Proceeding contribution from David Mowat (Conservative) in the House of Commons on Tuesday, 20 December 2011. It occurred during Ministerial statement on Public Service Pensions.

Public Service Pensions

An inflation-proof pension of £20,000 a year taken at the age of 67 would cost about £500,000 to purchase on the open market, yet the average pot in the private sector is about £30,000 for those people who have any provision at all. This difference is exacerbated by the charging structure in the UK fund management industry, which cripples private provision. Now that the Chief Secretary has more time on his hands, having concluded these negotiations, will he address this issue with colleagues because it is a disgrace?

Secondary information

Type: Proceeding contribution
Reference: 537 c1213
Session: 2010-12
Chamber / Committee: House of Commons chamber
Subjects: Age Contributions Civil servants Civil service Increases Local government NHS Workplace pensions Pensions Public sector Pension rights Teachers Reform Retirement Uprating Consumer prices index
Link: View this Proceeding contribution on www.publications.parliament.uk

Public Service Pensions

Secondary information

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