pensions freedom will solve the UK’s housing ‘shortage’

Zero_Sum

BobQ wrote: »

Why do Governments not convert the public schemes to funded schemes? Too expensive for the existing pensioners and those accruing them, but quite possible for future accruals.

That said public sector pensions are now funded to a degree by larger employee contributions. Not enough you say! Still too much employer contribution, you say.

The bizarre thing is that this "unfunded" mechanism suits public sector organisations in the long term. The generous pensions mean they can pay lower salaries to get the quality of staff they require. In austere times they are seen as unaffordable but when talent is in demand they can offer lower salaries.

Local government is

Thrugelmir

redux wrote: »

Construction of new houses has reached its lowest level in about 90 years.

People no longer want to live in high rise tower blocks or sink estates. Much post war construction was extremely poor and has required reconstruction. As opposed to the standards in the 30's.