Osborne's latest policy

atush

Sorry Dave.

Way off the mark. And well out of order.

If you dont agree with someone fine. But dont call a long term poster a troll esp when you have 62 posts and they have 5900.

Thrugelmir

MARTYM8` wrote: »

Osborne is certainly desperate to buy those pensioner votes - much of which is currently going UKIP.

But that is Osborne all over - short termism. By the time it goes wrong - he will be long gone and safely employed by Goldman Sachs or JPM.

Just a way of directing the media and the topic of conversation for the week ahead.

What really matters is what gets announced tomorrow in the budget. As there'll be far more important topics on the agenda. Rather than something which will impact relatively few.

DaveMcG

atush wrote: »

Sorry Dave.

Way off the mark. And well out of order.

If you dont agree with someone fine. But dont call a long term poster a troll esp when you have 62 posts and they have 5900.

look up the definition of trolling - he was doing it.

mgdavid

another for the Ignore list...

Pincher

agarnett wrote: »

Is that what this lot specialise in ?

We offer a range of products including:

• bulk purchase annuities
• bulk transfer buy-out solutions
• longevity swaps

Sounds like bundled sub-prime mortgages, credit default swaps, doesn't it? Bundle some unhealthy annuitants from Glasgow, and sell it like longer life expectancy annuitants from Surrey, who would know?


Ten years down the line, when the Scots start departing, oh dear.

agarnett

Pincher wrote: »

Sounds like bundled sub-prime mortgages, credit default swaps, doesn't it? Bundle some unhealthy annuitants from Glasgow, and sell it like longer life expectancy annuitants from Surrey, who would know?

Abso-flippin-lutely :mad:

I only know of them because they and their part owners Goldman Sachs, were wheeled in to "de-risk" one of the DB schemes I'm in (from longevity risks) a coupla three years ago ... I also asked for a CETV recently which was too low, and within the excuses I was offered was "our analysis of longevity by postcode".

So I'd say you are spot on! Not only will they have sold it as you suggest, but buoyed by that success they are now taking a slice off the other end by being oh so upfront with members about our reduced chances of LivingLongAndProspering - with direct emphasis on the reduced P bit to justify a reduced CETV! Never mind the P, what about the V!


And yes we have members in Glasgow,and so many in my scheme originally worked in Liverpool that it's amazing there are any members left!

Bloody trustee meddlers ... Phasers to stun ...

Pincher

agarnett wrote: »

Abso-flippin-lutely :mad:

There's a movie script in it. Oliver Stone will set it in America, though. Glasgow, Liverpool: Ken Loach?

hugheskevi

Sounds like bundled sub-prime mortgages, credit default swaps, doesn't it? Bundle some unhealthy annuitants from Glasgow, and sell it like longer life expectancy annuitants from Surrey, who would know?

Sub-prime pensioners...going to make some good headlines:D

agarnett

Pincher wrote: »

There's a movie script in it. Oliver Stone will set it in America, though. Glasgow, Liverpool: Ken Loach?

Might be an obvious choice, but I'd perhaps try for Ridley Scott and see if he could get Russell Crowe back for 2015: A Good Year Too - with special cameo parts for David and George!

With deepest apologies to imdb synopsis contributor yasirfarabi the plot might go like this:
"Back in London, trustees offer Max a choice: "money or your life" either a CETV which includes "a lot of zeros" or partnership in the actuarial firm in which he would be "made for life". Max chooses the money, and cleverly negates the reduced longevity assumptions by orchestrating through a local mairie of his acquaintance a forged letter from Provence that suggests he has always been resident there. He puts up his Liverpool residence for sale and returns to Glasgow, entering into a long distance relationship with Fanny from Hargreaves Lansdown, while winemakers Christie and Francis transfer from SLURPS to SIPPs, and this time set about reconciling their vastly different philosophies of whisky ageing whilst jointly running a distillery for the short time they have left."

Pincher

That's why there should be only one director: totally different vision.


I was thinking the second sub-prime crisis is the last straw on the camel's back for the western economy. Can't pay for policemen, even armies run out of fuel for helicopters. Mad Max scenario ensues. The joke: even ISIS doesn't want to get in there, because there's no oil.