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    Alexander - you have the answers in previous posts.

    There is nothing at all new in this.

    People living longer in retirement is one of the factors causing a problem and we knew back in the 80's that the numbers of people in work and paying the taxes to pay the pensions were shrinking relative to the increasing numbers of retirement age.

    This is why Mrs T encouraged a massive boost in personal pensions and other private provision that led to Britain having the best funded private pensions in the world by the early 90's.
    This is why defined benefit company pension schemes started to give way to defined contribution schemes in the 90's a process accelerated since 1997.
    This is why taxing pension schemes the way Brown did was so crazy.
    This is one of the reasons that boosting working age benefits by Brown was so mad creating an even bigger deficit to be funded by those in work.

    This is why more people need to save and invest more for their retirement, first so they might have a chance to retire before state retirement age and secondly to help give them a decent lifestyle in retirement.

    The issues around pensions are being addressed as previously explained.

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