Ponty
pfm Member
Inclined to agree.
Though I see that largely as an indication of how poorly workers are served by defined contribution pensions - how many people on £35k will have the means to stash away the £1m they'd need for a similar income in retirement?
I certainly don't resent public sector workers with DB schemes.
Neither do I, it’s part of the deal, but must cost a fortune. Salaries aren’t potentially as high (although that’s dependent on the role) but the pension is comparatively fabulous. Guaranteed and risk free too. That’s worth a hell of a lot.