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ranbotrader
Member since May 2012
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The pensions mess: can gold help? - Alasdair Macleod - Finance and Eco.

Pension deficits?
Why would any responsible government EVER permit any business to hold pension contributions made by employees? Utter madness given that businesses are incorporated entities and are sometimes scuttled rather than fail....resulting in ANY entitlements disappearing.
Pension contributions should be held with either specific retirement fund businesses which are strictly audited twice a year and/or a government administrated fund which is locked up so that governments themselves cannot cannibalize them.
I find stories about pensions quite offensive. Mostly they centre around trying to justify why pensions should not be paid citing supposed economic catastrophes.....created by governments through poor government.
People work a lifetime for their measly small pension entitlements. leave them alone!!!!

Commented 2874 days ago

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Beginning of the headline :The British have recently seen two unpleasant examples of the cost of pension fund deficits.A deficit at British Steel, estimated to be about £485m, was followed by a deficit at British Home Stores of £571m. In both cases, pension fund deficits have scuppered corporate rescue plans, because understandably no buyer will take on these liabilities.These two cases are the small tips of a very large iceberg, and reflect problems not just in Britain, but anywhere where pension schemes exist. They have... Read More

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