Tuesday, 9 November 2010

A pension surprise

Over the last year or so I have looked at the Financial Times online, mainly with a view to us doing some preparation for the future. This morning I spotted an article "Pensions: a long and a happy one - but not for trustees"

This article can be found at:

The article mentioned the company that I work for, but what was especially interesting was that a barrister had ploughed through old cases to provide examples to illustrate the risk of pension scheme members living longer than expected.

The fascinating example provided was of a widow from the US called Alberta Martin who died in 2004 who had been in receipt of a war pension from her late husband who had fought in the American Civil War of 1861-1865.

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