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Tag Archives: pensions
Being “in it together” makes things easier when the going gets tough. David Cameron appealed to this when he vowed to tackle the deficit, albeit that some have since tried to turn it against him. In pension terms, employees were … Continue reading
Projected growth rates in illustrations are being cut to 2%, 5% and 8% per annum, delivering a supposed cold dose of reality. I can’t really agree. The rationale for reducing the assumed investment returns is that we have been in … Continue reading
This chap is on holiday in Hong Kong and he’s just ticked off one of the tourist classics – he’s had a suit made. He goes back to his Kowloon hotel to show his wife and, to his surprise, she … Continue reading
I have come to a startling realisation: it is just incredible how little attention we pay to detail, how imprecise we are, how much rubbish we inadvertently talk.
The single currency is a Ponzi scheme on steroids. The Eurozone has become hugely bloated and muscle-bound with debt. It’s a highly unstable – and unsustainable – situation. Yet many are advocating debt mutualisation across the Eurozone and a single … Continue reading
Appalled by the FSA’s belief that key features illustrations and the requirements set out in its consultation paper CP12/05 (chapter 5 -pension scheme disclosure proposals) will actually help consumers make good decisions, I produced this real-world, personal example of how consumers really make decisions … Continue reading
It’s just over 5 weeks since the Sipphound family moved house and I’m feeling the urge to look back, survey the muddle, poke some fun at myself and draw a serious lesson out. Plenty of people have told me how … Continue reading
As if it weren’t already hard enough to get people to give up instant gratification to save for their retirement, pension illustrations come with a piece of absolute hocus pocus surely designed to finish the job of putting people off: … Continue reading
Last month it was riots, yesterday it was FTSE 100 executives’ pensions. Is our society unfair? And are we doing better or worse in pensions? Forget the (welfare-abusing) rioters’ distracting talk of expense-claiming politicians or bailed out banksters, here’s a … Continue reading