Quote Originally Posted by BIG H View Post
Pensions used to be great security, not so much now. So many people have lost huge amounts becuase of losses or chnages in pension schemes. I have a pension, but only because it's a company one and if I pay in 5% of my salary they match it. If they didn't, I wouldn't bother and would get an ISA or put the money in a box under my bed. Long term, property is the best pesion, but not many people can afford to invest in another (if at all) property
Yes, pensions are gradually being decimated by governments in collusion with big finance. Also even if you are sensible about go into things like compound savings that accumulate, you are still being negatively affected when governments allow inflation to hit 10%. They seem to be trying to kill the working classes and then suffocate anyone who was sensible enough to tide money over. Modern capitalism is a brutal and cutthroat thing.