Today I'm angry about.....

[plymouth wanderer]

Just when things were looking up

Fvcking bwfcdan94 comes back

[thebish]

here's Tango in action....

http://coreyandjayshow.iheart.com/cc-co ... e=10502990

[Montreal Wanderer]

Morons! I hope they fall next time and drown, these dick 'eds put services under unwarrented danger!

I somehow feel you were not a little quiet boy, hoboh. Did you ever do anything risky when you were a stupid kid?

Tell the truth!

There is also the possibility of 'photoshopping' the sea.

[Bijou Bob]

Not particularly my anger but the knobhead's sat opposite me now. I'm surprised I've never posted about any of his Daily Mailesque rants before.

In most cases is held at a mere 1% from the employee, though rising oveer the years. People will STILL be able to opt-out, if they are daft enough. Over 11m employees are without pension funds & I'd think this was something which should be supported by all people.Obviously I don't know the details here, but if this is excersing him to the point of rant well ..... then again, rants are more fun when they're illogical.

I'm unsure if Ive misunderstood this however, say you manage to scrape together a pension fund of £100k. You are currently obliged to take out an annuity with the money, which at current rates will exchange your hundred grand for approximately £3500 per year of a pension. If you retire at 67 as most of us now will, given that the average life span for a male in the UK is 76 years, you will likely receive 9 x £3500, or £31500, leaving the insurance company trousering £68,500 of your hard scraped cash. Where's the good sense in that?? If the government dropped the requirement for an annuity, you could buy a small semi for that money, rent it out at 500 quid a month in perpetuity and still leave the capital untouched for your children.

[bobo the clown]

Not particularly my anger but the knobhead's sat opposite me now. I'm surprised I've never posted about any of his Daily Mailesque rants before.

In most cases is held at a mere 1% from the employee, though rising oveer the years. People will STILL be able to opt-out, if they are daft enough. Over 11m employees are without pension funds & I'd think this was something which should be supported by all people.Obviously I don't know the details here, but if this is excersing him to the point of rant well ..... then again, rants are more fun when they're illogical.

I'm unsure if Ive misunderstood this however, say you manage to scrape together a pension fund of £100k. You are currently obliged to take out an annuity with the money, which at current rates will exchange your hundred grand for approximately £3500 per year of a pension. If you retire at 67 as most of us now will, given that the average life span for a male in the UK is 76 years, you will likely receive 9 x £3500, or £31500, leaving the insurance company trousering £68,500 of your hard scraped cash. Where's the good sense in that?? If the government dropped the requirement for an annuity, you could buy a small semi for that money, rent it out at 500 quid a month in perpetuity and still leave the capital untouched for your children.

I think you've misunderstood. I don't know where your sums come from.

But, hey ... rather than get into that anyone CAN still opt out. Just that now you have to opt OUT not opt IN as now, which of course many, many people never get round to. Do that & you lose the equivilance put in, for free, by the employer.

However, if that's your preference & you think you can get better returns then be my guest. But, at last, there is an option for all people.

[Lord Kangana]

Its a reasonable point re investments v pensions. It might be preferable to spread the risk though, and mix savings, pension and investment. If possible.

I moonlight giving sound financial advice when not cooking btw.

[Hoboh]

i think i'd rather have the pound now. than maybe get it later, possibly, if they still have it and not lost it in a iceland based pyramid scheme.

plus you might die in the meantime.

Bang on fella, most of the pensions banded about now will be worth feck all in 20 years look at the moaning and groaning about the ones we took out 20 or 30 years earlier.
They are only good till some bent t*at mp's/goverments decide to change the rules and why the feck can you not use some of your funds in emergancy cases like my mate who is now unemployed as a nice stash and would use some to pay off his mortgage to stop the feckin' bank reposseing it thus going rental and costing the country with housing benefits it's feckin daft!

[CrazyHorse]

I'd just like to add that my angry colleague already has a stupidly excessive pension pot as he works for a major electricity generator/energy supplier. His angry rant was because no one informed him this new scheme was kicking in and how he felt that the union (which he isn't even a member of) should have told him.

Meanwhile, he likes to bend my ear about it like I give a toss when I myself have a personal pension worth fck all despite me paying in more than I pay for my mortgage.

[BWFC_Insane]

i think i'd rather have the pound now. than maybe get it later, possibly, if they still have it and not lost it in a iceland based pyramid scheme.

plus you might die in the meantime.

Bang on fella, most of the pensions banded about now will be worth feck all in 20 years look at the moaning and groaning about the ones we took out 20 or 30 years earlier.
They are only good till some bent t*at mp's/goverments decide to change the rules and why the feck can you not use some of your funds in emergancy cases like my mate who is now unemployed as a nice stash and would use some to pay off his mortgage to stop the feckin' bank reposseing it thus going rental and costing the country with housing benefits it's feckin daft!

Cos its a pension.

And cos if that was allowed every time someone was a bit "short" they'd dip into their pension fund. Eventually there'd be nowt left.

And we'd have tens of millions of pensioners in 30 years with no means to support themselves at all........

[Lord Kangana]

We do anyway though.

[BWFC_Insane]

We do anyway though.

Well quite. But it'd get worse.

And we either leave these old people to die, in cold shitty houses. Or the state would have to support them.

And Hoboh wouldn't like that very much I shouldn't think......

[Lost Leopard Spot]

He'd be out shooting them... Habeus burglaris.

[Lord Kangana]

We do anyway though.

Well quite. But it'd get worse.

And we either leave these old people to die, in cold shitty houses.

We do anyway though.

[Bruce Rioja]

Has anyone looked into pooling little pension pots vs leaving them where they are?

[BWFC_Insane]

Has anyone looked into pooling little pension pots vs leaving them where they are?

In the same boat here Bruce. Not sure what to do. In some cases you don't have a choice......

[Lost Leopard Spot]

Has anyone looked into pooling little pension pots vs leaving them where they are?

Yes. I paid a financial advisor, and he recommended just that (pooling). mine are now all in Skandia; three different managed fund portfolios (high risk 20%, medium risk 50%, low risk 30%). It's working out so far, as I've had it for four years now and the combined total when it all went in was ~£7,500 and it is currently (as of last month) calculated at ~£29,000. As I'm putting in just over £115 per month at present that is one hell of an increase on return compared to the pissy accumulation my four little pots were previously accumulating. More risky, but hey the risk is somewhat managed.

[Montreal Wanderer]

That is a very high rate of return, LLS. My investments with a financial advisor would not appear to do so well. I have had years of 25% and 15%, but 7-10% is more usual. In 2011 I actually lost 0.3% January to December (the stock market lost 11%), while this year I'm on track for about 10%, so only 5% per year. Given my age my investments are now more conservative than they were.

I don't think I understand UK pensions. Over here employer run pension plans are of two sorts - defined benefit and defined contribution. With a defined benefit plan one gets a pension which maxes out after 35 years service, at which point it is generally an annuity of 75% of the average of one's last five years earnings. Depending on the employer, employees may or may not have to contribute. With defined contribution you put in 5% of your salary and the employer matches it, and it is handled like a mutual fund. When you retire you can use the accrued amount to purchase an annuity of Life Income Fund. My University was defined contribution and, after the ages of 45 and 55, they more than matched my contributions. There was an element of defined benefit in that, if the plan did badly enough, there was a minimum guarantee at age 65 of an annuity equal to 70% of the average of the last five years. This never happened until 2008 (a bad year). We also had the choice on investing in equity and fixed income at 75-25, 50-50, or 25-75, plus the option of going with the committee's suggestions which tended to be 67-33 (balanced fund). Over the years equity has done about 25% better than the balanced fund.

In addition we can contribute to Registered Retirement Savings Plan, which like pension plans, are tax deductible. The revenue chaps allow a maximum annual contribution of pension and RRSP contributions combined. So if your employer does not have a pension plan you can put much more in an RRSP. Obviously pension plans are preferable since employers contribute as well. You can borrow against your RRSP to purchase a house but must pay it back just like a mortgage - the advantage over a mortgage is that it is interest free.

Certainly over here it is tremendously important to invest in any sort of pension plan, given the tax savings and future benefits, provided the funds are invested sensibly and not in high risk high return ventures like Icelandic banks.

[bobo the clown]

I'd just like to add that my angry colleague already has a stupidly excessive pension pot as he works for a major electricity generator/energy supplier. His angry rant was because no one informed him this new scheme was kicking in and how he felt that the union (which he isn't even a member of) should have told him.

Meanwhile, he likes to bend my ear about it like I give a toss when I myself have a personal pension worth fck all despite me paying in more than I pay for my mortgage.

Aaaah.

Well .... and I'm amazed you need this advice, tbh .... tell him to shut the feck up !!

[Verbal]

Nick Griffin's reaction to the gay couple winning the B&B refusal case

https://twitter.com/nickgriffinmep/stat ... 6390010880" onclick="window.open(this.href);return false;


https://twitter.com/nickgriffinmep/stat ... 3366228992" onclick="window.open(this.href);return false;


https://twitter.com/nickgriffinmep/stat ... 5663690753" onclick="window.open(this.href);return false;


https://twitter.com/nickgriffinmep/stat ... 8422213632" onclick="window.open(this.href);return false;


Would quite happily throttle the c*nt.

[Prufrock]

How is he not in fecking jail?!

He's an odious cnut for the content, but what the hell, free speech, but giving out their addresses in a not-too thinly veiled called for harassment?!