The most impactful pension news you'll never hear.

[Ginge R]

Most policy gets informed, not by politicians, but by actuaries. And the Government's actuary has just concluded that NIC need to rise by 5% in order to maintain just the basic state provision.

Me, I think higher NIC is just a ploy to get people to retire. But the government will probably combine Income Tax and NIC? We cannot live in a low tax environment forever, that's the reality of this. Means tested state pension, anyone?

https://www.gov.uk/government/uploads/system/uploa...

[Ginge R]

http://www.telegraph.co.uk/pensions-retirement/new...

[Ginge R]

DELETED: Comment made by a member who's account has been deleted.

Inter-generational watfighting won't help. As one of the youngest baby boomers, I fully expect my state retirement benefits to be means tested, and that's how it should be. I'm ready for it. As an adviser, it's fair to suggest that my view on trust planning has changed a lot these past couple of years. The emphasis is subtly changing from appreciation for the sake of it, and sitting on big pots, to more and more emphasis on flexible asset preservation. The picture is fluid and dynamic.

Let's not forget though, the eldest cohort of boomers went from a wartime footing still, into a workplace that was also austere and just as uncertain. The younger generation has also benefited greatly from growth derived from the application of boomers. Sure, boomers may have simply benefited from being born into, and associated with, a flourishing post war economic moment in time, but you can only play the cards you're dealt. It's unfair to generalise and characterise thus.