What Pension Crisis?

I've said it before there is NO Pension crisis - its all smoke and mirrors. Engineered by the Government to squeeze us to pay off their incompetence. At last with Pensioner Bonds they are attempting to help out the beleaguered savers. In the end we cannot borrow our way out of the crisis. While the Bankers continue to make loads-of-money we are suffering.

If Gordon Brown had not raped the Pension funds in the last Government there would be plenty in the pot to finance industry and pay the pensioners but he's spent our nest egg.

Do I have to explain again how it works.

Let people have a level playing field for their pension savings. The money saved is used now to finance "things" later you will draw your pension. Don't worry unless they raid it again.

At least this is a good idea - long time coming. Next we need to regulate the charges that are levied and the rates of annuities that are paid should be kept within realistic ranges. Not to make Bankers FAT!