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SPUGGIE J · 19-04-2007, 16:08

I have sympathy for those that lost their pensions when companies went bust. I have a company private pension which like most private set ups (ours has private consultants) there is a risk of it going down as well as up. As govements in the past in a some what nieve way "ignored" company practices around pensions we need stronger and tougher laws to seperate pensions completely from firms so that the funds are not used as a "rescue fund" in the same way NI payments have been by Govenments since there inception. Whether we will have totally independant company pensions is debatable but if you are willingto gamble on making a sacrifice today for the sake of life tommorow then let there be solid protection. We cannot afford to bail out these people by "technical redistribution of funds" from one area to another without a net loss of investments.

19-04-2007, 16:08	#8
SPUGGIE J God Member Join Date: Aug 2005 Location: Not sure anymore Posts: 9,009 Blog Entries: 10 Liked: 1 times Rep Power: 515	Re: Greg Pope I have sympathy for those that lost their pensions when companies went bust. I have a company private pension which like most private set ups (ours has private consultants) there is a risk of it going down as well as up. As govements in the past in a some what nieve way "ignored" company practices around pensions we need stronger and tougher laws to seperate pensions completely from firms so that the funds are not used as a "rescue fund" in the same way NI payments have been by Govenments since there inception. Whether we will have totally independant company pensions is debatable but if you are willingto gamble on making a sacrifice today for the sake of life tommorow then let there be solid protection. We cannot afford to bail out these people by "technical redistribution of funds" from one area to another without a net loss of investments. __________________ All comments above are nothing to do with here and therefore not the resposibility of the Accrington Web site owners admins or mods. THEY ARE MINE!!!!