay in what they can get away with. Another problem to be kicked down the road by whoever\u2019s in power, I suspect.<\/p>\n<p><a href=\"https:\/\/www.ftadviser.com\/pensions\/2023\/10\/18\/generation-dc-face-disastrous-retirement-without-more-help\/\" target=\"_blank\" rel=\"noopener noreferrer\">Read more here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>I know, yet another Gen, so what does this one mean? Gen DC covers X, Z and a few others, as it\u2019s those who will retire without final salary pensions, which have been disappearing up their own deficits for many years now.<\/p>\n","protected":false},"author":1,"featured_media":6560,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[20],"tags":[1039,903,1084],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/posts\/7542"}],"collection":[{"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/comments?post=7542"}],"version-history":[{"count":2,"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/posts\/7542\/revisions"}],"predecessor-version":[{"id":7544,"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/posts\/7542\/revisions\/7544"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/media\/6560"}],"wp:attachment":[{"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/media?parent=7542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/categories?post=7542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pjamesfs.com\/wp-json\/wp\/v2\/tags?post=7542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}