As more people opt out of private pension(s) due to the cost of living crisis, protecting the long-term plan behind the triple lock on state pensions to bring state provision up to the levels across Europe, is ever more vital!.
If people are going to be *more* dependent on the state pension, then it needs to be protected not reduced.
This engineered inter-generational dispute does *not* serve younger voters' interests in a poverty-free retirement.
#pensions #politics
https://www.bbc.co.uk/news/articles/c68xk0ndqz8jo
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How does the UK handle private pensions if the company providing the pension goes under?
That's been a real issue in the US.
@david_chisnall thanks! I'll look forward to reading up on this.
@volkris @ChrisMayLA6
It's quite complicated but there are various layers of protections that were mostly introduced as a result of some big scandals like Maxwell.