Equitable Grief.

The contrast between the way in which the British Government has splashed out money supporting the bad banks and building societies and has ignored the claims of Equitable Life Pensioners, is stark.

The decision by the policy holders action group to challenge the British Government's decision NOT to implement the Parliament Ombudsman's report is disgraceful and another setback for over a million people about to reach pension age and retire.

Many people now face a ruined retirement, having lost some, if not all of the private pensions - Lets face it, the Old Age Pension is completely inadequate for people to have a happy and enjoyable retirement.

It seems that if you work hard, put money aside to ensure you have a good and happy retirement, you are being put in an unfair position - Whilst greedy bankers, who are to blame for this financial mess, are still paying themselves huge BONUSES.

It's not fair, it's not right, it's an outrage.

According to the Pension Protection Fund, Defined benefit schemes that are in the red, saw the funding deficit soar to £ 253.1 Billion during March 2009, three times higher that March 2008 £ 81.5 Billion.

The PPF which was set up to ensure that people did not lose their pension if their company went bust, said, 90% of the 7,400 schemes that belonged to the PPF scheme, faced a shortfall.

Will the PPF have the teeth to help pensioners who are in the scheme, to get the British Government to pay out their lost money - that remains to be seen, I really hope so, otherwise the government will be inundated with claims from new OAP's for benefits such as pension credits, etc.

What a mess - it makes me wonder whether it's worth while making provision for your old age, you may as well spend all your money enjoying yourself and claim for every benefit you can from this British Government - let's face it, we are the Soft Touch of Europe.

Bring on the next election!!

Build Up A Second Income Now To Supplement Your Pension Fund.

For those people who have worked hard and put aside money each month towards a pension to enable them to enjoy their retirement, this financial crisis must be very worrying because they have no idea what has happened to the pension pot - what part of it has just disappeared down a big black hole.

There are also company pension schemes which are also in jeopardy because the companies themselves may become bankrupt and the pension which should be kept aside, may have already been spent. It's a bad situation and, seemingly, out of our control.

Now is the time to do something about earning a second income which can be built up over the next months and years, that will augment the loss of private pension and could, if worked at, become very lucrative indeed.

Have you ever thought of having your own Website, selling products and services on the internet. You dont need to cary stock, you can work from the comfort of your own home and at your own pace, you earn commissions automatically and your overheads are minimal.

By buying a ready made website, with proper back up training, you can learn to drive traffic to your website and earn money. Does that sound OK. Well it is do-able, and in just a short period of time and training, you can earn that extra cash.

If you want a retirement with money to spend on those holidays you always promised yourself, you will need money to have your wishes come true. You cannot rely on your pension fund to give your that (unless of course you are Sir Fred Goodwin) but you can do something to help yourself to the retirement you have worked so hard for and have earned.

Don't worry if you are not a computer whiz kid - just good basic computer literacy is fine, but please ensure you get the right training to help drive traffic to your website, otherwise, no-one will see it.

70% of people alreay buy online - that is where the bargains are - THEY COULD BE BUYING OFF YOUR WEBSITE!!

Start a Second Income Now To Make Up The Shortfall In Your Pension Fund.

Thanks to the bankers and other financial institutions, hard working people's pension funds have just disappeared down a big black hole - the money is lost forever.

It's a very difficult fact to swallow but what it means is that thousands of people looking to come to retirement age - with a nice private pension, along with the meagre state pension, will now find a shortfall in the income they expected and planned for.

Now is the time to do something to improve your income for your retirement - you can get your own website selling goods on the internet on a commission basis - no stock to carry - no people to employ - you can work at your own pace and in the comfort of your own home.

70% of people already buy online - this trend will continue - especially as people are looking for bargain. Where do they look - Online is the obvious choice, because it is easier than walking round loads of shops and comparing prices - people can do that at home - on the internet.

Maybe the thought of having your own website is a bid daunting - well it doesn't have to be because there are companies who will sell you a ready made website - selling products of your choice - and they give you full back up training in how to drive traffic to your website. The more people look at your site - the more sales you make. Basically it can work on autopilot once you have set it up - you don't have to be a computer whizz kid either.

Arriving at retirement age with less income that you need to enjoy a good quality of life, is no fun, do something about it now - make yourself financially independant and look forward to the future with confidence.

You have worked hard all your life - someone has caused you to lose money - it's not your fault but you CAN DO SOMETHING ABOUT IT. Start to earn extra money - build up your income steadily and once the recession is over, your sales will go through the roof. Use this time to learn a new skill - have your own website - get proper back up training and get yourself the retirement you always dreamed of.

It's Pension Poverty As Funds Suffer 42Billion Hit.

According to an article in the Daily Express newspaper yesterday, during January to February 2009 pension assets plunged from £410 billion to £ 368 billion.

This huge drop is due to the global stockmarket turmoil and the 10% drop means the value of four million workers pension accounts has slunped by two-thirds since the beginning of the credit crunch.

These pension-pot figures are a massive blow to hard hit workers who are already fighting off redundancy threats, pay freezes and record low returns on savings.

Ofcourse, none of this is the fault of the workers who have put aside money from their incomes to ensure their retirement is a happy and fulfilling time, but it is those same people who will suffer because of the credit crunch and stock market downturn.

I personally, do not even pretend to understand how all this could happen so quickly, but I do know that I have done something about it to stave off the worst of the credit crunch by having my own website selling products on the internet, at bargain prices.

People who have some cash to spare and need a particular item for themselves or their home, are going on the net to look around for the best possible bargains to be had, and because of the credit crunch, sellers are having to reduce their prices to stay in business.

Now is the time to look after your future, learn new skills and create a second income to bolster up the beleagured pension. Lets face it, the UK state pension is very poor and just gives people enough to exist on, with nothing left to enjoy the latter part of your life with dignity and freedom to do those things you always wanted to do when you had the time - like going on a long hall trip etc.

Don't wait until you come to retirement before doing anything about your income, start now to earn that extra cash - buying a website with full back up training to drive traffic to your site is the perfect answer to getting a second income, you do not need stock or staff to pay, you can do everything yourself in the comfort of your own home and at your own pace.

70% of people already buy off the internet - they could be buying off your website TODAY.

SUPPLEMENT YOUR PENSION TODAY

Will your pension fund be safe in this present crisis?

Hard working people are seeing pension funds disappearing down a big black hole perhaps now is the time to take action, or we might as well have spent all our capital and relied on state benefits and other handouts rather than being responsible for our financial security.

How long will this recession last is anyone's guess. Maybe now is the time to seriously consider getting a second income to supplement what may a woefully inadequate income,because it has become apparent that pension funds are not going perform in the way we were led to believe.

A ready made website could be the answer for many, they are designed for people to learn at their own pace, in their own home, no stock to, carry, no staff to pay and very low overheads.

Start building a second income now to ensure a stress free and financially secure retirement.

2MILLION WORKERS POSTPONE RETIREMENT

According to the Daily Express newspaper dated March 4th in excess of 2 million workers have been forced to abandon retirement plans as a result of the financial crisis.

Research from insurer Prudential indicates that the falling value of pension funds is the main reason many people feel they are unable to retire with adequate income.

And the devastating effect that this week's stock market falls will have on UK pension savings is likely to make matters worse.

Of those workers deciding to delay their retirement, the majority said that their pension holdings would not recover until at least 2012.

Pru spokesman Martyn Bogira said: "It is a reflection of the difficult economic situation that so many workers, and particularly those in the private sector roles who do not benefit from public sector final salary pension schemes, are trying to delay retirement.

Could this be a time for pensioners to consider a way of supplementing their income when retirement arrives and take the worry out of their later years?

Having your own ready made website selling products directly to the public, on a commission earning basis can supplement your income and give yourself some financial independence - It's worth looking into.

SHARES CRASH PUTS PENSIONS AT RISK

HARD WORKING Britons were last night facing a devastating impact on their pension funds as £50 billion was wiped off the stock market in yet another Black Monday.

The FTSE 100 plunged to a six-year low while shares on New York's Dow fell to their lowest mark since 1997.

Markets across Europe fell with a stark warning that the worst may be yet come. The losses will leave many Britons worrying about whether they will have enough to live on in retirement because their benefits schemes rely on the performance of stock market investments.

Many of those coming to retirement age may have to postpone cashing in their pension pot until the stock market recovers enough to enable pensioners to live a reasonably comfortable retirement.

Now would be the perfect time to acquire a second income to sustain a decent quality of life in retirement, possibly a ready made website selling products to the public, which can earn good commissions - all this can be done at your own pace and in your own home without the responsiblity of hiring staff or premises.

Will Your Pensions Fund Pot Be Safe?

It seems nothing is safe from the financial crisis we are all experiencing now.

Hard working people who have put aside money into a pension fund to enable them to have a comfortable and financially secure retirement, now find all their plans could be under threat through no fault of their own.

This government is bailing out the banks that have caused this mess in the first place, now it really is time the Government stood up for the decent hard working British worker and protected the pension funds.

It seems to me that the respectable and honest workers of this country who make a real effort to do the right thing and make themselves financially independent by sacrificing a portion of the wages each month into a fund, are the ones being unfairly hit hard by the financial crisis.

Pension funds seem to be disappearing down a big black hole - now is the time for real action to be taken or we all may as well have SPENT all our money and relied on state benefits and hand outs rather than doing the responsible thing by making ourselves independant financially.

How long this recession will last is anybody's guess, maybe now is the time to start thinking about getting a second income to sustain ourselves through our retirement because it is plain that the pension funds we hoped would sustain us may be much smaller then we hoped for.