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Old 17th Oct 2017, 11:07
  #75 (permalink)  
pax britanica
 
Join Date: Aug 2001
Location: se england
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I was fortunate enough to have a final salary scheme -not BA - but a former state owned company privatised by the wonderful Mrs T .

It always amazes me that people rightly criticised Gordon brown but then his successors do absolutely nothing to correct the situation, in some senses they are worse than heim because they actually see how the idea works out.

In todays world of no one having jobs for life and living longer it is hard to sustain final salary schemes butt heir are much much better models (Canada and France ) to name two than the UKs shambolic approach which puts all the risk on the pensioner and none on the unregulated (in practice not theory) provider . Companies avaoid making pension contributions whenever they can (so called holidays) even though it is straight from the 'University of Bleedin' Obvious' that lean years will follow good years (but of course the senior management will have left after about 4 years so its not their problem.

yet another situation where to be quite honest we (ie the majority of the population , would be better off not having our country run from Westminster .
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