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  Alex this is old news
  
  That is why past and present governments have been looking to increase progressively the age at which one can draw the state pension. The fundamental problem for the state pension is that it is paid from current revenue, therefore with growing numbers of pensioners, longer life expectancy and less people of working age... you can do the maths and see why there is a desire to raise retirement age.
  
  Private pension provision is an entirely different matter and as I said in post #27 you appear to be confusing debt and deficit and that deficit is based on future not current liabilities. Even small changes in the markets could wipe huge chunks off the deficit (or add to them), so for most schemes it is only when they close that you get the true picture and even then there are a number of investment managers who run LDI schemes that look to over a 10 year period get closed schemes to the point where assets match liabilities.

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