Tuesday, 3 March 2009

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.

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