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Public Sector Pensions

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By *ountry cowboy OP   Man
1 week ago

Kinross

The Government intends to move along council & Public sector pensions into one overall pot, investing in GB Energy, start up schemes and other assets.

This is Rachel Reeves idea and aon investment consulting have suggested this is a high risk move.

Anyone who works for the council or public sector care to give your views on this?

After all it's your pensions they plan to play with.

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By *wosmilersCouple
1 week ago

Heathrowish

The Government are not playing with their pensions. They are playing with the pension pots.

If it goes well, the exchequer will benefit.

If it goes badly, the taxpayer will have to fund the shortfall.

Pension payments to those in receipt of pensions will be unaffected.

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By *ountry cowboy OP   Man
1 week ago

Kinross


"The Government are not playing with their pensions. They are playing with the pension pots.

If it goes well, the exchequer will benefit.

If it goes badly, the taxpayer will have to fund the shortfall.

Pension payments to those in receipt of pensions will be unaffected. "

I agree they are not playing with individual persons pension but I did state that they are combining pension pots.

Aon states that this is high risk.

Perhaps they are doing this to try and get individuals to invest in GB Energy?

You can listen to the full report on iplayer for radio Scotland 12.30

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By *emma StonesTV/TS
1 week ago

Crewe

Others think it is a good idea.

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By *ountry cowboy OP   Man
1 week ago

Kinross


"Others think it is a good idea."

Rachel Reeves certainly does.

How ever, I would prefer to listen to the likes of Aon & Fidelity who have proven track records with high stake pensions rather than Rachel Reeves lol, go check her tracked record of so called employment after leaving university.

God help everyone who's pension pots she's playing with.

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By *onyandtrapMan
1 week ago

manchester


"Others think it is a good idea."

I think it’s a great idea

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By *emma StonesTV/TS
1 week ago

Crewe


"Others think it is a good idea.

Rachel Reeves certainly does.

How ever, I would prefer to listen to the likes of Aon & Fidelity who have proven track records with high stake pensions rather than Rachel Reeves lol, go check her tracked record of so called employment after leaving university.

God help everyone who's pension pots she's playing with."

How about Hen Morris’s from Hargreaves’s Landsdown, or Tracy Blackwell chief executive of Pension insurance corporation, or even Jeremy Hunt “ there was much to welcome in Reeves plans, adding it was broadly the same strategy and approach he had announced in his mansion house speech last year.

You could listen to Iain McGill chief executive of UK biotech firm Quell Therapeutics who says there comes a point when access to significant funds is needed for companies in the biotech sector to expand. At the moment most of these funds are in the US, if we don’t have access to it in the UK that’s when a lot of companies decide to relocate to the US.

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By *0shadesOfFilthMan
1 week ago

nearby

Investing in start ups like GB energy is high risk, but investment may be capped to reduce exposure.

The market value of 86 local

Government pension scheme funds at end of March 2023 was £359.2 billion. Likely a low to medium risk portfolio of bonds and listed equity’s. I would doubt the scheme trustees investment strategy’s currently include lending to start ups, but that doesn’t mean it’s a bad idea.

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By *otMe66Man
1 week ago

Terra Firma

[Removed by poster at 14/11/24 18:37:52]

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By *otMe66Man
1 week ago

Terra Firma

Another Labour gamble that, if fails, would bankrupt the country.

This isn’t political scaremongering, it’s a genuine risk. I have no faith in their plans and expect serious trouble ahead. Yet, I’ll have to listen to excited claims from people celebrating short term improvements, mistaking cash injections for lasting growth and prosperity.

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By *wosmilersCouple
1 week ago

Heathrowish


"Others think it is a good idea.

I think it’s a great idea "

We feel totally reassured that your expertise and experience in the financial sector isn't just backed with blind faith in the unknown. You must have some insight into investment strategies and we would all be eager for you to shed some light on your conclusions.

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By *onyandtrapMan
1 week ago

manchester


"Others think it is a good idea.

I think it’s a great idea

We feel totally reassured that your expertise and experience in the financial sector isn't just backed with blind faith in the unknown. You must have some insight into investment strategies and we would all be eager for you to shed some light on your conclusions. "

Thanks, but my opinion is backed up by people with expertise and experience in the financial sector.

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By *uffleskloofMan
1 week ago

Cabo Verde


"Others think it is a good idea.

I think it’s a great idea

We feel totally reassured that your expertise and experience in the financial sector isn't just backed with blind faith in the unknown. You must have some insight into investment strategies and we would all be eager for you to shed some light on your conclusions.

Thanks, but my opinion is backed up by people with expertise and experience in the financial sector. "

And don’t downplay your own investment expertise.

All those “lucrative investments” funding your “great lifestyle”!

Maybe Reeves will call you in as a consultant.

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By *onyandtrapMan
1 week ago

manchester


"Others think it is a good idea.

I think it’s a great idea

We feel totally reassured that your expertise and experience in the financial sector isn't just backed with blind faith in the unknown. You must have some insight into investment strategies and we would all be eager for you to shed some light on your conclusions.

Thanks, but my opinion is backed up by people with expertise and experience in the financial sector.

And don’t downplay your own investment expertise.

All those “lucrative investments” funding your “great lifestyle”!

Maybe Reeves will call you in as a consultant."

Hi there, back again? Maybe she will ,

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By *iman2100Man
1 week ago

Glasgow


"The Government intends to move along council & Public sector pensions into one overall pot, investing in GB Energy, start up schemes and other assets.

This is Rachel Reeves idea and aon investment consulting have suggested this is a high risk move.

Anyone who works for the council or public sector care to give your views on this?

After all it's your pensions they plan to play with."

My understanding is the Civil Service has no pension pot. Its pensions are taken out of Tax each year. Local government do invest widely.

I understood, after Mirror Group pension scandle from years ago companies could only invest a tiny amount (5%) in their own shares etc.. Can the Government invest 100% in a Government scheme?

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By *ountry cowboy OP   Man
1 week ago

Kinross


"The Government intends to move along council & Public sector pensions into one overall pot, investing in GB Energy, start up schemes and other assets.

This is Rachel Reeves idea and aon investment consulting have suggested this is a high risk move.

Anyone who works for the council or public sector care to give your views on this?

After all it's your pensions they plan to play with.

My understanding is the Civil Service has no pension pot. Its pensions are taken out of Tax each year. Local government do invest widely.

I understood, after Mirror Group pension scandle from years ago companies could only invest a tiny amount (5%) in their own shares etc.. Can the Government invest 100% in a Government scheme? "

Tune into radio Scotland on iplayer around 12:30 - 1pm today

Listen, and it will explain things

This is not state pension but council pensions

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By *wosmilersCouple
1 week ago

Heathrowish


"Others think it is a good idea.

I think it’s a great idea

We feel totally reassured that your expertise and experience in the financial sector isn't just backed with blind faith in the unknown. You must have some insight into investment strategies and we would all be eager for you to shed some light on your conclusions.

Thanks, but my opinion is backed up by people with expertise and experience in the financial sector. "

Who?

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By *onyandtrapMan
1 week ago

manchester


"Others think it is a good idea.

I think it’s a great idea

We feel totally reassured that your expertise and experience in the financial sector isn't just backed with blind faith in the unknown. You must have some insight into investment strategies and we would all be eager for you to shed some light on your conclusions.

Thanks, but my opinion is backed up by people with expertise and experience in the financial sector.

Who?"

A fellow poster highlighted some info further up, have a read

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By *wosmilersCouple
1 week ago

Heathrowish


"Others think it is a good idea.

I think it’s a great idea

We feel totally reassured that your expertise and experience in the financial sector isn't just backed with blind faith in the unknown. You must have some insight into investment strategies and we would all be eager for you to shed some light on your conclusions.

Thanks, but my opinion is backed up by people with expertise and experience in the financial sector.

Who?

A fellow poster highlighted some info further up, have a read "

So, which elements of the strategic analysis of each source of your choising do you think are particularly strong indicators of strong investment opportunities?

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By *onyandtrapMan
1 week ago

manchester


"Others think it is a good idea.

I think it’s a great idea

We feel totally reassured that your expertise and experience in the financial sector isn't just backed with blind faith in the unknown. You must have some insight into investment strategies and we would all be eager for you to shed some light on your conclusions.

Thanks, but my opinion is backed up by people with expertise and experience in the financial sector.

Who?

A fellow poster highlighted some info further up, have a read

So, which elements of the strategic analysis of each source of your choising do you think are particularly strong indicators of strong investment opportunities?"

Hi there, if you dont know the answer you are probably better of taking to a pensions expert or doing some research online

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By *wosmilersCouple
1 week ago

Heathrowish


"Others think it is a good idea.

I think it’s a great idea

We feel totally reassured that your expertise and experience in the financial sector isn't just backed with blind faith in the unknown. You must have some insight into investment strategies and we would all be eager for you to shed some light on your conclusions.

Thanks, but my opinion is backed up by people with expertise and experience in the financial sector.

Who?

A fellow poster highlighted some info further up, have a read

So, which elements of the strategic analysis of each source of your choising do you think are particularly strong indicators of strong investment opportunities?

Hi there, if you dont know the answer you are probably better of taking to a pensions expert or doing some research online "

If you can't recognise an opportunity to dig yourself out of an accusation of blind sycophants, then perhaps you should answer the question.

I don't believe you actually have a scoobys.

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By *onyandtrapMan
1 week ago

manchester


"Others think it is a good idea.

I think it’s a great idea

We feel totally reassured that your expertise and experience in the financial sector isn't just backed with blind faith in the unknown. You must have some insight into investment strategies and we would all be eager for you to shed some light on your conclusions.

Thanks, but my opinion is backed up by people with expertise and experience in the financial sector.

Who?

A fellow poster highlighted some info further up, have a read

So, which elements of the strategic analysis of each source of your choising do you think are particularly strong indicators of strong investment opportunities?

Hi there, if you dont know the answer you are probably better of taking to a pensions expert or doing some research online

If you can't recognise an opportunity to dig yourself out of an accusation of blind sycophants, then perhaps you should answer the question.

I don't believe you actually have a scoobys."

That is your opinion and I thank you for expressing it, it will be noted

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By *wosmilersCouple
1 week ago

Heathrowish


"Others think it is a good idea.

I think it’s a great idea

We feel totally reassured that your expertise and experience in the financial sector isn't just backed with blind faith in the unknown. You must have some insight into investment strategies and we would all be eager for you to shed some light on your conclusions.

Thanks, but my opinion is backed up by people with expertise and experience in the financial sector.

Who?

A fellow poster highlighted some info further up, have a read

So, which elements of the strategic analysis of each source of your choising do you think are particularly strong indicators of strong investment opportunities?

Hi there, if you dont know the answer you are probably better of taking to a pensions expert or doing some research online

If you can't recognise an opportunity to dig yourself out of an accusation of blind sycophants, then perhaps you should answer the question.

I don't believe you actually have a scoobys.

That is your opinion and I thank you for expressing it, it will be noted "

Not just mine...go on, just discuss one specific part of one analysis to retrievesome credibility, there's a good sycophant.

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By *0shadesOfFilthMan
1 week ago

nearby


" Can the Government invest 100% in a Government scheme? "

From LGPS website; scheme rules

“The Scheme rules can only be changed with the approval of Parliament. Changes to the rules are discussed at a national level by employer and employee representatives. Your pension fund must inform you if the Scheme rules change. They should do this as soon as possible, which must be within three months of the change.“

Doesn’t answer your question, but highly unlikely. As the scheme is defined contribution and defined benefit, the performance of the assets under management (-/+)would not affect retirees pensions.

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By *regoniansCouple
7 days ago

Oundle


"Others think it is a good idea.

Rachel Reeves certainly does.

How ever, I would prefer to listen to the likes of Aon & Fidelity who have proven track records with high stake pensions rather than Rachel Reeves lol, go check her tracked record of so called employment after leaving university.

God help everyone who's pension pots she's playing with.

How about Hen Morris’s from Hargreaves’s Landsdown, or Tracy Blackwell chief executive of Pension insurance corporation, or even Jeremy Hunt “ there was much to welcome in Reeves plans, adding it was broadly the same strategy and approach he had announced in his mansion house speech last year.

You could listen to Iain McGill chief executive of UK biotech firm Quell Therapeutics who says there comes a point when access to significant funds is needed for companies in the biotech sector to expand. At the moment most of these funds are in the US, if we don’t have access to it in the UK that’s when a lot of companies decide to relocate to the US.

"

Stuart Hargeaves thought Lloyds buying HBOS was a great deal back in 2008. That worked out well, didn't it?

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By *idnight RamblerMan
7 days ago

Pershore

In theory, it's a good idea to invest public money in our home businesses. Australia and Canada have done it for decades. But what if the funds bomb or at best underperform? Then it falls to the hapless taxpayer to bail them out (again). The other concern is that most of our home grown companies get bought by overseas investors sooner or later. So who ultimately benefits from access to UK public funds?

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By *ountry cowboy OP   Man
7 days ago

Kinross

Any Public sector worker's paying into their pensions right now?

Avc's etc?

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By *immyinreadingMan
7 days ago

henley on thames


"Others think it is a good idea."

What others?

And why do they think it is a good idea?

Do you think it is a good idea?

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By *immyinreadingMan
7 days ago

henley on thames


"Others think it is a good idea.

I think it’s a great idea "

Of course you do. You think everything labour does is brilliant, apparently unquestioningly.

Why do you think it’s a great idea? And why do you think the “high risk” warnings are wrong?

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By *immyinreadingMan
7 days ago

henley on thames


"Others think it is a good idea.

I think it’s a great idea

We feel totally reassured that your expertise and experience in the financial sector isn't just backed with blind faith in the unknown. You must have some insight into investment strategies and we would all be eager for you to shed some light on your conclusions.

Thanks, but my opinion is backed up by people with expertise and experience in the financial sector.

Who?

A fellow poster highlighted some info further up, have a read

So, which elements of the strategic analysis of each source of your choising do you think are particularly strong indicators of strong investment opportunities?

Hi there, if you dont know the answer you are probably better of taking to a pensions expert or doing some research online

If you can't recognise an opportunity to dig yourself out of an accusation of blind sycophants, then perhaps you should answer the question.

I don't believe you actually have a scoobys."

I hope you’re not expecting an actual answer, or any detail.

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By *arakiss12TV/TS
7 days ago

Bedford

So if I've worked in the public sector for years and get to retire in say 2034 and the pension admin guy says my pension isn't worth as much as it should be because the goverment messed up 10 years ago or there isn't a pension pot left who do I go to for help.

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By *immyinreadingMan
7 days ago

henley on thames


"So if I've worked in the public sector for years and get to retire in say 2034 and the pension admin guy says my pension isn't worth as much as it should be because the goverment messed up 10 years ago or there isn't a pension pot left who do I go to for help.

"

If you are on a final salary pension scheme, your pension entitlements are not affected.

If the investments perform poorly, the fund ends up underfunded, unable to deliver the necessary levels of returns to fund the pension commitments.

It that happened, a bailout from the tax payer is the only real option.

Individual pension recipients would not lose out

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By *ountry cowboy OP   Man
7 days ago

Kinross


"So if I've worked in the public sector for years and get to retire in say 2034 and the pension admin guy says my pension isn't worth as much as it should be because the goverment messed up 10 years ago or there isn't a pension pot left who do I go to for help.

"

Take a private pension for paying into, don't put avc's into failing pensions.

Perhaps Labour will tax the 25% tax free lump sum by 2034, they seem to be taxing everything else

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By *onyandtrapMan
7 days ago

manchester


"So if I've worked in the public sector for years and get to retire in say 2034 and the pension admin guy says my pension isn't worth as much as it should be because the goverment messed up 10 years ago or there isn't a pension pot left who do I go to for help.

Take a private pension for paying into, don't put avc's into failing pensions.

Perhaps Labour will tax the 25% tax free lump sum by 2034, they seem to be taxing everything else "

It’s good to see you think labour will still be in power in 2034

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By *immyinreadingMan
7 days ago

henley on thames


"So if I've worked in the public sector for years and get to retire in say 2034 and the pension admin guy says my pension isn't worth as much as it should be because the goverment messed up 10 years ago or there isn't a pension pot left who do I go to for help.

Take a private pension for paying into, don't put avc's into failing pensions.

Perhaps Labour will tax the 25% tax free lump sum by 2034, they seem to be taxing everything else

It’s good to see you think labour will still be in power in 2034 "

Good to see you understand sarcasm.

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By *0shadesOfFilthMan
7 days ago

nearby


"

Take a private pension for paying into, don't put avc's into failing pensions.

Perhaps Labour will tax the 25% tax free lump sum by 2034, they seem to be taxing everything else "

In 1997 Gordon Brown raided pension schemes, stopping the tax free reinvestment of dividends.

The total loss has been put at £300bn over the ensuing 25 years.

Anything is possible.

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