What I mean is that I just read an article on a Pension Release Site at GroveFP about the situation that Pensioners are now finding themselves in in the UK. It says that rising costs of living and lower than forecasted pension payouts are making lives more and more difficult.

I could not help but seeing some irony there…. The site has disclaimers all over it which warn that:

if you go ahead with the pension release process you may end up with less money that if you had waited for the policy to mature..

I mean how ironic when the government and large businesses are spending pension funds anyway, when pensions paid out to long term savers ( ie who have made lifetime sacrifices ) are far lower than promised/ advertised, when taxes on fuel are cranked up to the max….. what sort of incentive is there for saving for tomorrow? What sort of example will be set to future generations when we see our grandparents/ parents in poverty after a lifetime of contributions.

?