This petition was submitted during the 2010-2015 parliament
Petition protect private pensions
More details
Currently private pensions can go up and down and may pay LESS than invested
Protect them as state pension is not enough to survive:
1. make management charges to be paid from profit not fund value [i.e. no profit in last year = no charge to be paid to fund managers]
2. set targets - funds must raise above inflation
3. make them inheritalbe at all times - even if
person started to take pensions and then died and there is no spouse to take over.
and make funds selection much clearer - now everybody musty have financial knowledge to set up such pension in the beginning.
This petition is closed This petition ran for 6 months
3 signatures
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10,000 signatures required to get a government response