MSE News: Summer Budget 2015: Pensions overhaul proposed



  • RichandJ
    RichandJ Forumite Posts: 1,087 Forumite
    Don't get me wrong, I agree, the proposal is one of the most needlessly complicated things they could have come up with - but I am chuckling slightly at your utter, unrestrained outrage. Not many people understand the despair that pensions admin companies feel at hearing the latest hare-brained unworkable idiotic concept that's been dreamt up by a politician who doesn't have a clue what he's doing just because successive chancellors seem to want to have a p!ssing contest about who can come up with the most "radical" pensions reform. I'm still reeling from the secondary annuity market idea, myself...

    Thanks PT. At least someone understands.

    Members & the general public & most IFAs don't. They all think it should be so easy to calculate whatever like it's an online bank account.

    It's not. It depends on individual scheme rules & legislation. Change either or both & it gets more complicated. And most of it is done using pen, paper & calculator.
    It only takes one tree to make a thousand matches, it only takes one match to burn a thousand trees. As well, the cars are all passing me, bright lights are flashing me.

    Johnny Was. Once.

    Why did he think "systolic" ?
This discussion has been closed.
Meet your Ambassadors


  • All Categories
  • 339K Banking & Borrowing
  • 248.7K Reduce Debt & Boost Income
  • 447.6K Spending & Discounts
  • 230.8K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 171.1K Life & Family
  • 244.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.9K Discuss & Feedback
  • 15.1K Coronavirus Support Boards