Do you want to discuss boring politics? (30 Viewers)

[Grendel]

For those on limited means and finishing work (thus removing their source of income), when they use the pension pot to buy an annuity. They can't afford to wait for the pot to recover, neither can they take the risk of having an unsecure return based on market fluctations. So they have to use the amount of money in the pot, at the time it is at a low point, to buy a more fixed, usually inflation adjusted, monthly payment. So those payments, and any tax free lump sum they take, will be smaller as they're having to cash in when the market is at a low point.

Of course, those entering that stage should be having it moved into less volatile instruments to minimise the risk, but that is not always the case and with employer pensions it is often just left to whatever the pension provider decides to invest it in.

Ah so it’s literally an annuity. You do realise no one would ever advise that? It’s a tiny percentage who do this? It’s the equivalent of an endowment mortgage these days

 

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[Marty]

Would it be a little selfish to hope it gets resolved soon ... as my pension pot has dipped by £10k? !!

Mines gone up 5k, it doesn't matter anyway unless you plan on retiring next week.

 

[rob9872]

Yes a bit selfish but understandable. What do you think about the decision to attack Iran with very little strategic planning?

In the words of Shaggy - It wasn't me

 

[rob9872]

Mines gone up 5k, it doesn't matter anyway unless you plan on retiring next week.

Well I did, but I'll put it on ice now for 10 years

*edit: you obviously had the foresight to put your money into weapons

 

[Captain Dart]

So many corruption stories today. Broken Britain.

3 men including Labour MP Joani Reid's partner, David Taylor, was arrested on suspicion of spying for China.
David Taylor is the director and sole employee of a company that had an £885,000 increase from £73,000 in cash it held in one financial year. One of the others is the partner of a former Labour MP.

The arrested men are 39-year-old from London A 68-year-old from Powys A 43-year-old from Pontyclun.

The CEO of the Police Federation of England and Wales has been arrested for corruption.

https://www.cityoflondon.police.uk/news/city-of-london/news/2026/march/domestic-corruption-unit-make-three-arrests/

A 46-year-old man from Surrey, a 51-year-old man from Wales and a 55-year-old man from Bristol were all arrested on suspicion of fraud by abuse of position.

 

[CCFCSteve]

The population : Taxes are rising, I’ve got no money and public services are shit….oh, and I’m worried about this war starting in the Middle East.

MPs : No worries, we’re giving ourselves a 5% pay rise and continuing practicing for MPs strictly come dancing



This country sometimes