Quote:
Originally Posted by Paul
It seems unlikely they will be gone, but worth a lot less in relative terms.
I am very unlikely to still be around in 2070 to know either way, my kids would be in their mid 70's (if still alive).
Perhaps they will link them to work place pensions in some way.
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I think so too. That's the state pension will be lower relatively. I hope they don't means test it against what else you've saved for pensions, because I would feel pretty cheated if the money I put away each month for my private pension is reason not to give me the state one.
The Tories' introduction of the workplace pension is going to be one of their best policies in the long term. It will be huge help later if/when the state pension reduces.
This generation and the ones that follow are going to have to get used to paying towards their own pensions, I think.