{"id":46,"date":"2012-04-10T10:19:22","date_gmt":"2012-04-10T10:19:22","guid":{"rendered":"http:\/\/www.thebizsense.com\/uk\/?p=46"},"modified":"2012-04-10T10:19:22","modified_gmt":"2012-04-10T10:19:22","slug":"threat-to-pensions","status":"publish","type":"post","link":"https:\/\/www.thebizsense.com\/uk\/news\/threat-to-pensions","title":{"rendered":"Threat to pensions"},"content":{"rendered":"<div id=\"attachment_47\" style=\"width: 541px\" class=\"wp-caption aligncenter\"><a href=\"http:\/\/www.thebizsense.com\/uk\/files\/2012\/04\/pensioners.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-47\" class=\" wp-image-47 \" title=\"Threat to Pensions\" src=\"http:\/\/www.thebizsense.com\/uk\/files\/2012\/04\/pensioners.jpg\" alt=\"Threat to Pensions\" width=\"531\" height=\"332\" srcset=\"https:\/\/www.thebizsense.com\/uk\/files\/2012\/04\/pensioners.jpg 590w, https:\/\/www.thebizsense.com\/uk\/files\/2012\/04\/pensioners-300x187.jpg 300w\" sizes=\"(max-width: 531px) 100vw, 531px\" \/><\/a><p id=\"caption-attachment-47\" class=\"wp-caption-text\">Threat to Pensions<\/p><\/div>\n<p>In some countries &#8211; Argentina, Hungary, Portugal &#8211; governments have already expropriated private-sector pension funds as a means of dealing with serious financial problems. There are \u201cwarning tremors\u201d that such policies of seizure could spread to developed nations, warns FT commentator Tony Jackson. <!--more--><\/p>\n<p>In the UK governments have long regarded pension funds as an irritant: \u201cpots of gold sitting passive in the economic landscape, when there are exciting policy uses to which they might be put.\u201d<\/p>\n<p>Unfunded pension schemes, popular with governments because they hide the build-up of long-term liabilities, could also be hit \u201cat the stroke of a ministerial pen\u201d even though they have no assets to be seized, as benefits can be slashed, reducing their current financing costs.<\/p>\n<p>CopyRight \u2013 OnTarget 2012 by Martin Spring<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In some countries &#8211; Argentina, Hungary, Portugal &#8211; governments have already expropriated private-sector pension funds as a means of dealing with serious financial problems. There are \u201cwarning tremors\u201d that such policies of seizure could spread to developed nations, warns FT commentator Tony Jackson.<\/p>\n","protected":false},"author":1,"featured_media":47,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[9,1,10],"tags":[11,12,34,192],"class_list":["post-46","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-news","category-pension","tag-britain","tag-crisis","tag-government","tag-pension"],"_links":{"self":[{"href":"https:\/\/www.thebizsense.com\/uk\/wp-json\/wp\/v2\/posts\/46","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thebizsense.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thebizsense.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thebizsense.com\/uk\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thebizsense.com\/uk\/wp-json\/wp\/v2\/comments?post=46"}],"version-history":[{"count":2,"href":"https:\/\/www.thebizsense.com\/uk\/wp-json\/wp\/v2\/posts\/46\/revisions"}],"predecessor-version":[{"id":49,"href":"https:\/\/www.thebizsense.com\/uk\/wp-json\/wp\/v2\/posts\/46\/revisions\/49"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thebizsense.com\/uk\/wp-json\/wp\/v2\/media\/47"}],"wp:attachment":[{"href":"https:\/\/www.thebizsense.com\/uk\/wp-json\/wp\/v2\/media?parent=46"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thebizsense.com\/uk\/wp-json\/wp\/v2\/categories?post=46"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thebizsense.com\/uk\/wp-json\/wp\/v2\/tags?post=46"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}