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Post by yattongas on Jun 18, 2024 16:51:41 GMT
Want to get this election done asap, the sooner Labour get in and screw us all over the sooner we can get to voting them back out so it can be put right (again) Pity anyone who thinks they will be able to retire comfortably whilst KS is in charge. Thought you were going to move abroad?
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Post by Parrot on Jun 18, 2024 17:03:56 GMT
Want to get this election done asap, the sooner Labour get in and screw us all over the sooner we can get to voting them back out so it can be put right (again) Pity anyone who thinks they will be able to retire comfortably whilst KS is in charge. Thought you were going to move abroad? I am as long as KS doesnt raid my pension pot too much
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Post by francegas on Jun 18, 2024 17:23:19 GMT
Thought you were going to move abroad? I am as long as KS doesnt raid my pension pot too much Good luck with that. Don't forget he'll probably charge capital gains tax on the selling of your family home as well.
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Post by yattongas on Jun 18, 2024 17:28:04 GMT
Thought you were going to move abroad? I am as long as KS doesnt raid my pension pot too much Yeah , don’t want to suffer more after Liz Truss wrecked it eh ? 🙄😂
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Post by yattongas on Jun 18, 2024 17:29:24 GMT
I am as long as KS doesnt raid my pension pot too much Good luck with that. Don't forget he'll probably charge capital gains tax on the selling of your family home as well. Another outright lie 🙄
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Post by oldie on Jun 18, 2024 18:02:14 GMT
Good luck with that. Don't forget he'll probably charge capital gains tax on the selling of your family home as well. Another outright lie 🙄 Yeah But if you repeat it often enough some numb nuts will believe it
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Post by francegas on Jun 18, 2024 18:13:18 GMT
Good luck with that. Don't forget he'll probably charge capital gains tax on the selling of your family home as well. Another outright lie 🙄 We'll see, give it a couple of years.
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Post by yattongas on Jun 18, 2024 18:19:48 GMT
We'll see, give it a couple of years. No you won’t see as it’s an outright lie. Unless you’re really that gullible that you believe it ?
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Post by aghast on Jun 18, 2024 22:36:07 GMT
Want to get this election done asap, the sooner Labour get in and screw us all over the sooner we can get to voting them back out so it can be put right (again) Pity anyone who thinks they will be able to retire comfortably whilst KS is in charge. Yes it's probably best to support the most morally, politically, and economically incompetent government for 50 years rather than risk all this success by voting for someone else.👍
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Post by stuart1974 on Jun 18, 2024 22:46:44 GMT
Want to get this election done asap, the sooner Labour get in and screw us all over the sooner we can get to voting them back out so it can be put right (again) Pity anyone who thinks they will be able to retire comfortably whilst KS is in charge. Again? I'd say things have been compounded by Cameron, May, Johnson, Truss and Sunak. In what way do you expect your pension to be affected?
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Post by yattongas on Jun 21, 2024 16:57:01 GMT
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Post by Gassy on Jun 21, 2024 19:33:38 GMT
Personally I can’t wait until Labour get in. It’s a win win because they get a free pass for 14 years and anything they do during that time won’t be their fault.
My favourite part will be when people show me facts of them being criminals and corrupt too, but I’ll just ignore them and show some headline from the mirror to prove my point.
And then I’ll vote for them again anyway 😁 here’s to the next 14 years 🍾🥂🥂
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Post by supergas on Jun 22, 2024 5:39:23 GMT
I am as long as KS doesnt raid my pension pot too much Yeah , don’t want to suffer more after Liz Truss wrecked it eh ? 🙄😂
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Post by yattongas on Jun 22, 2024 8:15:07 GMT
Yeah , don’t want to suffer more after Liz Truss wrecked it eh ? 🙄😂 View Attachmentformer government pensions minister is warning of “massive losses” for pensioners retiring this year, with big providers telling older customers their funds have plummeted by 20% or more over the past 12 months. The losses come despite the UK’s FTSE 100 stock market index hitting record highs in recent weeks. What has emerged is that many workers reaching retirement this year were effectively locked into government bonds that fell dramatically in value as the Bank of England raised interest rates and Liz Truss’s ill-fated premiership rocked the bond markets. Neil Brown, 68, who lives near Oban in Scotland, was shocked to see his latest valuation from Aviva, just as he was hoping to take some of the money to pay for a new kitchen. Mature couple using computer at home for finances UK state pensions: later deadline for NI top-ups that can mean £55,000 extra Read more The newly retired former transport planner recently received his latest Aviva pension fund report, and was alarmed to see that his fund dropped 20% in value in 2022 – which, coming after a fall of 4% in 2021, has left him 24% worse off over the two years. “A few years ago Aviva noted in their annual statement that as I was then approaching retirement age, my pension was being moved into safer investments (its lifestyle investment programme),” he recalls. He was told this meant “your pension fund is moved from funds with a greater exposure to the stock market into more cautious investments. This helps reduce your exposure to risk from stock market fluctuations.” Aviva was not alone in doing this. It is estimated that, in terms of the big providers, about £10bn is being funnelled through “lifestyle” funds. These are often labelled “cautious”, “low-risk” or “protected”. But in the worst cases, these funds lost close to 40% of their value during 2022, much of it during the market convulsions after Truss became prime minister. Brown assumed his pension pot in its later years would be invested safely, “perhaps largely in simple savings accounts” that would not lose value. Some was – about a quarter of his money – but the rest went into bonds that slumped in value. The problem with bonds is that they fall in value when interest rates rise Brown and his wife will now have to rely on the state pension plus a small public sector pension to finance much of his retirement. How could Aviva – and other providers – have lost so much of older workers’ money just as they are about to retire? The answer lies in the “lifestyling” approach by pension providers that gradually switches company pension savers out of shares and into bonds, usually between the ages of 55 and 65. The problem with bonds is that they fall in value when interest rates rise. Over the last 15 months the Bank of England has raised rates from 0.1% to 4%, which has translated into huge losses in gilts: UK government bonds bought in huge volumes by pension and insurance companies. Typically, funds invested in gilts have dropped by about 22% over the past year but some have fallen by significantly more than that. “I have been warning about the appropriateness of lifestyling for a long time” says Ros Altmann, who was the UK pensions minister from 2015-16. “The well-meaning approach of trying to lower risk in the run-up to retirement has created massive losses that people may not be able to recover and will be poorer for the rest of their lives as a result.” Many say the bonds used in lifestyling were artificially overvalued by years of ultra-low interest rates and the Bank of England’s quantitative easing programme, and were ripe for a major downturn. Laith Khalaf of the investment firm AJ Bell – who a year ago warned about the risks of pension savers sleepwalking into a disaster – says: “Unfortunately, bonds were inflated into a big bubble by years of low interest rates and QE, which went pop when inflation returned and interest rates climbed.” The sums of money at stake are huge. Brown’s savings were in the Aviva Pension Pre-retirement Fixed Interest FP Fund, which dropped by 24.3% in the 12 months to 2 March 2023, data from Trustnet shows, and has £185m under management.
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Post by yattongas on Jun 22, 2024 18:46:35 GMT
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Post by supergas on Jun 23, 2024 4:07:11 GMT
former government pensions minister is warning of “massive losses” for pensioners retiring this year, with big providers telling older customers their funds have plummeted by 20% or more over the past 12 months. The losses come despite the UK’s FTSE 100 stock market index hitting record highs in recent weeks. What has emerged is that many workers reaching retirement this year were effectively locked into government bonds that fell dramatically in value as the Bank of England raised interest rates and Liz Truss’s ill-fated premiership rocked the bond markets. Neil Brown, 68, who lives near Oban in Scotland, was shocked to see his latest valuation from Aviva, just as he was hoping to take some of the money to pay for a new kitchen. Mature couple using computer at home for finances UK state pensions: later deadline for NI top-ups that can mean £55,000 extra Read more The newly retired former transport planner recently received his latest Aviva pension fund report, and was alarmed to see that his fund dropped 20% in value in 2022 – which, coming after a fall of 4% in 2021, has left him 24% worse off over the two years. “A few years ago Aviva noted in their annual statement that as I was then approaching retirement age, my pension was being moved into safer investments (its lifestyle investment programme),” he recalls. He was told this meant “your pension fund is moved from funds with a greater exposure to the stock market into more cautious investments. This helps reduce your exposure to risk from stock market fluctuations.” Aviva was not alone in doing this. It is estimated that, in terms of the big providers, about £10bn is being funnelled through “lifestyle” funds. These are often labelled “cautious”, “low-risk” or “protected”. But in the worst cases, these funds lost close to 40% of their value during 2022, much of it during the market convulsions after Truss became prime minister. Brown assumed his pension pot in its later years would be invested safely, “perhaps largely in simple savings accounts” that would not lose value. Some was – about a quarter of his money – but the rest went into bonds that slumped in value. The problem with bonds is that they fall in value when interest rates rise Brown and his wife will now have to rely on the state pension plus a small public sector pension to finance much of his retirement. How could Aviva – and other providers – have lost so much of older workers’ money just as they are about to retire? The answer lies in the “lifestyling” approach by pension providers that gradually switches company pension savers out of shares and into bonds, usually between the ages of 55 and 65. The problem with bonds is that they fall in value when interest rates rise. Over the last 15 months the Bank of England has raised rates from 0.1% to 4%, which has translated into huge losses in gilts: UK government bonds bought in huge volumes by pension and insurance companies. Typically, funds invested in gilts have dropped by about 22% over the past year but some have fallen by significantly more than that. “I have been warning about the appropriateness of lifestyling for a long time” says Ros Altmann, who was the UK pensions minister from 2015-16. “The well-meaning approach of trying to lower risk in the run-up to retirement has created massive losses that people may not be able to recover and will be poorer for the rest of their lives as a result.” Many say the bonds used in lifestyling were artificially overvalued by years of ultra-low interest rates and the Bank of England’s quantitative easing programme, and were ripe for a major downturn. Laith Khalaf of the investment firm AJ Bell – who a year ago warned about the risks of pension savers sleepwalking into a disaster – says: “Unfortunately, bonds were inflated into a big bubble by years of low interest rates and QE, which went pop when inflation returned and interest rates climbed.” The sums of money at stake are huge. Brown’s savings were in the Aviva Pension Pre-retirement Fixed Interest FP Fund, which dropped by 24.3% in the 12 months to 2 March 2023, data from Trustnet shows, and has £185m under management. Pro-tip, don't use Aviva for private pensions. On the flip side, what the hell were the Pensions Regulator doing allowing firms to leverage their LDI driven pensions to this level?
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Post by stuart1974 on Jun 23, 2024 18:35:47 GMT
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Post by yattongas on Jun 24, 2024 3:50:47 GMT
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Post by stuart1974 on Jun 24, 2024 6:39:19 GMT
Surprise, surprise. Privately educated former banker, masquerading as a 'man of the people' benefiting the rich proportionately better. "Reform UK bills itself as the party "for the left behind" but its flagship tax policy disproportionately benefits those on higher incomes, analysis for Sky News shows. Nigel Farage hailed the plan to raise the threshold at which workers start paying tax to from £12,571 to £20,000, saying it would lift millions of low-paid workers out of paying tax altogether. However, Reform's plan to raise the higher rate threshold from £50,271 to £70,000 would amount to a tax cut worth almost £6,000 for the top 10% of earners, vastly overshadowing the benefit to the lowest earners." news.sky.com/story/reform-uks-tax-plans-disproportionately-benefit-high-earners-analysis-shows-13156776
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Post by stuart1974 on Jun 24, 2024 9:03:13 GMT
We've been struggling to source anti epileptic medicines. "Ms Bhari said that pharmacies have faced a 40% reduction in funding over the past decade in real terms, resulting in a significant "pinch point" where they are required to do more for less. She highlighted multiple reasons for the global shortage of medicines, including Brexit and disruptions in global supply chains due to conflicts worldwide. Research conducted by the Nuffield Trust and academics, funded by the Health Foundation, identified "underlying fragilities" in both the global and UK medicine supply chains. The study noted that while issues in the UK were not solely caused by Brexit, leaving the European Union (EU) has worsened them. This is due to the fall in the value of sterling and the UK being removed from EU supply chains." www.itv.com/news/2024-06-21/hay-fever-sufferers-on-alert-as-pollen-levels-soar-amid-medicine-shortage-crisis
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