Pensions Worth 30% Less Than Three Years Ago

geneer

Dan: wrote: »

I'm not worried.

But I wouldn't mind if I were made redundent - 1 months full pay for every year service (currently 17) + 3 months notice pay - would be nice.

I own a space station. Didn't I tell you that?

Dan:_4

geneer wrote: »

I own a space station. Didn't I tell you that?

:rotfl::rotfl::rotfl:

pimento

Dan: wrote: »

Dave has nowt to do with my pension mate

Nor mine, thank the lord.

somethingcorporate

Dan: wrote: »

I'm not worried.

But I wouldn't mind if I were made redundent - 1 months full pay for every year service (currently 17) + 3 months notice pay - would be nice.

It was like that in our company up until 3 years ago except it was a month a year up to 24 and then a 6 month bonus. Some old timers were walking away with 2.5 years of their salary :eek:.

Now is it maximum 1 month per year up to 12 and no bonus.

pimento

Our redundancy package was changed just recently. Our maximum payout is still two years salary, it just takes a bit longer to earn it.

IveSeenTheLight

geneer wrote: »

Pensions Worth 30% Less Than Three Years Ago

The issue and uncertainty surrounding pensions is one of the reasons I and many other investors have turned to property to find more security.

Pimperne1

geneer wrote: »

I own a space station. Didn't I tell you that?

At least the guys over on the other site are being honest about their situation, a round up of seems to be:

Father Fred - has done very well out of BtL and (as he started the thread) seems to be "considerably richer than any of his fellow posters".

Pricesgoupanddown: Has five years worth of pension but is looking at property to fund his pension.

Cletus Van Damme (the only bull left on site I suspect): Has his own house and is looking to buy another BtL to provide for his retirement.

Benborg: Intends to fund his pension further by buying another property.

Bones: Looking at buying another property to fund his pension.

Liebot: Doesn't have a pension or assets.

Magpie: Doesn't have a pension or assets.

Ageingbabyboomer: Doesn't have a pension or assets.

Sep: Don't think he is much different from previous three but he was a bit obscure.

DrBilly: Has a pension but no house.

Ellenmyfanwy: Doesn't worry about wealth or pensions (ie the same as Bones, Magpie etc).

Timm: Owns a house but has no pension.

No wonder they are such a disgruntled lot - mostly want to fund their pension with property which they can't currently afford or have no pension to speak of. :beer::beer::beer:

Incidentally, the smartest guy on there (Timm) has just bought so that should tell you something.

Apologies to those who don't know the individuals but I am avoiding posting links (I thought geneer ought to know of this as it makes his investment strategy pretty impressive compared to his other forum members).

Batchy

This is probably true, if you take a snap shot NOW, however if you did this a few months ago, things wernt so bad and had made some good ground... expect it to be another 2 years before we see them back to those levels of around 6000 FTSE, but its all relative... I dont expect salary levels to do too much between now and then either once inflation levels out next year... bad for mortgage debt as it doesnt get inflated away for a couple of years, bad for economy, good for the company cash flow, and other employers, but they need it since things are going to be rocky till we get some consumer confidence back.

Things are hard out there dont you guys realise... 5h17 happens.

heathcote123

geneer wrote: »

:rotfl:Strawman argument of course.


It really is quite strange that you think you've got one up on me here.
.

Yes, of course you haven't spend the last few years laughing at the 'property is my pension brigade' as your own pension fell through the floor.....

kabayiri

heathcote123 wrote: »

Yes, of course you haven't spend the last few years laughing at the 'property is my pension brigade' as your pension fell through the floor.....

Credit to the public sector people, and those on final salary schemes. It's a real plus to have definite knowledge of what your pension will be.

How will private pensions be affected if they approve another £200bn of QE?