Gov launching pension age review

BlackKnightMonty

QrizB said:

LightFlare said:
Something has to give 

Logan's Run time?
It's not *that* much less likely than some of the comments on this thread so far 😂

Heaven forbid any constructive discussion regarding state pension reform.

Blue_Doggy

LightFlare said:

Too many old people and too expensive to keep them alive.

Sounds harsh - but true. We are getting almost too good at keeping old people alive and it’s at a huge financial cost.

The country has never faced having to deal with so many over 70s 

Something has to give 

Interesting comment (to an over-70). What is your solution? 

Cus

I wouldn't be surprised if the government determine that every employee/employer is legally required to put some additional amount (above current auto enroll rates) into some government backed pension funds that are only allowed to invest in the UK as per government guidelines, and are somehow tied to paying out the state pension in the future

Bobziz

BlackKnightMonty said:

QrizB said:

LightFlare said:
Something has to give 

Logan's Run time?
It's not *that* much less likely than some of the comments on this thread so far 😂

Heaven forbid any constructive discussion regarding state pension reform.

Doesn't constructive discussion usually lead to something that is actionable ? 

LightFlare

Blue_Doggy said:

LightFlare said:

Too many old people and too expensive to keep them alive.

Sounds harsh - but true. We are getting almost too good at keeping old people alive and it’s at a huge financial cost.

The country has never faced having to deal with so many over 70s 

Something has to give 

Interesting comment (to an over-70). What is your solution? 

Good question to which I have no idea.

BrilliantButScary

Nasqueron said:

NickPoole said:

Not a fan of this at all. Won't affect me as getting state pension - I hope the new 16/17 voting cohort look for a party which won't do this.

The problem for this cohort and really anyone born after 2000, maybe even a bit earlier, is that they are seeing the current pensioners hoover up all the money and then make them pay for the triple lock and the gold plated public sector DB schemes which are closed off to them. This won't change under Tories or Reform and unlikely to change under Labour as there are a huge chunk of pensioners who are a very reliable voting force who will always turn out and always vote against any attempt to curtail their benefits while backing cuts to other benefits (see also the WASPE women).

Nobody has the guts to scrap the triple lock and cap it to inflation or whatever lower amount other benefits / NMW get and no-one will admit that unless the birthrate increases, we will continue to need lots of working age migrants to keep the revenue coming in due to the ever decreasing ratio of workers to pensioners. Nobody has the guts to tax rich pensioners more (maybe start by putting NI back on above a certain amount)

My state pension age is 68 and will probably be 69 before I get there.

The young aren't saving because they can't afford to with house prices rising and NIMBYs blocking developments that might affect their prices while certain groups sit in almost empty 7 figure value 3-5 bedroom houses while their grandkids rent a shoebox for £1000 a month (more in London)

It's political suicide to cut pensions but the younger generations will not be forgiving to the older ones who took away their retirement when it goes to 70, 71 etc.

I'm Generation Jones, I left school at the time of the highest unemployment rates in the country. My retirement age will be 67, ( it increased by 7 years during my working life), and I am not a WASPI.

You are speaking about pensioners as an homogeneous group. There are still many pensioners living in poverty, 2/5 ths without any kind of private pension. Life has always been a struggle for many people in society, and continues to be so for some in older age. The present situation in regard to housing is 
affecting more of the off-spring of the 'middle class', so we get to hear more about it in the likes of the Daily Telegraph etc

https://ifs.org.uk/publications/how-have-pensioner-incomes-and-poverty-changed-recent-years

BlackKnightMonty

BrilliantButScary said:

Nasqueron said:

NickPoole said:

Not a fan of this at all. Won't affect me as getting state pension - I hope the new 16/17 voting cohort look for a party which won't do this.

The problem for this cohort and really anyone born after 2000, maybe even a bit earlier, is that they are seeing the current pensioners hoover up all the money and then make them pay for the triple lock and the gold plated public sector DB schemes which are closed off to them. This won't change under Tories or Reform and unlikely to change under Labour as there are a huge chunk of pensioners who are a very reliable voting force who will always turn out and always vote against any attempt to curtail their benefits while backing cuts to other benefits (see also the WASPE women).

Nobody has the guts to scrap the triple lock and cap it to inflation or whatever lower amount other benefits / NMW get and no-one will admit that unless the birthrate increases, we will continue to need lots of working age migrants to keep the revenue coming in due to the ever decreasing ratio of workers to pensioners. Nobody has the guts to tax rich pensioners more (maybe start by putting NI back on above a certain amount)

My state pension age is 68 and will probably be 69 before I get there.

The young aren't saving because they can't afford to with house prices rising and NIMBYs blocking developments that might affect their prices while certain groups sit in almost empty 7 figure value 3-5 bedroom houses while their grandkids rent a shoebox for £1000 a month (more in London)

It's political suicide to cut pensions but the younger generations will not be forgiving to the older ones who took away their retirement when it goes to 70, 71 etc.

I'm Generation Jones, I left school at the time of the highest unemployment rates in the country. My retirement age will be 67, ( it increased by 7 years during my working life), and I am not a WASPI.

You are speaking about pensioners as an homogeneous group. There are still many pensioners living in poverty, 2/5 ths without any kind of private pension. Life has always been a struggle for many people in society, and continues to be so for some in older age. The present situation in regard to housing is 
affecting more of the off-spring of the 'middle class', so we get to hear more about it in the likes of the Daily Telegraph etc

https://ifs.org.uk/publications/how-have-pensioner-incomes-and-poverty-changed-recent-years

Why have 40% not made any pension provision?

That seems very unwise.

itsthelittlethings

BlackKnightMonty said:

BrilliantButScary said:

Nasqueron said:

NickPoole said:

Not a fan of this at all. Won't affect me as getting state pension - I hope the new 16/17 voting cohort look for a party which won't do this.

The problem for this cohort and really anyone born after 2000, maybe even a bit earlier, is that they are seeing the current pensioners hoover up all the money and then make them pay for the triple lock and the gold plated public sector DB schemes which are closed off to them. This won't change under Tories or Reform and unlikely to change under Labour as there are a huge chunk of pensioners who are a very reliable voting force who will always turn out and always vote against any attempt to curtail their benefits while backing cuts to other benefits (see also the WASPE women).

Nobody has the guts to scrap the triple lock and cap it to inflation or whatever lower amount other benefits / NMW get and no-one will admit that unless the birthrate increases, we will continue to need lots of working age migrants to keep the revenue coming in due to the ever decreasing ratio of workers to pensioners. Nobody has the guts to tax rich pensioners more (maybe start by putting NI back on above a certain amount)

My state pension age is 68 and will probably be 69 before I get there.

The young aren't saving because they can't afford to with house prices rising and NIMBYs blocking developments that might affect their prices while certain groups sit in almost empty 7 figure value 3-5 bedroom houses while their grandkids rent a shoebox for £1000 a month (more in London)

It's political suicide to cut pensions but the younger generations will not be forgiving to the older ones who took away their retirement when it goes to 70, 71 etc.

I'm Generation Jones, I left school at the time of the highest unemployment rates in the country. My retirement age will be 67, ( it increased by 7 years during my working life), and I am not a WASPI.

You are speaking about pensioners as an homogeneous group. There are still many pensioners living in poverty, 2/5 ths without any kind of private pension. Life has always been a struggle for many people in society, and continues to be so for some in older age. The present situation in regard to housing is 
affecting more of the off-spring of the 'middle class', so we get to hear more about it in the likes of the Daily Telegraph etc

https://ifs.org.uk/publications/how-have-pensioner-incomes-and-poverty-changed-recent-years

Why have 40% not made any pension provision?

That seems very unwise.

If you’re living on the minimum wage it’s very hard to make pension provision. I had no pension in my twenties, was just trying to survive.

BlackKnightMonty

itsthelittlethings said:

BlackKnightMonty said:

BrilliantButScary said:

Nasqueron said:

NickPoole said:

Not a fan of this at all. Won't affect me as getting state pension - I hope the new 16/17 voting cohort look for a party which won't do this.

The problem for this cohort and really anyone born after 2000, maybe even a bit earlier, is that they are seeing the current pensioners hoover up all the money and then make them pay for the triple lock and the gold plated public sector DB schemes which are closed off to them. This won't change under Tories or Reform and unlikely to change under Labour as there are a huge chunk of pensioners who are a very reliable voting force who will always turn out and always vote against any attempt to curtail their benefits while backing cuts to other benefits (see also the WASPE women).

Nobody has the guts to scrap the triple lock and cap it to inflation or whatever lower amount other benefits / NMW get and no-one will admit that unless the birthrate increases, we will continue to need lots of working age migrants to keep the revenue coming in due to the ever decreasing ratio of workers to pensioners. Nobody has the guts to tax rich pensioners more (maybe start by putting NI back on above a certain amount)

My state pension age is 68 and will probably be 69 before I get there.

The young aren't saving because they can't afford to with house prices rising and NIMBYs blocking developments that might affect their prices while certain groups sit in almost empty 7 figure value 3-5 bedroom houses while their grandkids rent a shoebox for £1000 a month (more in London)

It's political suicide to cut pensions but the younger generations will not be forgiving to the older ones who took away their retirement when it goes to 70, 71 etc.

I'm Generation Jones, I left school at the time of the highest unemployment rates in the country. My retirement age will be 67, ( it increased by 7 years during my working life), and I am not a WASPI.

You are speaking about pensioners as an homogeneous group. There are still many pensioners living in poverty, 2/5 ths without any kind of private pension. Life has always been a struggle for many people in society, and continues to be so for some in older age. The present situation in regard to housing is 
affecting more of the off-spring of the 'middle class', so we get to hear more about it in the likes of the Daily Telegraph etc

https://ifs.org.uk/publications/how-have-pensioner-incomes-and-poverty-changed-recent-years

Why have 40% not made any pension provision?

That seems very unwise.

If you’re living on the minimum wage it’s very hard to make pension provision. I had no pension in my twenties, was just trying to survive.

40% of the population. Seems extraordinary. Especially during the era of discount council house sales.

itsthelittlethings

BlackKnightMonty said:

itsthelittlethings said:

BlackKnightMonty said:

BrilliantButScary said:

Nasqueron said:

NickPoole said:

Not a fan of this at all. Won't affect me as getting state pension - I hope the new 16/17 voting cohort look for a party which won't do this.

The problem for this cohort and really anyone born after 2000, maybe even a bit earlier, is that they are seeing the current pensioners hoover up all the money and then make them pay for the triple lock and the gold plated public sector DB schemes which are closed off to them. This won't change under Tories or Reform and unlikely to change under Labour as there are a huge chunk of pensioners who are a very reliable voting force who will always turn out and always vote against any attempt to curtail their benefits while backing cuts to other benefits (see also the WASPE women).

Nobody has the guts to scrap the triple lock and cap it to inflation or whatever lower amount other benefits / NMW get and no-one will admit that unless the birthrate increases, we will continue to need lots of working age migrants to keep the revenue coming in due to the ever decreasing ratio of workers to pensioners. Nobody has the guts to tax rich pensioners more (maybe start by putting NI back on above a certain amount)

My state pension age is 68 and will probably be 69 before I get there.

The young aren't saving because they can't afford to with house prices rising and NIMBYs blocking developments that might affect their prices while certain groups sit in almost empty 7 figure value 3-5 bedroom houses while their grandkids rent a shoebox for £1000 a month (more in London)

It's political suicide to cut pensions but the younger generations will not be forgiving to the older ones who took away their retirement when it goes to 70, 71 etc.

I'm Generation Jones, I left school at the time of the highest unemployment rates in the country. My retirement age will be 67, ( it increased by 7 years during my working life), and I am not a WASPI.

You are speaking about pensioners as an homogeneous group. There are still many pensioners living in poverty, 2/5 ths without any kind of private pension. Life has always been a struggle for many people in society, and continues to be so for some in older age. The present situation in regard to housing is 
affecting more of the off-spring of the 'middle class', so we get to hear more about it in the likes of the Daily Telegraph etc

https://ifs.org.uk/publications/how-have-pensioner-incomes-and-poverty-changed-recent-years

Why have 40% not made any pension provision?

That seems very unwise.

If you’re living on the minimum wage it’s very hard to make pension provision. I had no pension in my twenties, was just trying to survive.

40% of the population. Seems extraordinary. Especially during the era of discount council house sales.

What have council house sales got to do with pension provision?