ONE of the ambitions
movement is to increase the state pension. The UK is notorious for its meagre state pension provision – the lowest inPayment of state pensions contributes to fiscal deficits. While some of such a deficit can be reduced by recovering some of the money through taxation, unless we have our own currency and the possibility of financing the payment of state pensions through our own central bank, then the Scottish government would be forced to borrow in another currency..
This is why a majority of people take out some sort of second pension – mostly through employer-based schemes . This reform would result in the reversal of how pensions are provided – it would be the state providing the top-up element rather than the basic element. Pension scheme transfers are already quite common within the existing pension system when workers change jobs.
For workers in “defined contribution” schemes, membership of an NPF would free them from the risks associated with the investment of their personal “defined contribution” scheme savings.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Glasgow: Scottish park named one of the UK's best Easter pub walksA popular park in Glasgow has been named one of the best Easter pub walks in the UK - see what was said about it.
Read more »
The league who told Var to do one has a message for Scottish footballCivil war has broken out on these shores as managers and players fume at video technology on a weekly basis.
Read more »
Tourism boost as Scottish golf course named one of world's bestA SCOTTISH golf club is on course for a tourism boost after being included in Golf World’s 'Top 100 Society Venues'.
Read more »
Scottish garden one of the best to visit in early springSee the garden in Scotland named one of the best to visit in early spring in the UK.
Read more »
Scottish Singer's Song Reaches Number One in Saudi ArabiaThe Scots singer owns a five-bedroom pad fit for pop royalty which she shares with husband, Ross County star Richard Foster and their two pooches. She is only 36-years-old but is already a veteran of the UK charts who continues to delight her army of loyal fans across the globe. As she turns 17 this year, there’s been an apt celebration as it’s been used for Brit nominees Switch Disco’s new single Sleep Tonight - which was released last month. She found herself right back at the top of the music charts almost two decades on from her first foray into the music business, as she reached number one in Saudi Arabia after the song went viral on TikTok. She is loving the new chapter in her long-running career. She said ahead of the release of the Switch Disco remix: “It still blows my mind that a song I wrote in my Glasgow Bedroom when I was 16 has resonated with so many people for the past years. It’s so exciting to hear someone put their own spin on it and I hope a whole new generation of people get to enjoy it.
Read more »
Scottish pub named one of the best in the UK to travel forSee the Scottish Highland pub 'worth travelling for' named one of the 10 best in Britain.
Read more »