As the Chancellor continues with the most radical pensions reform in history, the latest Office of National Statistics (ONS) data show that, beyond the rich, provision is worse than it’s ever been….and has worsened since 2010. Yet National Insurance has been abolished, and State pensions are being pushed back. The Slog ponders what on earth is going on.
Next year – just in time for the Election, so those in possession of one think they’ll soon be rich – private pensions will be just like any other form of savings: you’ll be able to cheese-pare the pot out over your remaining years, or blow the lot on the 3.30 at Haydock Park.
The following connection seems random, but bear with me: National Insurance no longer exists. This may have passed you by (because Draper Osborne has yet to inform Parliament…
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