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Post by William Wilson on Apr 2, 2019 15:38:36 GMT
Disappointed to have lost my final salary pension but when you think about it they are not really sustainable, what with people now living so much longer (Despite Tory NHS cuts 😉!) Not sustainable, could have been mitigated by going average salary, increasing the pension age or regular and more realistic valuations. Not helped by the premium holiday granted in the 1990s which left schemes without contributions for years as it was assumed growth would be fine. 🙄 Well, there you go. Assuming growth will be fine, not wise. Lots of people who were persuaded to take out endowment mortgages in the 80s and 90s, could tell you that. Assuming ANYTHING when it comes to matters fiscal, is not wise. That`s why I`ll wait to see what happens after Brexit, rather than catastrophize over it beforehand.
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Deleted
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Austerity
Apr 2, 2019 15:59:48 GMT
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Post by Deleted on Apr 2, 2019 15:59:48 GMT
Not sustainable, could have been mitigated by going average salary, increasing the pension age or regular and more realistic valuations. Not helped by the premium holiday granted in the 1990s which left schemes without contributions for years as it was assumed growth would be fine. 🙄 Well, there you go.  Assuming growth will be fine, not wise. Lots of people who were persuaded to take out endowment mortgages in the 80s and 90s, could tell you that. Assuming ANYTHING when it comes to matters fiscal, is not wise. That`s why I`ll wait to see what happens after Brexit, rather than catastrophize over it beforehand.
A huge difference on gambling on returns on investment with no previous evidence and discussing the known impacts of say, WTO tariffs. Or the loss of access to signed and existing trade treaties. |
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Austerity
Apr 2, 2019 16:55:51 GMT
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Post by stuart1974 on Apr 2, 2019 16:55:51 GMT
Not sustainable, could have been mitigated by going average salary, increasing the pension age or regular and more realistic valuations. Not helped by the premium holiday granted in the 1990s which left schemes without contributions for years as it was assumed growth would be fine. 🙄 Well, there you go.  Assuming growth will be fine, not wise. Lots of people who were persuaded to take out endowment mortgages in the 80s and 90s, could tell you that. Assuming ANYTHING when it comes to matters fiscal, is not wise. That`s why I`ll wait to see what happens after Brexit, rather than catastrophize over it beforehand.
Not sure what your background is, but if you are suggesting a connection between slick salesmen convincing you of a promise of an unrealistic increase in value of your policy, who then disappear and are unaccountable for their actions when reality bites and those promises don't materialise and your house is now at risk, then I can see the analogy 😎 |
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Austerity
Apr 2, 2019 19:50:37 GMT
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Post by Officer Barbrady on Apr 2, 2019 19:50:37 GMT
Final salary pension scheme? One of the biggest costs to government. It was, yes. Five years now, since NHS Direct went the way of Monty Python`s parrot.
Dont worry they are putting it back by stealth to what it used to be. They cant say that though of course, the Tories, so they are calling it something different now. The rascals. |
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