Industry e-petitions gain increasing support

This week has seen rapidly rising support for two recently launched e-petitions. One has been set up to call for pension indexation to be returned to the Retail Prices Index (RPI), while another urges the Government to make financial education compulsory in schools.

The first, set up on 10 August by Jim Singer, argues that with the U-turn to Consumer Prices Index (CPI) measures, the Government has broken its promises and shattered the pension expectations of savers led to believe their pensions would likely increase annually with the RPI. The petition states that the RPI measure should be 'reintroduced without delay to ensure that the spending power of these Public and Private pensioners is maintained'. At the time of writing, the petition had 12,629 signatures.

The second e-petition was launched last week by Martin Lewis, founder of Money Saving Expert. It suggests that we are a 'financially illiterate nation' and it is essential that we ensure 'every child in the country gets a basic understanding of personal finance & consumer rights before leaving school'. At the time of writing, the petition had 34,933 signatures.

Both e-petitions need 100,000 signatures to be debated in the House of Commons. Use the links in the first paragraph to add your signature.

SOURCES:

http://epetitions.direct.gov.uk/petitions/1535

http://epetitions.direct.gov.uk/petitions/8903(before

http://www.professionalpensions.com/professional-pensions/news/2102999/-petition-slamming-rpi-cpi-attracts-thousands-signatures

http://www.moneymarketing.co.uk/1036373.article?cmpid=MME01&cmptype=newsletter&email=true

Important Information:

Pointon York SIPP Solutions Limited does not give advice, and this article should not be construed as advice. Before making any financial decision we strongly recommend that you seek financial advice and ensure you understand the risks of your decision. To find an adviser in your local area visit www.unbiased.co.uk, an independent search website.