By now you’ve heard about the financial industry’s financials industry report which found that the average worker earning around £15,000 a year had been laid off over the last three years.
It’s no surprise that, while this was happening, the average UK worker earned £7,500 a year more.
In the UK the average wage for a full-time employee was £15.90 an hour in January 2016, but by the end of the year the rate had dropped to £14.00 an hour.
It’s not a good news story, particularly given that, for many people, this is the first year in which they’ve been paying into their pension fund.
A survey conducted by the CEPO in 2017 found that 62 per cent of those surveyed had been “struggling” or “not getting on” with their pension, with the average pensioner having taken out £8,800 in 2016-17, up by £2,500 in the last year.
It is time for it to be reformed.” “
The pension system has failed the vast majority of people.
It is time for it to be reformed.”
“I think there are three key issues in terms of the pension system,” says Andrew Smith, chief executive of the Cee Foundation.
We have to make this more flexible so people can move into a different sector, like teaching, and be able to retire with dignity.” “
We need to make sure that we are paying people who have earned their pensions at a level that is sufficient to support them in retirement.
We have to make this more flexible so people can move into a different sector, like teaching, and be able to retire with dignity.”
So, what happens if we have a system in place that is not flexible enough for all of the people who are making their pensions?
Andrew Smith says that, “The first step is to look at the basic pension system to make it as flexible as possible.
The system needs to be a bit different for people who do not have a pension.
There is an argument that older people should not be getting pensions that are more generous than the rest of us, but there is also the argument that pensioners shouldn’t be forced to pay more into the system.” “
The second thing is to get people to understand the issues around the age pension.
There is an argument that older people should not be getting pensions that are more generous than the rest of us, but there is also the argument that pensioners shouldn’t be forced to pay more into the system.”
The third thing is the role of the taxpayer.
This is where the tax system plays a key role.
“If we are going to be able for people to retire comfortably in their 50s and 60s, the first step to doing that is to change the system,” he says.
“It is a really big part of what we need to do to get the best possible outcome for our pensioners.”
If the government can do that, then the private sector, and indeed, everyone, will benefit.
“I think the public sector, in terms in terms, of pensions, is in the best position to do that.
It already has a strong base of pensioners.
I think the private pension system is very vulnerable.
We need to look to the private market and ask the right questions about what can be done there.”
That is why, on this issue, Andrew Smith is backing the UK Government’s plan to give the private private sector a more competitive market place in which to compete.
This is something that the government has already begun to implement.
The UK Government is investing £3bn into the private companies that have already set up shop in the private sectors, with £2bn of this coming from the private enterprise levy and £1bn from the UK Treasury.
However, the government is not going to do everything in its power to help the private and public sectors.
The UK has a lot of advantages, Andrew says.
It has a highly educated workforce, which is a big advantage for the economy, and it has a large number of private firms, which means it is a more secure environment for investment.
However, he says, there are other factors that will also make a big difference to the UK economy.
“The public sector is a very good place to be for small firms.
The private sector has a much lower level of skills and a lot less money invested.
They have much lower pay and they are less competitive.”
What’s the plan to tackle inequality in the