Alexmartin
Registered User
- Messages
- 61
I agree, Purple - this pilfering of private assets is plain wrong. It almost
sounds unconstitutional. From an optics view point, would they be
better off reducing the tax relief avaiable on pension contributions? That's not a rhetorical
question.
This is simple THEFT, similar to the THEFT of bank accounts in Cyprus.
You miss my point. It was recognised that the 0.6% was OTT for poorly funded schemes and the legislation surprisingly changed the existing rules of decades by allowing Trustees to reduce benefits. My guess is that this 0.15% will be deemed to be small enough not to repeat that facility for Trustees.I don't think the legislation will allow DB schemes to pass on the effects in reduced benefits
My deferred DB pension is being reduced each time the .6% is applied so yes it is passed directly to the person that has paid into it for decades, not just deferred, existing members and serving staffs entitlements also just to clarify.
You miss my point. It was recognised that the 0.6% was OTT for poorly funded schemes and the legislation surprisingly changed the existing rules of decades by allowing Trustees to reduce benefits. My guess is that this 0.15% will be deemed to be small enough not to repeat that facility for Trustees.
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