Pension Pot

agarnett

mgdavid wrote: »

Also put on Ignore yesterday!

But you say that constantly, mgdavid, and you keep coming back :rotfl:

Clearly my view of the world doesn't overlap very much with many of you regular pensions and retirement posters. But I don't think I am too wide of the mark with most of my warnings - whether thought through well enough, or just blasted from the hip. I am no longer a professional. The financial services industry and professionalism long since diverged.

So many workers call themselves or their behaviour professional nowadays, from the lowliest bank clerk or retail salesperson, to highest earning CEO. They are kidding themselves and more particularly they are constantly kidding us.

They are just people, and people seem to be much greedier, more selfish and more unscrupulous than when I set out, and more organised in those anti-virtues too - far too close to organised crime, and our politicians seem far too close to many corporate interests.

The public don't realise how many politicians are home grown by corporates, man and boy. It's not just something you see in the movies. Politicians of a certain persuasion are farmed.

My aim is simply to warn anyone that stumbles on what I say, in the place it is most likely to mean something on MSE. The message is that nothing is what you think it is in the financial services industry, and right now the focus is on April 2015 Pension Freedoms. There are no reputations other than get rich quick reputations, or reputations based on paying consultants a heavy fee to get what you want. They don't want you to know or remember their names, their advice once acted upon, their telephone numbers, or even their email addresses. They don't want you to know what drives them, or what is the motive behind the frequent changes they make to the contracts and their operations.

Above all, nothing remains safe about any of it.

Gkmaxx

My original post was more a comment on the terminology used in the press and I suppose the ill informed possibly misleading nature of so called journalism today . As the posts have shown the pension industry is needlessly over complicated and appears to be even more so after the latest round of tinkering from the government.

mgdavid

Gkmaxx wrote: »

My original post was more a comment on the terminology used in the press and I suppose the ill informed possibly misleading nature of so called journalism today . As the posts have shown the pension industry is needlessly over complicated and appears to be even more so after the latest round of tinkering from the government.

or as the savvy put it, provides flexibility and options to suit individuals' widely-differing circumstances.
The alternative is one size fits all, which of course it doesn't