The point that always gets overlooked, or possibly misunderstood,

is that of improving mortality. People are living much longer in retirement, therefore the same amount of money is not going to provide the same amount of income for an extended period of retirement.

Also, annuities are underpinned by Gilts, which have been in high demand, and therfore the price goes up. When the price goes up the yield goes down. Double-bubble. Something has to give...

Posted By: tudders on November 28th 2011 at 14:00:44

Message Thread

Which of you moaning shit-houses are going on strike then? (General Chat) - tudders, Nov 28, 13:42:21
- I'm not a public worker but support them 100% (n/m) (General Chat) - South_West_Canary, Nov 28, 14:54:02
  - i don't. I'd support them if they were demonstrating about cuts to services though. (General Chat) - Ralf Scrampton, Nov 28, 15:30:28
- Yes, I must thank them for my enforced holiday....! (n/m) (General Chat) - BSE Canary, Nov 28, 13:59:56
- I'm looking forward to a decent journey on the motorway for a change (General Chat) - CB41, Nov 28, 13:51:49
- Everyone else should go on strike in protest (General Chat) - Ben, Nov 28, 13:49:07
  - not public worker but support them totally (n/m) (General Chat) - South_West_Canary, Nov 28, 14:49:42
  - Ben (General Chat) - pants, Nov 28, 14:11:53
  - They contribute to their pensions, and are having what they've contributed effectively (General Chat) - jafski, Nov 28, 13:52:24
    - They haven't paid enough in to get what they want out. simples (General Chat) - Ben, Nov 28, 14:11:50
      - they paid in what they were told in exchange (General Chat) - South_West_Canary, Nov 28, 14:56:08
        
        which is why they are keeping their currently accrued benefits (General Chat) - Ralf Scrampton, Nov 28, 15:23:54
    - The point that always gets overlooked, or possibly misunderstood, (General Chat) - tudders, Nov 28, 14:00:44
      - speaking as a so called moaning shit house - who will be striking (General Chat) - green n yella beaver, Nov 28, 14:13:05
        
        couldn't you all just do a few extra hours on a saturday for example (General Chat) - Tombs, Nov 28, 14:45:15
        
        Tombs for Chancellor (General Chat) - Old Git, Nov 28, 14:50:30
        
        None of that has anything to do with what I said. (n/m) (General Chat) - tudders, Nov 28, 14:20:41
        
        Welcome to the wrath (n/m) (General Chat) - Old Git, Nov 28, 14:29:03
    - Isn't the entire point that they don't contribute anything like enough (General Chat) - Old Git, Nov 28, 13:58:28
      - Problem is that there are a comparatively few public sector (General Chat) - duke of york, Nov 28, 14:44:21
      - You're doing what the press do and tarring all publc sector workers with the same brush. (General Chat) - jafski, Nov 28, 14:01:40
        
        Oh, I posted the same as you (General Chat) - duke of york, Nov 28, 14:44:51
        
        Good man. (n/m) (General Chat) - jafski, Nov 28, 14:45:36
        
        "The majority aren't high earners and do not have lucrative final salary pensions" (General Chat) - Old Git, Nov 28, 14:20:31
        
        FUCKING HELL!!!!!!!!!!!!!!!!!!!!!!!!! (General Chat) - Tombs, Nov 28, 14:48:35
        
        My Mrs earns less than all those people quoted as a public sector worker. (General Chat) - jafski, Nov 28, 14:33:56
        
        ?28,802 (General Chat) - Old Git, Nov 28, 14:49:17
        
        Average. Is that the mean or the median or what? Also it's on the DM website. (n/m) (General Chat) - jafski, Nov 28, 15:02:22
        
        Average is 'mean', middle number is 'median' (n/m) (General Chat) - norway, Nov 28, 15:25:04
        
        Average (n/m) (General Chat) - duke of york, Nov 28, 15:01:01
        
        "those on low and middle incomes should benefit, or at least not be any worse off." (General Chat) - Ralf Scrampton, Nov 28, 14:15:50
        
        Racist (n/m) (General Chat) - Old Git, Nov 28, 14:05:52
    - i thought they were keeping their current contributions (General Chat) - Ralf Scrampton, Nov 28, 13:57:20
      - They are but they're not being linked to the RPI any more. (n/m) (General Chat) - jafski, Nov 28, 13:59:08
        
        No one's is (n/m) (General Chat) - CB41, Nov 28, 14:38:37
        
        we are. we had to fight for it mind (n/m) (General Chat) - South_West_Canary, Nov 28, 14:59:40
    - I had what I had contributed stolen (n/m) (General Chat) - CB41, Nov 28, 13:53:01
      - You probably just forgot where you put it (n/m) (General Chat) - Old Git, Nov 28, 13:58:51
        
        Unfortunately, no. It was plundered when our American parent company went down (General Chat) - CB41, Nov 28, 14:40:58
- I'm not going on strike, however improved pension terms and a 10% pay rise would be great (General Chat) - norway, Nov 28, 13:45:39

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