Why Britain's Pension System Is Structurally Unjust скачать в хорошем качестве

Why Britain's Pension System Is Structurally Unjust

People assume pensions are “saved money” — a pot with their name on it, safely invested for the future. They aren’t. In this video, I explain how UK pensions actually work, why defined contribution pensions are inherently risky, and why most pension money fuels speculation rather than real investment. I look at the state pension, defined benefit schemes, and defined contribution pensions and explain who really benefits from the current system, why it is unjust, and why reform is now unavoidable. This is not pension advice. It is a political economy explanation of why pension insecurity is being built into the system by design. Let us know your thoughts by voting in our poll:    • Запись   00:00 — Is my pension safe? The real question 01:10 — The 3 UK pension types (and why all depend on others) 02:05 — State pension: what it pays (and why it’s not enough) 03:25 — The triple lock: inflation protection you can’t rely on 04:35 — Defined benefit pensions: why they’re “best” (and why rare now) 06:10 — Private DB risk: employer failure + partial protections 07:05 — Defined contribution pensions: the risk is dumped on you 08:40 — Why a market crash can wreck retirement timing 09:35 — What DC pensions actually invest in (shares, property, bonds, gilts) 10:55 — Why these assets often don’t fund real investment 12:05 — “Your pension is financial speculation”: the core critique 13:10 — Demographics + anti-immigration: fewer contributors, more retirees 14:35 — Student loans + lower contributions: another structural squeeze 15:25 — The £70bn+ pension subsidy: who really benefits? 16:35 — Reform 1: cut excessive relief for the wealthy (free up £20bn+) 17:25 — Reform 2: raise the state pension floor (dignity + security) 18:05 — Reform 3: reconnect pension saving to productive investment (25%) 19:10 — Reform 4: accountability (leasehold, rents, harm today for “gains”) 19:55 — Practical step: ask about safer fund options (not advice) 20:25 — Poll + comments 20:38 — End TRANSCRIPT A transcript for this video is available at: https://www.taxresearch.org.uk IF YOU WANT TO WRITE TO YOUR MP ABOUT ISSUES IN THIS VIDEO If you want to write a letter to your MP on the issues raised in this blog post, there is a ChatGPT prompt to assist you in doing so, with full instructions, here. https://www.taxresearch.org.uk/Blog/2... HOW TO SUPPORT US Please consider donating: https://ko-fi.com/taxresearch ABOUT RICHARD MURPHY Richard Murphy is Emeritus Professor of Accounting Practice at Sheffield University Management School. He is director of Tax Research LLP and the author of the Funding the Future blog. His best-known book is ‘The Joy of Tax’. This video was edited by Thomas Murphy. RICHARD MURPHY ON BLUESKY: https://bsky.app/profile/richardjmurp... OR ON MY BLOG: http://www.taxresearch.org.uk/Blog/ HIT SUBSCRIBE & GET NOTIFICATIONS Subscribe and get notified of new videos released. INTRODUCTION:    • Welcome to my channel - Richard J Murphy -...   PLAYLISTS: The Wealth Series    • The Wealth Series   Ecenomics    • Ecenomics   Britain    • Britain   Tax    • Tax   MMT    • MMT   Money    • Money   Climate Change    • Climate Change   USA    • USA   Labour    • Labour   The Trump Administration    • The Trump Administration   #Pensions #UKPensions #RetirementPlanning #StatePension #DefinedBenefit #DefinedContribution #PensionCrisis #CostOfLiving #TripleLock #Inflation #FinancialMarkets #MarketCrash #Investing #PensionFunds #CityOfLondon #EconomicJustice #TaxRelief #WealthInequality #PublicServices #PoliticsOfCare #Neoliberalism #Savings #BondMarket #GiltMarket #HousingCrisis #LeaseholdReform #RentierEconomy #GreenNewDeal #PublicInvestment #RetirementSecurity