Good article

https://www.bloomberg.com/opinion/articles/2023-01-19/the-uk-beats-france-for-one-of-the-best-pensions-in-the-world?utm_source=website&utm_medium=share&utm_campaign=mobile_web_share

Fair point

Probably more financial mumbo jumbo, but therell be someones logic to it

 

https://www.standard.co.uk/news/politics/sir-keir-starmer-hypocrisy-pension-scheme-labour-lifetime-contributions-b1069085.html

Not a great look.

Quite literally had a law made, by the government, to protect his pension. Designed to keep lawyers in work- yet he now votes against a similar move to protect everyone. (Against his colleague's belief).

Some decisions to be made for Labour.

1 hour ago, Tonge moor green jacket said:

https://www.standard.co.uk/news/politics/sir-keir-starmer-hypocrisy-pension-scheme-labour-lifetime-contributions-b1069085.html

Not a great look.

Quite literally had a law made, by the government, to protect his pension. Designed to keep lawyers in work- yet he now votes against a similar move to protect everyone. (Against his colleague's belief).

Some decisions to be made for Labour.

He didn't set the rules back then and doesn't agree with them now.

1 hour ago, Tonge moor green jacket said:

https://www.standard.co.uk/news/politics/sir-keir-starmer-hypocrisy-pension-scheme-labour-lifetime-contributions-b1069085.html

Not a great look.

Quite literally had a law made, by the government, to protect his pension. Designed to keep lawyers in work- yet he now votes against a similar move to protect everyone. (Against his colleague's belief).

Some decisions to be made for Labour.

 

Absolutely desperate stuff.

Literally from the same story. Look beyond the headlines, TMGJ.

So he wants to reinstate a decade old Tory policy (that hasn't even gone yet) and he wouldn't benefit from it anyway?

Also shows that if stopping surgeons retiring was their main driver there's already similar systems in place for judges.

About time the lifetime allowance was raised.

Didn’t expect it though.

 

On 22/03/2023 at 19:16, captainmed said:

About time the lifetime allowance was raised.

Didn’t expect it though.

 

You could go back to work 😬

On 22/03/2023 at 13:39, mickbrown said:

 

Absolutely desperate stuff.

Literally from the same story. Look beyond the headlines, TMGJ.

So he wants to reinstate a decade old Tory policy (that hasn't even gone yet) and he wouldn't benefit from it anyway?

Also shows that if stopping surgeons retiring was their main driver there's already similar systems in place for judges.

Proves you miss understand the point.

Nowt to do with the state of his pension, but about how changes were made to keep members of the judiciary working. Which is exactly what is being done now to keep others in employment. Which he says is wrong, despite Wes Streeting saying the opposite.

Perhaps you should read and understand posts and whole story before making accusations and suggestions. 

However, I hope they keep it up, as such differences between senior labour politicians will be used against them.

20 hours ago, Tonge moor green jacket said:

However, I hope they keep it up, as such differences between senior labour politicians will be used against them.

So you are pro tory regardless of some of the worst cabinet members ever to grace office?

I don't understand that thinking if I am honest. If Labour win as expected (so far) for the next GE and then start making shit decisions and making a mess of things I will gladly say so. I don't care what colour rosette they have pinned on their chest.

One of my pension pots is 60% bonds anyone got a view on whether should move to more stock market linked, think bonds are safer on roll up to taking pension but good to hear others views. 

15 minutes ago, Mounts Kipper said:

One of my pension pots is 60% bonds anyone got a view on whether should move to more stock market linked, think bonds are safer on roll up to taking pension but good to hear others views. 

Mate of mine worked at Lloyds he has just taken redundancy after many years and his Pension is final salary, so fine. When he was talking through his options with Pension provider they were saying lots of people in non final salary schemes got fucked in last year or so as the Pension providers move more into Bonds as term comes to end as they are 'steady but not spectacular' so ideal. The Truss budget screwed them as bonds dropped. So basically you are right to move to bonds but there is still some risk. But doubt even this lot won't bring forward another budget without the full impact analysis again. 

20 minutes ago, Mounts Kipper said:

One of my pension pots is 60% bonds anyone got a view on whether should move to more stock market linked, think bonds are safer on roll up to taking pension but good to hear others views. 

I've personally recently moved mine to 100% equity. Also consolidated them all to a SIPP with one fund. Vanguard All world index or similar.  

Maybe get some advice.

2 hours ago, Mounts Kipper said:

One of my pension pots is 60% bonds anyone got a view on whether should move to more stock market linked, think bonds are safer on roll up to taking pension but good to hear others views. 

Current split for me;

US equity 30%
fixed interest 20%
euro equity 12%
alternative equity 11% (fuck knows what it is)

Asia equity 11%
UK equity 10%
Cash 3.4%
Other 1.3% 

5 minutes ago, Ani said:

Current split for me;

US equity 30%
fixed interest 20%
euro equity 12%
alternative equity 11% (fuck knows what it is)

Asia equity 11%
UK equity 10%
Cash 3.4%
Other 1.3% 

I've just checked mine, I honestly had no clue what I'm invested in - seems that Royal Life, who have most of my money, have it split across about 20 different bonds and "managed portfolios" - I guess as I'm now 50, I should start paying a bit more attention 

2 hours ago, Mounts Kipper said:

One of my pension pots is 60% bonds anyone got a view on whether should move to more stock market linked, think bonds are safer on roll up to taking pension but good to hear others views. 

Depends on what you are looking to achieve, when you might retire, how you might use the find later and the extent to which you keep on top of it.

”Experts” are saying that the next year will be good for bonds, as inflation falls. Personally, I’m not sure.

33 minutes ago, Sweep said:

I've just checked mine, I honestly had no clue what I'm invested in - seems that Royal Life, who have most of my money, have it split across about 20 different bonds and "managed portfolios" - I guess as I'm now 50, I should start paying a bit more attention 

It might be an idea to look at what you are putting in . If you can afford to max your contributions do that. Rather than pay 40% tax now it is tax free ( your employer might top up too) although the income will be taxed as part of a pension you also get the tax free lump sum. 
 

The question for Royal Life should be what was the growth last year?  sure they will be looking after it . Mine has grown by over 10% this year after fees which is great. 

16 minutes ago, globaldiver said:

Depends on what you are looking to achieve, when you might retire, how you might use the find later and the extent to which you keep on top of it.

”Experts” are saying that the next year will be good for bonds, as inflation falls. Personally, I’m not sure.

The biggest question I think is if you want to have a lump sum to leave to kids or spend it ? I have gone for the latter , whichever you decide really affects your approach. Pension Advisers seem to prefer you to be growing the pot, based on their commission. 

38 minutes ago, Ani said:

It might be an idea to look at what you are putting in . If you can afford to max your contributions do that. Rather than pay 40% tax now it is tax free ( your employer might top up too) although the income will be taxed as part of a pension you also get the tax free lump sum. 
 

The question for Royal Life should be what was the growth last year?  sure they will be looking after it . Mine has grown by over 10% this year after fees which is great. 

There's already about £1100 per month going in, I do some sort of salary sacrifice thing, that I really don't understand. Fuck knows if that's good, bad or indifferent 

According to my app, the last 12 months have seen growth of 9.3%....again,i don't know if that's good or bad

3 hours ago, donkeyshorn said:

Also consolidated them all to a SIPP with one fund. Vanguard All world index or similar.  

Good reputable fund and inexpensive. 

Fees are the biggest issue and have a significant adverse effect on real growth. 

All types - product, platform, advisor etc etc….. All types of different fancy words trying to confuse you. 

They must be kept to an absolute minimum. 
 

39 minutes ago, Sweep said:

There's already about £1100 per month going in, I do some sort of salary sacrifice thing, that I really don't understand. Fuck knows if that's good, bad or indifferent 

According to my app, the last 12 months have seen growth of 9.3%....again,i don't know if that's good or bad

Good

Good

All in all, I think about 700 quid a month is going into my pension. I am hoping in a few years when I have paid off a loan I can put another 400-500 a month in.  No idea if that's enough or not but it will have to do.

2 hours ago, Winchester White said:

All in all, I think about 700 quid a month is going into my pension. I am hoping in a few years when I have paid off a loan I can put another 400-500 a month in.  No idea if that's enough or not but it will have to do.

There are good planning tools available, such as on Hargreaves’s Lansdown

4 hours ago, globaldiver said:

Good

Good

Hurrah! Similar to what’s going into mine. 

Saw this earlier and I am not sure if its a piss take or misdirecting facts to suit a political agenda. 

15 minutes ago, Winchester White said:

Saw this earlier and I am not sure if its a piss take or misdirecting facts to suit a political agenda. 

It’s silly, as our basic state pension comprises much less of the picture than most countries.