Tony Blair's announcement yesterday that a system of compulsory pensions would not be introduced without the electorate first having a say in its implementation has led to the government being accused of ducking the issue of the pensions crisis.
I must say I am staggered that the government keeps ducking issues that are going to seriously effect our economy in future years. It seems to me that as Prime Minister, and as an elected government, you need to make decisions that are unpopular at some point. However, Mr Blair suggests that he should ask the voters on their opinion.
If I take the analogy that I run my home as Mr Blair runs the country, I too have to make decisions that are unpopular with the members of the household, for instance last year we were looking at taking our three children to Florida for a two week holiday, I researched this and after paying for the flights, accommodation, spending money and of course the large cost of our admission to all the attractions we were faced with a cost of nearly £8,000. So on balance I decided that it was too expensive and we would defer this for a year or so.
Now if I used Mr Blair's copout and said I would put it to a vote, and lets not forget that I have three children aged 11,10 & 7 plus there mother who wants to do anything that will make them happy, we would have been going to Florida even if it meant we had to create some debt to do it.
I appreciate that this is not exactly the same as the Pensions problem but if you ask the electorate if they would like to spend some of their money for their future to help alleviate the nightmare that will come in future years if we don't start saving for retirement now, the answer that the vote will bring is NO.
It seems that the government wants to take short term vote winning decisions. If we continue to make decisions that will help a government when the next general election comes around we will all be facing many problems not just pensions. Long term decision have to be made that are sensible, workable and above all fair to all.
Finally, the state should be there to step in and help those who can’t help themselves. The current pensions system was set up many years ago and can’t possibly cope with the different circumstances that we are faced with now and in the years to come.
Please lets not have any more copouts and lets make a decision popular or not for the good of the country, economy and all of us.IFAonline
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till