David Cameron threatens crackdown if over-55s are barred from accessing pensions
Fat and happy: Clearly David Cameron celebrated being elected as Prime Minister for the first time with an extended pie-eating binge.
One thing you can always say about David Cameron – he talks a good fight.
There’s usually no substance behind the rhetoric, though.
His pension is perfectly safe – he has been an MP long enough to have secured the gold standard of UK pensions.
He won’t care about yours.
David Cameron has threatened a Government crackdown on pension providers that are failing to offer all of the freedoms promised by the Conservatives ahead of the general election.
The Prime Minister pledged to keep a “careful eye” on the companies after The Daily Telegraph disclosed that most over-55s were unlikely to be able to access their retirement funds as easily and cheaply as George Osborne, the Chancellor, had promised.
Mr Cameron said that the pensions providers must not use the reforms simply to find “a new way of charging people”.
Source: David Cameron threatens crackdown over-55s barred from accessing pensions – Telegraph
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The over 55s who cash in their pensions are being lured into a trap of 55 per cent tax on their lifetime savings to money in old age. Plus the admin costs of cashing in the pension.
That is what Mr Cameron is after.
Pensioner benefits and the state pension is being cut NOT increased next year to over half of new pensioners, older than the women denied state pension between 2013 and 2019 onwards.
Abolition next year of Pension Credit (savings) for new pensioners, hits the so-called hard working people the Tories say they are the party of.
Guarantee credit Pension Credit is threatened by Universal Credit and by changes in complex conditionality, even eventually to the over 75s.
The £155 per week not even hlf will get and is, anyway, less than the current state pension and Pension Credit combined.
That is the con of the flat rate pension. Lowest forecast seen so far is £8.39 per week after 45 years in work.
Share this petition widely, so people are made aware that they will be getting less money not more. And many men and women will be getting nil state pension for life.
See why at end of my petition, in my WHY IS THIS IMPORTANT sectionat:
https://you.38degrees.org.uk/petitions/state-pension-at-60-now
I would much rather Cameron did something about the con artists and criminals preying on anyone they think may have a pension to cash in.
My wife was getting pestered by them before she had even thought about what to do with several pension schemes she had maturing.
I found out that when I was receiving unsolicited mail shots from financial outfits (despite being registered with Mail Preference Service) if I scrawled a “cease and desist” order all over their correspondence then subsequently returned in the prepaid envelope they kindly furnished it didn’t take long for the others to realise my address is a black hole for their unwanted bumf. Problem with our Corporate State is all our details are shared between corporate interests for payment. If you have to furnish any personal details to private interests, make sure the information you give is totally fake. Screws up all those (often illegal) private databases.