UK PENSIONS ´BLACK HOLE´EVEN BIGGER
MILLIONS OF PEOPLE LOOK TO MOVE THEIR PENSIONS!
FUNDING GAP IN UK PENSIONS CONTINUES TO RISE, DESPITE MAJOR CASH INJECTION
Pension deficits still widening at top UK companies.
By Sarah Mortimer, LONDON | Tue Aug 6, 2013 12:46pm BST
(Reuters) - The pension funding gap of Britain's top companies has widened in the past year despite billions of pounds of corporate cash being injected into retirement schemes, a report said on Tuesday.
Pension consultants LCP said pension scheme deficits for companies in the UK's FTSE 100 blue chip stock index .FTSE grew to 43 billion pounds at June 30 compared with 42 billion a year before, as fund assets didn't generate enough cash to cover obligations.
"Pension planning continues to be blighted by seemingly constant regulatory and legislative change," said LCP partner and report author Bob Scott.
At current rates, people will be 30% worse off when they reach retirement, so a man who expected to receive £6000 per year, will only get £4200!!
The problem is not helped by the fact that UK pension fund managers and Pension Trustees are among the most expensive in the world. This could see a typical pension fund ending up with fees of 80%, before any retirement income is paid!!
NO WONDER UK PENSIONS ARE THE POOREST IN EUROPE!!
IS THERE A SOLUTION TO THIS PROBLEM, IF I HAVE A FROZEN PENSION IN THE UK?
If you have a frozen pension in the UK, it´s time to take control now and move your fully protected benefits to a better scheme outside the UK, which is UK Government approved and provides far superior benefits and flexibility!
By moving your UK pension now, you could expect to see 30% more income from your pension, without having to pay a penny more into it.
WOULD YOU LIKE 30% MORE INCOME FROM YOUR PENSION, WITHOUT HAVING TO PAY ANY MORE CONTRIBUTIONS? YES, OF COURSE YOU WOULD!!
TALK TO THE EXPERTS NOW, FOR COMPLETELY FREE INFORMATION ON HOW YOU CAN INCREASE YOUR RETIREMENT INCOME!