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The UK has a system of voluntary private pensions, and up until 1997 or so, the country was considered to be in a good position when it came to funding retirement. A combination of the government changing the tax rules (so it took 40% of an individual's pension fund upon retirement :eek:) and...

A couple of posters (above) mentioned how shifting demographics are going to have an impact on pensions. One of the senior opposition MPs in the UK wrote a book called The Pinch about this, and it discusses how the Baby Boomers have ended up with the majority of the wealth in the country, whilst...

Going slightly off-topic... Apparently there have been some very big bets taken by hedge funds that the Euro will fall to parity with the US Dollar in the not too distant future. Soros is linked to this group. I don't think that the Euro is about to break up, and Greece is being somewhat...