I must admit I don't know a great deal about final salary pensions, All my learning about pensions/isa/bonds/shares etc has been to make sure that my wifes finances are all sorted and she is saving properly for her future while I'm still around to help. Which is done now, So hopefully when she's in her late 50's she can relax on a beach and raise a glass to the sky, fuck now I'm upset, stupid me.
sisu have been idiotic, but it was all to get ground cheap, if it had worked they would be heroes up there with jimmy hill!
council sold ground to wasps out of spite, they lied that it wasnt loss making. they screwed US over more, even if sisu had it coming possibly, the people of this city didnt.
Yes......but do you really think that inflation will stay at 2% average for 40 years? If the same happens as it did in the 70's and inflation hits 13% or more half of the value is lost in 4 years....although if your wage goes up by the same the future payments will go up.
OSB58, in an earlier post, you mentioned that Sisu might argue a hostile take-over attempt. This hostile take-over was mentioned a couple of weeks ago in another thread. I don't recall any take-over attempt by ACL, CCC etc. When was it?
Aren't public sector pensions Career average now?
Aren't public sector pensions Career average now?
If you ever need any help with pensions just give me a shout. They are one of the rare things I know about. I am an investor but pensions are my forte. I am going to come out of my final salary pension when interest rates go up for a few reasons. I will be better off which is not normal with one.
I don't expect interest rates and inflation to do what they did in the 70's and I don't think the bank/government would let it, suddenly those 80% mortgages on a 250k house get very expensive.
If they did though not only do your future payments go up so does the value of the companies and thus your shares (at least I think so)
Astute, I know we've not always agreed on everything CCFC related in the past but is that offer open to anyone? I've been paying into a couple of pensions for a few years now and know absolutely nothing about them really. I have all the documentation somewhere, just never had the time to go through it (easy excuse).
I might have some questions on them...
WM
If you ever need any help with pensions just give me a shout. They are one of the rare things I know about. I am an investor but pensions are my forte. I am going to come out of my final salary pension when interest rates go up for a few reasons. I will be better off which is not normal with one.
I have not even thought about pensions yet. I probably should but would probably be a struggle to lose a chunk every month
Yes no problem. If you have questions now send me a PM. Will give you my email address and get back to you ASAP.
I've done my own pension by the way of property. By the time I retire I'll have no mortgages and the option of either an income from rent or a windfall from sales. Stopped paying into private pensions year's ago as the annual statement was depressing. Wish I'd bought property years before I did instead of paying into a private pension personally. I'd probably have one extra house if I did but that's with the benefit of hindsight.y
Shares go up as well as down. Tesco's have lost about 40% in the last 4 years. Shares have gone up though. Or did you have bank shares?
The shares I have are those that pay decent dividends in the consumables market place. All are long term investments. And the dividends are all reinvested. Have done well out of them.
Cheers, will PM over the weekend once I have a chance to dig out the paperwork. Appreciated.
I have funds rather than individual shares, passive index trackers from vanguard mostly. One Tracks the FTSE Allshare index (20% of the money), One Tracks the rest of the developed world not including uk (50%) One Tracks Emerging markets (15%) One is Global small companies tracker (10%) and I have a property tracker (5%).
Thats the ISA rather than the pension, the pension is something like 85% developed world including uk, 15% emerging markets, don't get much choice with the works pension. I moved it out of their balanced investments to the adventurous investments simply because the charge was 0.25% per year instead of 0.85% Since she is early 30's she is happy to have no bonds and have more volatility with the hope (and likelyhood) of greater reward.
I've done my own pension by the way of property. By the time I retire I'll have no mortgages and the option of either an income from rent or a windfall from sales. Stopped paying into private pensions year's ago as the annual statement was depressing. Wish I'd bought property years before I did instead of paying into a private pension personally. I'd probably have one extra house if I did but that's with the benefit of hindsight.y
Sounds like you know what you are doing :claping hands:
Just keep away from most actively managed funds. They charge you a lot and you are lucky to make up the difference in gains. A lot of them don't even keep up with the averages. If they were that good they would just have to manage their own money and make a fortune.
And there is the problem from the off. Pretty much no one thought for a moment it would work. It was a huge huge gamble and the only party who had anything to lose was CCFC and it's fans. And that's exactly what's happened.
When it all looks depressing is the best time to invest. Buy to let has been great over the last few decades but I'd not do it instead of a pension, buy to let has produced higher returns than shares though mostly because you are leveraged (ie investing say 50k but owning 200k of property due to the mortgage) this has increased risk though and owning flats can be a hassle and doesn't have the tax advantages of isas/pensions. Doing a bit of everything spreads your risk and lowers volatility.
well it did work, it made the council stop being greedy and sell
but they wanted last laugh so despite being beaten they decided to sell to wasps to avoid total humiliation
its clear council did a lot of things wrong and i hope these 2 individuals get punished for that.
as long as it dont effect ccfc transfer budget then im all for it.
even if you hate sisu you must understand that council did alot of stuff wrong, and justice must be done!
I am trying to work out what this retrospective action is.
And it is "you're".
as a ratepayer they didn't
As a ratepayer they didn't
I don't think that was SISU's plan, so it didn't really work which ever way you want to spin it.
As a ratepayer they didn't
the plan was to distress acl no????
they did that
and they sold out to wasps to ensure ccfc never have a home in with city limits
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