Don't want to upset anyone but....

[macafee2]

Originally Posted by MSS

This cannot happen for the majority because a private pension is nothing more than a long-term savings scheme where the pension funds are invested in the stock market. The majority of people do not earn enough to save a large enough pension pot from which to draw a pension over an extended period. My own feeling is that the top 20% or so of the working population will be able to retire early, as they can now, but the majority will end up working until the age of 70ish.

I just hope we don't end up with the Russian system where I believe the pensionable age is higher than the average life!

oh god I hope no recommends that last line to one of the political parties.

macafee2