Forum Message

Topic: Re:Re:Re:How Much Do You Need to Retire On?
Posted by: Joe Conneely
Date/Time: 24/06/11 17:22:00

Vanessa in responding to your posting of June 23, the general consensus from most postings in the chain here is that things cannot carry on as they are and new approaches are needed. While they will not give an immediate fix, my suggestions would be:

1. Accept that state pensions for all is not appropriate given our changed UK demographics and introduce a sliding scale that would deny them to persons with high personal pension income levels (similar to what has happened to personal allowances for higher rate taxpayers.

2. Junk the teaching of RE in more senior years at school and replace it with teaching of personal financial management so people commence work (when they can get a job!) with a better understanding of the realities - one suspects this would help better kick start the need to provide for ones retirement however far off it may seem.

3. Not a popular item I suspect but mandatory pension provision being required alongside the need to move pension arrangements so people have full portability of a personal account individual pension scheme specific to them. Given that in the future all will likely have a variety of jobs across their life the need is to avoid a disparate number of employer pension schemes or poor transfer values between such schemes by the actuaries.

4. Expand something like National Savings so that lower value personal pension funds are handled and fire walled in a secure and safe environment and avoid the rip offs that have occurred under pension mis-selling scams and poor investment performance exacerbated by management fees.


Entire Thread
TopicDate PostedPosted By
How Much Do You Need to Retire On?20/06/11 18:45:00 Claire Moran
   Re:How Much Do You Need to Retire On?20/06/11 20:04:00 Susan Kelly
      Re:Re:How Much Do You Need to Retire On?20/06/11 20:37:00 Sara Nathan
         Re:Re:Re:How Much Do You Need to Retire On?20/06/11 22:24:00 Jonathan Bingham
            Re:Re:Re:Re:How Much Do You Need to Retire On?20/06/11 22:30:00 Sara Nathan
               Re:Re:Re:Re:Re:How Much Do You Need to Retire On?21/06/11 07:21:00 Susan Kelly
                  Re:Re:Re:Re:Re:Re:How Much Do You Need to Retire On?21/06/11 08:18:00 Bernadette Paul
                     Re:Re:Re:Re:Re:Re:Re:How Much Do You Need to Retire On?21/06/11 08:39:00 John de St Croix
                     Re:Re:Re:Re:Re:Re:Re:How Much Do You Need to Retire On?21/06/11 09:50:00 Susan Kelly
                        Re:Re:Re:Re:Re:Re:Re:Re:How Much Do You Need to Retire On?21/06/11 10:12:00 Bernadette Paul
                           How Much Do You Need to Retire On?21/06/11 11:03:00 George Knox
                              Re:How Much Do You Need to Retire On?21/06/11 11:43:00 James Howarth
                                 Re:Re:How Much Do You Need to Retire On?21/06/11 12:43:00 Guy Lambert
                                    Re:Re:Re:How Much Do You Need to Retire On?21/06/11 12:57:00 Claire Moran
                                       Re:Re:Re:Re:How Much Do You Need to Retire On?21/06/11 13:25:00 Bernadette Paul
                                          Re:Re:Re:Re:Re:How Much Do You Need to Retire On?21/06/11 13:39:00 Claire Moran
                                             Re:Re:Re:Re:Re:Re:How Much Do You Need to Retire On?21/06/11 14:49:00 Bernadette Paul
                                                Re:Re:Re:Re:Re:Re:Re:How Much Do You Need to Retire On?21/06/11 15:41:00 Claire Moran
                                                   Re:How Much Do You Need to Retire On?21/06/11 22:00:00 Joe Conneely
                                                      Re:Re:How Much Do You Need to Retire On?22/06/11 11:09:00 Vanessa Smith
                                                         Re:Re:Re:How Much Do You Need to Retire On?22/06/11 11:17:00 Susan Kelly
                                                         Re:Re:Re:How Much Do You Need to Retire On?22/06/11 18:30:00 Bernadette Paul
                                                            Re:Re:Re:Re:How Much Do You Need to Retire On?22/06/11 21:55:00 Claire Moran
                                             Re:Re:Re:Re:Re:Re:How Much Do You Need to Retire On?21/06/11 15:20:00 Joe Conneely
                                                Re:Re:Re:Re:Re:Re:Re:How Much Do You Need to Retire On?22/06/11 11:04:00 Sam Hearn Cllr
                                                   Re:Re:Re:Re:Re:Re:Re:Re:How Much Do You Need to Retire On?22/06/11 11:58:00 Joe Conneely
                                                Re:How Much Do You Need to Retire On?22/06/11 11:15:00 Philippa Bond
                                                   Re:Re:How Much Do You Need to Retire On?22/06/11 15:53:00 Ceref Devin
                                                      Re:Re:Re:How Much Do You Need to Retire On?22/06/11 16:10:00 Joe Conneely
                                                         Re:Re:Re:Re:How Much Do You Need to Retire On?23/06/11 12:59:00 Alan Clark
                                                            Re: "Beam Me Up Scotty"23/06/11 14:46:00 Philippa Bond
                                 Re:Re:How Much Do You Need to Retire On?22/06/11 23:01:00 Lynne Bruce
   Re:How Much Do You Need to Retire On?22/06/11 17:41:00 Neil Muller
      Re:Re:How Much Do You Need to Retire On?23/06/11 09:19:00 Vanessa Smith
         "Lat of the Summer Wine for Pensioners" - from today's Times :)23/06/11 09:44:00 Mark Perry
            Re:"Lat of the Summer Wine for Pensioners" - from today's Times :)23/06/11 09:56:00 Claire Moran
               Re:Re:"Lat of the Summer Wine for Pensioners" - from today's Times :)23/06/11 10:09:00 Neil Muller
               Re:Re:"Lat of the Summer Wine for Pensioners" - from today's Times :)23/06/11 10:11:00 John de St Croix
               Re:Re:"Lat of the Summer Wine for Pensioners" - from today's Times :)23/06/11 10:16:00 Susan Kelly
                  Re:Re:Re:"Lat of the Summer Wine for Pensioners" - from today's Times :)23/06/11 10:30:00 Claire Moran
                     Re: Retirement Costs23/06/11 12:33:00 Philippa Bond
                     Re:Re:Re:Re:"Lat of the Summer Wine for Pensioners" - from today's Times :)23/06/11 13:33:00 Susan Kelly
               Re:Re:"Lat of the Summer Wine for Pensioners" - from today's Times :)23/06/11 12:49:00 Philippa Bond
                  Re:Re:Re:"Lat of the Summer Wine for Pensioners" - from today's Times :)23/06/11 13:58:00 Vanessa Smith
                     Re:Re:Re:Re:"Lat of the Summer Wine for Pensioners" - from today's Times :)23/06/11 18:46:00 Claire Moran
                        Re:Re:Re:Re:Re:"Lat of the Summer Wine for Pensioners" - from today's Times :)23/06/11 19:26:00 Susan Kelly
                           Re:Re:Re:Re:Re:Re:"Lat of the Summer Wine for Pensioners" - from today's Times :)23/06/11 19:37:00 Claire Moran
                              Re:Re:Re:Re:Re:Re:Re:"Lat of the Summer Wine for Pensioners" - from today's Times :)23/06/11 20:11:00 Susan Kelly
                                 Re:Re:Re:Re:Re:Re:Re:Re:"Lat of the Summer Wine for Pensioners" - from today's Times :)23/06/11 20:16:00 Claire Moran
                                    Re:Re:Re:Re:Re:Re:Re:Re:Re:"Lat of the Summer Wine for Pensioners" - from today's Times :)24/06/11 12:10:00 Susan Kelly
                                       Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:"Lat of the Summer Wine for Pensioners" - from today's Times :)24/06/11 13:08:00 Claire Moran
                                          Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:"Lat of the Summer Wine for Pensioners" - from today's Times :)24/06/11 14:37:00 Susan Kelly
                                             Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:Re:"Lat of the Summer Wine for Pensioners" - from today's Times :)24/06/11 14:44:00 Claire Moran
                                                Re:Re:Re:Re:Re:"Last of the Summer Wine for Pensioners" - from today's Times :)24/06/11 16:49:00 Joe Conneely
                                                   Re:Re:Re:Re:Re:Re:"Last of the Summer Wine for Pensioners" - from today's Times :)24/06/11 17:53:00 Claire Moran
         Re:Re:Re:How Much Do You Need to Retire On?24/06/11 17:22:00 Joe Conneely

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