Mum can't get her full pension pot even though she hasn't taken anything

agarnett

Couldn't be a*sed sums up the attitude of a lot of regular posters in the pension forum to anything that wobbles their preferred boat. Wonder why?

atush

Why? Too long and too boring.

agarnett

atush wrote:

Why? Too long and too boring.

Yes you are very correct and it is exactly that conclusion which pension providers have been exploiting for the last 15 years.

They have deliberately made existing products into a subject which is too long, too complex and too boring for even an IFA to analyse and to investigate, and we all know the attention span of an IFA is measured by their fee clock ticking!

But it is all available for someone to Google, until the law changes and corporates assert their right for their misdeeds to be quickly forgotten and thus removed from Google searches.

The major parts of the liabilities (promises made, being kept or being broken) of my pension funding lay now with:

Friends Life) soon to
Aviva ) be merged
RSA
Barclays
Aegon Scottish Equitable
Standard Life
HMG

Those who have over the years abdicated trusteeship include

Benfield Group
Towergate

With the exception of HMG, these are all massive companies but I trust none of them with good reason.

How many of them have already been fined massive amounts for misselling and market rigging?

How can the Chairman of a Treasury Select Committee inquiry as a member of HMG investigating and concluding inappropriate market practice in 2008 within a few short years become involved leading a consortium including one of three principal firms investigated in 2008 (Aviva)? (The third was Prudential and after the Treasury Committee investigation, Prudential backed down from doing part of what was criticised. But Aviva didn't, and Friends Life (AXA) had already years previously started the dirty business.

How can that same man have led a so-called independent inquiry into workplace retirement saving in 2011? Incidentally, the merger of the two principal firms investigated did not retreat from criticised inappropriate practice in 2008 but seemingly carried on regardless ! And how can Aviva be planning to hand over the chairmanship of the merged group to the current boss of the other outfit (actually Aviva is seemingly "acquiring" Friends Life) but it seems the other lot will be in charge. This is the same Friends Life who as AXA in 2000/2001, started the dirty rotten idea of bribing policyholders to allow their funds to be milked by AXA ? Do we think Lord McFall may be a patriotic public-spirited double-agent? Do we think John McFarlane who is leaving Aviva for Barclays is an old mucker of Lord (John) McFall - they seem to frequent some of the same places ?

Is Lord Levene (ex Chairman of Lloyd's of London, who was specially "pre-trained" for the Lloyd's job at Benfield Group, another patriotic public-spirited double-agent? I think I read that he and John McFall and others were trying to buy Northern Rock at one stage but "failed".

That is just one more reason why HMG are so easily on my target list for having the drains up over pension changes which have created opportunity for massive fund heists by the City. The diversionary smoke and mirrors of HMG warnings that low-life pension release scammers are on the march (not our beloved blue chip pension providers of course ... wink wink ) just makes me wonder just whose side the HMG rule makers are on.

Who are these people ? Are they indeed double-agents good to have on our side or are they bogey men or lizard people descended from aliens who secretly control the planet ? We read lots in the UK about grooming vulnerable members of society for sex. Do we hear much about vulnerable members being systematically groomed by those they might least suspect for a shafting via their pensions ? Are we in denial that there is a problem ? You will have guessed that I think we are.

Might I even be disappeared for even thinking it, let alone writing it ? :rotfl:

But it really isn't that funny, now is it. It's our money and futures, not theirs

greenglide

Might I even be disappeared for even thinking it, let alone writing it ?

Sounds very much like a plan!!!

agarnett

greenglide wrote: »

Sounds very much like a plan!!!

But it really isn't that funny, now is it ? It's our money and futures, not theirs ...