"Neil Williams" wrote in message
oups.com...

Personally, I find a money purchase scheme invested in a number of
places to be more secure, even if it won't necessarily give as good a
final figure.

Neil

Thanks for the measured response. Sounds as if you have the money to invest.
As a driver i am lucky enough to earn a good salary but there are many on
low salaries that work on both the underground and overground railways. With
little or nothing to pay into the money purchase schemes it seems that they
can look forward to a less prosperous retierment than at present under the
final salary scheme. That dosent seem right to me.

At the last valuation of the scheme i am member of there was a small short
fall which was put right by raising the contibutions over the course of a
couple of years. Although the scheme is in a good financial state they still
wanted to introduce a money purchase scheme. A lot less exspensive for the
company ofcourse. It takes 40 years continuous contributons to get the full
benefit from a railway pension. Thats 40 years, as someone put it, serving
the public. I think railman and women deserve a decent retirement after that
sort of commitment.

There will be those that disagree of course.

Still, i hope your scheme comes up with the goods for you when the time
comes and if you should need a chauffeur or gardner, perhaps you could bear
me in mind, because i shall more than likely be skint.

Regards
Clyde