This morning I attended the Lord Digby Jones breakfast meeting at the NEC, Birmingham. Harvey Nash have hosted the event for the last few years and generally it’s an opporutinity to mix with a few fellow minded people and also hear from Lord Jones. If you ever get the opportuinity to hear him speak it’s well worth it, even if you don’t fully agree with views on certain issues.
He touched on public sector pensions and the changes that will inevitably appear in that arena. An intersting point was made regards the age you’ll live to.
Apparently a child born today has a 1:4 chance of living to a least 100 years of age. If the said child then goes to work within the public sector under the current system, they would receive their pension for a longer period than they had worked. Whether you agree with the changes to public sector pensions and the point at which you take one it’s irrelevant. Think about taking your pension for longer than you’ve worked. Years ago people died a lot earlier meaning there was a lot less drain on the pensions pot – how things have changed.
He also made a few comments around teaching and taxation but I’ll leave them for another time, once I’ve figured them out in my head.
