Payment protection claims or loan refunds could help many people in the UK supplement their retirement fund, as pension payments are set to be reduced.Speaking about the decision to change the indexing of pensions from the retail prices index to the consumer prices index, Brendan Barber, the general secretary of the Trades Union Congress, said everybody who has a retirement scheme would be affected by the government's decision."Ministers keep saying that they are cutting public sector pensions for the benefit of private sector workers, but this move hits both," Mr Barber added.The decision went to a judicial review where the court found the choice was not made solely to improve the lives of pensioners, but to help reduce the national deficit accrued since the banking crisis.Dave Prentis, general secretary of Unison, commented that the move will cost British pensioners thousands of pounds and could force many into poverty. Charles BakerCharles is a reputed financial analyst with decades of experience under his belt.
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