Posts Tagged ‘Pension Funds’
Pensions are old
I see here they mention that half of the 39% of the participants in the survey, saying that they did not have a pension in place are under 18 years old.
While I think it might be a good idea to have something small in place, it is not surprising to see under 18’s without a pension. After all, which teenager is going to miss their big night out with friends to put £40 into a pension fund, that after inflation and a few years, will be worth next to nothing!
In a survey of 2,000 adults, Fairinvestment.co.uk has found that 39 per cent do not have a pension plan in place, and 20 per cent of those with a pension have had to reduce their contributions or stop paying into it since the credit crunch began
Nearly half of the 39 per cent surveyed who admitted to not having a pension in place were under the age of 18.
Follow BAe Systems’ lead on pensions
It is good to see that some employers actually respect their employers and will do everything in their power to ensure the likes of pensions stay as stable as possible for the future.
It would be even better to see a few other major players in employment follow BAe Systems’ example.
Follow BAe Systems’ lead on pensions
Unite, the UK’s biggest aerospace and engineering union, today (Monday) welcomed BAe Systems’ announcement that it will not be changing any benefits or asking workers to increase their contributions.
This good news comes despite an increase in deficit of the BAe pension scheme.