Thank You

Thank you for contacting us. We will be in touch shortly.

Thursday July 27th, 2017 

News Archive - June 2011

We're all in this together

17/06/2011

Teachers and public sector workers are likely to start strike action due to unhappiness about cuts to their final salary pensions. As I have mentioned before, public sector pensions are far more generous than money purchase private sector schemes, due to the fact that all investment risk is borne by the state. The cost of these schemes really is unsustainable, and this was the case even before the financial crisis and its fallout.

The planned changes are framed to avoid penalising the lowest paid public sector workers, but the cuts are still being portrayed by the unions as a political rather than an economic decision. Believe me, there are plenty of public sector 'fat cats' who will suffer significantly lower pensions as a result of the changes. It's not only bankers who have six figure salaries and huge pensions. I always feel that those with public sector pensions (or indeed anybody who is lucky enough to have a final salary pension) have no idea how much worse off their private sector colleagues are when it comes to retirement income. As for millions of people retiring at 60 on a full pension - with everyone living for longer, this really is unaffordable.

Everybody is suffering at the moment and I fail to see how strike action will help.

Please call Mulberry Financial in Macclesfield if you would like to discuss your pension options.

 

top of page


The material here is for general information only and is not intended to be relied upon for individual investment decisions. Appropriate independent advice should be obtained before making any such decisions. Mulberry Financial Ltd does not accept any liability for any loss suffered by any user as a result of any such decision.
The information is based on our understanding of current HMRC rules and practices (as at the news article date) which are always subject to change. Taxation and trust advice and Cash ISAs are not regulated by the Financial Conduct Authority. This site is aimed at UK residents only.
Please remember that the prices of shares and other investments can fall sharply. You may not get back the money you originally invested. Past performance is not necessarily a guide to the future.


News archive 2017


Mar | Feb | Jan |

News archive 2016


Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan |

News archive 2015


Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan |

News archive 2014


Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan |

News archive 2013


Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan |

News archive 2012


Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan |

News archive 2011


Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan |

News archive 2010


Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan |

News archive 2009


Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan |

News archive 2008


Dec | Nov | Oct | Sep | Aug | Jul | Jun | May | Apr | Mar | Feb | Jan |

News archive 2007


Dec | Nov | Oct | Sep | Aug | Jul | Jun | May |