Pension schemes in danger of COLLAPSE !

[Social Media]

 

[userabcd]

Topic headline from the mirror

 

"Where is Liz Truss? PM 'missing' as UK descends into chaos after disastrous mini-budget"

[proton]

Bring back Boris!

[Iamfalang]

people vote, you wear the colors of your flag, parents tell you to trust, internet says all conspiracies...   and then you pray

 

don't worry, noodle soup in BKK might only go from 20 baht to 25 and stay there for a few more years.   

 

this is why you need to be rich.  Bitcoin 10 to 10,000....... easy, outperform those corrupted markets

[BritManToo]

Most private pension schemes are guaranteed by the UK government.

Mine is guaranteed up to 75%, so I don't really care if the scheme goes bust or not.

 

At worst I would lose 175 pounds a month, but 20% of that would be tax.

So my actual maximum loss would be 140 pounds/month.

No big deal.

[VinnieK]

Duh..

Gooberments have allowed these funds on the casino table.

What could go wrong ????

..on the same tack, why should blood-sucking parasites (ie speculators) be allowed to decide how much we pay for basic commodities.

I could go on...

Derivatives, CDS, ETFs....a witches brew.

 

[Chomper Higgot]

  On 9/29/2022 at 7:56 AM, BritManToo said:

Most private pension schemes are guaranteed by the UK government.

Mine is guaranteed up to 75%, so I don't really care if the scheme goes bust or not.

 

At worst I would lose 175 pounds a month, but 20% of that would be tax.

So my actual maximum loss would be 140 pounds/month.

No big deal.

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Perhaps it doesn’t bother you, but I’m sure it bothers very many recipients of Private Pensions in the UK.

 

I wonder how many of whom are Tory voters, or swing voters?

 

 

[BritManToo]

  On 9/29/2022 at 8:17 AM, Chomper Higgot said:

I wonder how many of whom are Tory voters, or swing voters?

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Last time I voted was for Arthur Scargill's Socialist Labour Party.

[Chomper Higgot]

  On 9/29/2022 at 6:56 AM, proton said:

Bring back Boris!

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I’m sure he thinks he’s on his way.

[Chomper Higgot]

  On 9/29/2022 at 8:19 AM, BritManToo said:

Last time I voted was for Arthur Scargill's Socialist Labour Party.

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Which won’t save you from the idiot who’s now in Number 10.

[nigelforbes]

Sensationalism, the news only applies to final salary schemes and even then there is a government safety net. Nothing to see here, move along.

[Chomper Higgot]

  On 9/29/2022 at 8:29 AM, nigelforbes said:

Sensationalism, the news only applies to final salary schemes and even then there is a government safety net. Nothing to see here, move along.

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Millions of pensioners are in receipt of pensions from final pensions schemes, millions of workers are relying on their final salary pension schemes to support them in old age.

 

Many will be Tory voters many will be swing voters. 

 

And you want us to believe there is nothing to see here.

 

Is there any level of incompetence from this Government that gets through to you?

[nigelforbes]

  On 9/29/2022 at 8:34 AM, Chomper Higgot said:

Millions of pensioners are in receipt of pensions from final pensions schemes, millions of workers are relying on their final salary pension schemes to support them in old age.

 

Many will be Tory voters many will be swing voters. 

 

And you want us to believe there is nothing to see here.

 

Is there any level of incompetence from this Government that gets through to you?

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THIS is not about this government, this is about whether pension schemes are in danger of collapse....they aren't and if they were, there's a safety net....move along now before I have to nick you for disturbing the piece.

[Chomper Higgot]

  On 9/29/2022 at 8:37 AM, nigelforbes said:

THIS is not about this government, this is about whether pension schemes are in danger of collapse....they aren't and if they were, there's a safety net....move along now before I have to nick you for disturbing the piece.

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The pension schemes were doing fine.

 

The idiot PM messed with the economy and all of a sudden the Bank of England has to spend tens of billions to prop up Sterling and prevent pensions from defaulting.

 

The safety net (another massive liability on the economy) would leave millions with significantly reduced pensions.

 

Truss just can’t help winning voters over.

[Lacessit]

  On 9/29/2022 at 7:56 AM, BritManToo said:

Most private pension schemes are guaranteed by the UK government.

Mine is guaranteed up to 75%, so I don't really care if the scheme goes bust or not.

 

At worst I would lose 175 pounds a month, but 20% of that would be tax.

So my actual maximum loss would be 140 pounds/month.

No big deal.

Expand  

The GBP has lost nearly two baht in exchange rate in the space of a few days, that's no big deal either?

[In Full Agreement]

  On 9/29/2022 at 7:00 AM, Iamfalang said:

people vote, you wear the colors of your flag, parents tell you to trust, internet says all conspiracies...   and then you pray

 

don't worry, noodle soup in BKK might only go from 20 baht to 25 and stay there for a few more years.   

 

this is why you need to be rich.  Bitcoin 10 to 10,000....... easy, outperform those corrupted markets

Expand  

You are correct in that  Bitcoin touts don't seem ruffled that the coin is tanking.

[BritManToo]

  On 9/29/2022 at 8:21 AM, Chomper Higgot said:

Which won’t save you from the idiot who’s now in Number 10.

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Sadly the left and the right only forward candidates that are idiots, and IMHO not worth voting for.

Corporate greed is destroying our civilisation, which is why all the pension schemes (and everything else) are on the verge of collapse.

[Chomper Higgot]

  On 9/29/2022 at 9:17 AM, In Full Agreement said:

You are correct in that  Bitcoin touts don't seem ruffled that the coin is tanking.

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I think it has something to do with ‘Bitcoin’ ownership being ‘virtual’, or something like that.

[BritManToo]

  On 9/29/2022 at 8:59 AM, Lacessit said:

The GBP has lost nearly two baht in exchange rate in the space of a few days, that's no big deal either?

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All currencies/pensions/investments/bitcoin will go the same way.

Nothing I can do about it so pointless to worry. 

[Chomper Higgot]

  On 9/29/2022 at 10:52 AM, BritManToo said:

Sadly the left and the right only forward candidates that are idiots, and IMHO not worth voting for.

Corporate greed is destroying our civilisation.

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I’m not buying the ‘they are both as bad as each other, but I do agree with you on Corporate greed.

 

As Chomsky says, representative Government isn’t perfect but it offers the possibility of citizens being protected against Corporations.

 

The people telling you not to trust Government are almost entirely on the rightwing corporation backing side of politics.

 

There’s a reason for that.

[Mac Mickmanus]

  On 9/29/2022 at 7:00 AM, Iamfalang said:

people vote, you wear the colors of your flag, parents tell you to trust, internet says all conspiracies...   and then you pray

 

don't worry, noodle soup in BKK might only go from 20 baht to 25 and stay there for a few more years.   

 

this is why you need to be rich.  Bitcoin 10 to 10,000....... easy, outperform those corrupted markets

Expand  

Although Bitcoin has lost about 60 % of its worth in the past ten months 

[BritManToo]

  On 9/29/2022 at 10:56 AM, Chomper Higgot said:

The people telling you not to trust Government are almost entirely on the rightwing corporation backing side of politics.

 

There’s a reason for that.

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The left are just as bad, and their candidates are equally in the corporations pockets.

It was the Labour government (Gorden Brown) that destroyed all the final salary pension schemes.

[Chomper Higgot]

  On 9/29/2022 at 10:57 AM, BritManToo said:

The left are just as bad, and their candidates are equally in the corporations pockets.

It was the Labour government (Gorden Brown) that destroyed all the final salary pension schemes.

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It was Gordon Brown that established the Pension Protection Scheme you are relying on to protect 75% of your pension.

 

  On 9/29/2022 at 7:56 AM, BritManToo said:

Most private pension schemes are guaranteed by the UK government.

Mine is guaranteed up to 75%, so I don't really care if the scheme goes bust or not.

 

At worst I would lose 175 pounds a month, but 20% of that would be tax.

So my actual maximum loss would be 140 pounds/month.

No big deal.

Expand  

 

[ThailandRyan]

  On 9/29/2022 at 7:00 AM, Iamfalang said:

people vote, you wear the colors of your flag, parents tell you to trust, internet says all conspiracies...   and then you pray

 

don't worry, noodle soup in BKK might only go from 20 baht to 25 and stay there for a few more years.   

 

this is why you need to be rich.  Bitcoin 10 to 10,000....... easy, outperform those corrupted markets

Expand  

Noodle soup is already at 45 baht a bowl at a minimum, you must be eating a one spoonful bowl.

[CharlieH]

  On 9/29/2022 at 11:20 AM, ThailandRyan said:

Noodle soup is already at 45 baht a bowel at a minimum, you must be eating a one spoonful bowl.

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Had that for lunch with "moo daeng" and lukchin 25 baht ???? (not bkk though)

[brewsterbudgen]

The only good to come out of this, is a Labour landslide in 2024 and the Tories remaining out of office for years - of forever if Starmer can be persuaded to go for PR.

[Mac Mickmanus]

  On 9/29/2022 at 11:20 AM, ThailandRyan said:

Noodle soup is already at 45 baht a bowl at a minimum, you must be eating a one spoonful bowl.

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And they've reduced the size , less noodles and meat in a bowl

[Denim]

  On 9/29/2022 at 11:31 AM, Mac Mickmanus said:

And they've reduced the size , less noodles and meat in a bowl

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If you're lucky. Some places only a teacup or no bowl at all. Have to lick it off the table.

[Leaver]

  On 9/29/2022 at 7:56 AM, BritManToo said:

Most private pension schemes are guaranteed by the UK government.

Mine is guaranteed up to 75%, so I don't really care if the scheme goes bust or not.

Expand  

 

Unless the government defaults, then all bets are off.

 

[Leaver]

 

I'm starting to think the UK should have remained in the EU and asked for a bail out.  ????