http://epetitions.direct.gov.uk/petitions/1535

ExBT_Bob

http://epetitions.direct.gov.uk/petitions/1535

Andy_L

Are you after our support of or our opposition to the petition?

ExBT_Bob

Your support please to get it up to the 100k mark (currently 82k)

agrinnall

Perhaps you would have more luck if you posted a justification of why you agree with the petition rather than simply posting a link. The petition itself says very little (which may be a limititation of the epetition system, I don't know as it's the first one that I've looked at) so people may need to be persuaded to your way of thinking.

Meeper

It often amazes me why the general public feel more able to make decisions about things like this than the civil servants who are trained in economics, fiscal policy, and so on.

I'll break it down in simple terms: The change from RPI to CPI is happening because, in a nutshell, almost EVERY other item which utilises inflation is based around CPI, and if pensions continue to use RPI inflation the country will go bust.

So no, I don't think I'll be signing your petition, and even if it gets to the required 100,000 signatures to spark a debate in the House, it won't make any difference because the debates have already happened in the House and it has gone through there.

Reaper

As RPI includes housing and CPI does not surely the fairer one to use is CPI. Not many pensioners have outstanding mortgages.

DCodd

Reaper wrote: »

As RPI includes housing and CPI does not surely the fairer one to use is CPI. Not many pensioners have outstanding mortgages.

This is true and I have no problem with the RPI to CPI change but it would be a less bitter pill to take for the PS worker if everyones student loan interest rate was worked out using CPI as well, rather than keeping on a RPI basis.

ExBT_Bob

Reaper wrote: »

As RPI includes housing and CPI does not surely the fairer one to use is CPI. Not many pensioners have outstanding mortgages.

Actually that's an incorrect assumption, but the main factor is that pensioner's inflation is actually higher than RPI, let alone the new link to the lower CPI.

For those who are agreeing with the new, lower index for public service pensions and the state pension, I make the following points:

It doesn't just affect public sector pensions, a number of private schemes are affected too, with companies now renaging on their promises to their pensioners and robbing them to pay the shareholders instead. This doesn't help the public finances!

Also I assume that you will all at some time claim your state pension. Are you happy that when you do, the indexation now applied (CPI) has been shown by many analysts (including the ONS itself) to be unsuitable and inappropriate for pension indexation and over the term of your pension you will be £1000's pounds worse off?

You must be very wealthy if you can afford to give that money back to the state! :cool:

property.advert

ExBT_Bob wrote: »

Actually that's an incorrect assumption, but the main factor is that pensioner's inflation is actually higher than RPI, let alone the new link to the lower CPI.

For those who are agreeing with the new, lower index for public service pensions and the state pension, I make the following points:

It doesn't just affect public sector pensions, a number of private schemes are affected too, with companies now renaging on their promises to their pensioners and robbing them to pay the shareholders instead. This doesn't help the public finances!

Also I assume that you will all at some time claim your state pension. Are you happy that when you do, the indexation now applied (CPI) has been shown by many analysts (including the ONS itself) to be unsuitable and inappropriate for pension indexation and over the term of your pension you will be £1000's pounds worse off?

You must be very wealthy if you can afford to give that money back to the state! :cool:

Capt'n Bob,

The country is broke, pension schemes are in deficit and all you pesky pensioners are simply living too long.

Pensions were set up to provide for a few years after retirement but they were not set up to provide for 30 plus years of retirement. If they were, the contributions would have been enormous.

So either you work longer, contribute more, accept less or die younger.

Pick your answer.

cvd

The change from RPI to CPI is happening because, in a nutshell, almost EVERY other item which utilises inflation is based around CPI,

Staggering - you claim to be a financial adviser and know so little about these things!!!!!!!!!!!!!!!!

The change is happening in order to save money.
Many experts have pointed out that there is no technical justification.

Uninformed posts like yours do your profession, if it can be called that, no good at all.

jjlandlord

Reaper wrote: »

As RPI includes housing and CPI does not surely the fairer one to use is CPI. Not many pensioners have outstanding mortgages.

There's nothing fair or unfair here.
It's a political decision to reduce cost of pensions.