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Full state pension?

Discussion in 'Retirement' started by Compassman, Aug 4, 2019.

  1. PeterQuint

    PeterQuint Lead commenter

    Why can’t they? See my post above.

    From 2032 onwards the number of pensioners should be falling, and life expectancy has already stopped increasing. The changes made increasing the pension age to 67 were calculated using numbers which haven’t changed. Indeed, since the Cridland report (on which the pension age increases were based), projected costs have already started to fall.

    And finally, we already have the triple lock, and costs can be reduced by reigning that in; I’m sure most of us would rather lose the third lock, rather than work to 75.

    The idea that pension costs are destined to continue increasing forever is a myth.
    eljefeb90 likes this.
  2. Gainingcontrol

    Gainingcontrol New commenter

    2032 is a long way off in politics. We are in the middle of a financial collapse that central banks have been trying to control since 2008. There is so much debt out there that we now have actual rather than nominal negative interest rates as they try to keep the debt ship afloat while creating more 'money' (debt). The financial wheels are held on by one loose nut! All currencies are being devalued to hide the scale of debt (UK national debt nearly £2 TRILLION). At best we will be paid our face value pension in devalued currency.
    Last edited: Aug 27, 2019

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