Why you should ditch your old pension fund
People who have a centurylink pension are paying a lot more than their contemporaries for the benefits it provides.
And the latest data shows that in a big way.
In the last 12 months, the pensions of people with a century link are worth about £7,000 more than those who have no pension at all.
That is despite the fact that people with this link are also more likely to live in areas with more poverty and unemployment, the report says.
There are a number of factors behind this, according to the Institute of Economic Affairs.
It said that the pensioner population was likely to be poorer than the general population, and the cost of pensions could be higher than average.
For example, people aged between 55 and 64 are more likely than those aged over 65 to have a household income below £15,000 a year, according the report.
The pensioner generation is likely to spend more of their lifetime in the early years of their life than other generations, the study found.
The data comes from the Office for National Statistics, which has published the figures on pensions for the past decade.
Its chief statistician, Dr Richard Wigley, said: “It’s not just the pensions that have changed, but the way in which we’re collecting them.”
What we know is that people have been saving for the long haul, and it is not just about how long you’re going to live, but also how much you’re actually going to have to save.
“That’s the difference between those who are earning more and those who aren’t.”
He added: “We have a lot of people in this country who are saving for retirement, and yet they don’t seem to be contributing towards their own retirement, at least not in the way that we would expect.”
The pension system has to change.
There’s a whole lot of money being invested, but it’s not making any real difference.
“A spokesman for the Pension Rights Alliance said: ‘We’re seeing an erosion of the pension for the pensioners.
It’s not enough for people who have nothing to do with pensions, so if we want to save for retirement and still get a pension it needs to be a little bit better than it is now.’
People who can’t or won’t save are the ones that get hit by the pension levy.’
However, the government said it was not the role of the government to collect pensions.
A spokesman said: “There is no government pension and no one is required to take it.
The Government’s pension scheme is a range of pensions and it includes the Age Pension, Lifetime and Working Tax Credit, as well as the Universal Credit.
“This is not the responsibility of the Treasury or the government pension scheme.”
All these payments are made by the Treasury to pay for the government’s spending on services for the people who are currently eligible to receive them.
“We will continue to provide those who need it with support as they need it, including through the Universal Jobseeker Allowance.”