Independence and pensions (Andrina Tulloch, Jean Marwick and George Jacobson)
In a recent critical report ICAS, the body representing Scotland’s accountancy professionals, have said that the White Paper [Scotland's Future] does not answer key questions about pensions after independence.
They note that:
• Basic questions such as who would pay state pensions have not been answered;
• “There remains no clear plan” for dealing with the problem of cross-border pension schemes first identified by ICAS last year;
• The transition period for cross-border schemes suggested by the SNP is “wholly insufficient”;
• The plans for shared pension regulation after independence are “questionable”.
Shadow pensions minister Gregg McClaymont said: “When Scotland’s accountants warn that pensions are at risk from Scottish independence, we need to listen to them. This report exposes the white paper for what it is: an uncosted wish list without a shred of credibility.
“The security of workplace pensions, which are guaranteed in the UK, become a matter for negotiation with 28 EU member states.
“ICAS are clear; there are no answers on who is responsible for your state pension, funding the multi billion pound deficits, or the future of the UK guarantee which protects Scottish savers.”
The system in the UK works well. Why do we want to put the pensions of hard-working Scots at risk?
Regardless of reassurances, the SNP promises do not stack up. So believe them or the experts the choice is yours.
Take heed and vote “no” at the referendum.