We live in hard times, and they are about to get even harder for the British elderly.
New EU rules will see pensions being slashed by up to 20 percent, as the rules will force annuities to plummet. Millions of pensioners are set to be affected by these draconian and unjust rules.
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| OAPs will find themselves up to £1,167 worse off EVERY year! |
It has been a great pain to us to see regular pension payments being cut already through the Bank of England's half baked Quantitative Easing programme, but now we are being forced to accept (or rather our Government are too weak-kneed to stand up to the EU) the Solvency II rules, which are due to take effect in 2014. These rules will force pension funds to hold higher proportion of “safe” Government bonds. What that basically means is :- OAP's with a pension pot adding up to around £100,000, will be £292 to £1,167 worse off, EVERY year.
The Solvency II is the brain child of the tyrannical EUSSR, who are once again interfering in British sovereignty affairs, to the direct detriment of the British people. The rules that Brussels are imposing and the government are allowing to be put into place, will mean insurers holding more capital against annuities, which would mean smaller pensioners. Another big blow to our already hard hit pensioners.
A Dr Ros Altmann – Director general of Saga-had this to say:
“As a result of quantitative easing which has forced gilt rates down so pensioners are getting less in retirement for the money they have spent their whole lives saving. The EU rules will make the value of pensions fall further. Its a series of pieces of bad news for British pensioners. As a result of these rules everyone will get much less pension out of their fund. We don't know exactly how much less. We are anxious that the UK Government should stand up for UK pensioners.”
A society should be judged on how well it treats its most vulnerable citizens, and as we can see, the vulnerable in a EU ruled, liberal society, are targeted simply for being easy targets. We see bankers and politicians causing so much pain and misery nationally and internationally, and yet they are still shovelled billions into their pockets.
It personally does raise the question: what is the point in contributing to a pension fund when you will be no better off than those who don't save for the future.
We are in a very unfortunate situation in this country, where we have no political party that has the courage to stand up against the EUSSR, apart from the National Front. In our 45 year history, we have stood up for British sovereignty.
We are the party which looks out for your rights, and for your future.
