kingofturds

iTrader: (1)

Wonder if Gordon brown is watching robbin barsteward

FlightMan

Scary viewing.

FlightMan

F@ck me, how depressing was that?

alcazar

iTrader: (2)

Why would the Scotch pension thief bother watching? It's not HIS fault, and anyway, HIS pension, and Bliar's and all MP's is safeguarded

Alcazar

kingofturds

iTrader: (1)

Its not nice watching proud men who have into pension schemes for 40+ years, reduced to tears because their pensions are worth **** all At least the company bosses and theiving mp's have nice big pension pots.

Vegescoob

For the "Greater Good".

pslewis

Just at the time that the staff where I work are being told that they must now pay for their NON-CONTRIBUTORY Pension Scheme!! If I wasn't already retired I would be REALLY, REALLY pissed off!!

CharlesW

Gordon stole it!

lozgti

And they keep telling us we should do more to prepare for our retirement

I think Gordon Brown is the worst Chancellor this country has ever had and his legacy will be the worst fallout ever when the whole caboodle comes crashing down.

fitzscoob

Group suicide pact at 70 years old, seems about my best option.

I started my pension at 18 years old (8 years ago) even now thinking about its projected value when I look to retire it hardly seems worth it.

I would be better off taking £100 each month and putting it on a long odds horse.

TopBanana

You can take out a SIPP these days and invest it pretty much how you like

Leslie

I thought it was HIS fault, largely.

I see that the National Debt is now grossly increased to £500 Billion + with all his overborrowing and they are frantically trying to find cuts to save money-not in their takings of course!

I can see a "Callaghan moment" approaching when the IMF tells him to get lost when he wants more credit! "Crisis, what crisis?" Just as the house of
cards finally tips over!

Les

alcazar

iTrader: (2)

Sarcasm, Les, I was using sarcasm

Alcazar

r32

Guy at work was on this, his previous employer stole all the money .......
he has a bleak retirement to look forward to.

kingofturds

iTrader: (1)

He is going to have to keep borrowing how else is he going to fund all this lovely public sector spending. Surely he would not ask us to pay more taxes

Chip

Pensions. Another New Labour triumph

Chip

rossi_p

iTrader: (26)

I believe taxes are at an all time high as well.

Not necessarily in terms on income tax or any specific tax, but rather the many stealth taxes he has in place. I believe the only thing you can do which doesn't get taxed is to breath - although they are probably working on that.

Agree with Lozgti that he is the worst Chancellor ever, and will quickly follow that esteemed title with the worst PM ever.

EddScott

This is true. And you no longer need 100K+ in your fund to make it an attractive alternative to run of the mill pension products. Costs have reduced significantly since Pension Simplification.

Can someone with proper information on the history of pensions confirm something to me?

There was a big issue over advisers taking people out of their company schemes into private schemes. Advisers got it in the neck and had to pay out because the then PIA (now FSA) decided advisers had made a mistake and cost these people money.

Are these not the same company schemes that have been so badly managed and eroded??

Seriously its an honest question.

mart360

you would be better off seeking financial advice!

i read an article some time back that said if an 18 year old invested £100 pcm,

they would have over 1 million by the time they came to retirement


Mart

Petem95

This country is just screwed lets face it. Small wonder increasing numbers of people (including me) "want out"

When Gordon's 'economic miracle' comes crashing down things are really going to change in the UK, and the country may never fully recover as business's will start up overseas instead of here.

It just doesnt work like that. Unless you have a final salary pension, what the fund will be worth when you come to retire isnt fixed. I have a friend who's been paying into his pension scheme since 20 - hes now 26 and the fund is worth LESS than what he's paid in, and this isnt an uncommon situation. He stopped paying into the fund and bought a BTL instead

I have no pension, and wont be bothering to start one - the amount you need to pay in to "probably" get a small amount to retire on is crazy.