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Property Fund - Suspended

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  • masonic
    masonic Posts: 27,356 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    EdGasket wrote: »
    No reason that student numbers should drop. We can still issue visas to foreign students to come here and study.
    Do you think we will continue to charge EU students lower fees than other international students? It could be part of the negotiation package, just as freedom of movement could be, but the uncertainty is likely to impact applications in the short term.
  • Dird
    Dird Posts: 2,703 Forumite
    Eighth Anniversary 1,000 Posts Combo Breaker
    masonic wrote: »
    Do you think we will continue to charge EU students lower fees than other international students?
    I hope not. Our student loan system is already unsustainable and EU students currently get to take out students loans here like Brits can (adding to our national debt).

    I'd much rather have an increased amount of rich Americans/Arabs/Asians who pay cash & contribute lots economically while here.
    Mortgage (Nov 15): £79,950 | Mortgage (May 19): £71,754 | Mortgage (Sep 22): £0
    Cashback sites: £900 | £30k in 2016: £30,300 (101%)
  • masonic
    masonic Posts: 27,356 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Dird wrote: »
    I'd much rather have an increased amount of rich Americans/Arabs/Asians who pay cash & contribute lots economically while here.
    Not doubt you'd also want a 90:10 ratio of females to males.

    I'd rather we attracted the students with the most ability, and retained them, rather than going after those from the wealthiest families.
  • bigadaj
    bigadaj Posts: 11,531 Forumite
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    masonic wrote: »
    I'd rather we attracted the students with the most ability, and retained them, rather than going after those from the wealthiest families.

    I think that boat sailed some years ago.
  • bigadaj
    bigadaj Posts: 11,531 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper
    I ,too, have learned a bit about these funds( I have Henderson). I can understand why this is happening but I just wondered , out of interest, whether there is something in the small print of these funds whch allows them to withold your money? Say you needed it in an emergency, can you withdraw it under certain criteria?

    The problem is it's not a liquid asset. They are committed to having the vast majority of funds invested in physical property, so it's a long term investment. If you want money quick then it's going to be a fire sale, same as if you sold your house in ahurry.

    Interestingly had an email tonight from a broker stating that anyone selling out of the Aberdeen property fund on Wednesday were subject to a 17% exit fee, and they would need to contact them before end of business today if they wanted to cancel. All of yesterday's trades had been cancelled apparently.
  • Dird
    Dird Posts: 2,703 Forumite
    Eighth Anniversary 1,000 Posts Combo Breaker
    masonic wrote: »
    Not doubt you'd also want a 90:10 ratio of females to males.
    I'd rather we attracted the students with the most ability, and retained them, rather than going after those from the wealthiest families.
    It wouldn't hurt :D Importing from Asia you get both: http://www.bbc.co.uk/news/business-32608772
    Problem is you don't retain them as the government requirements for non-EU workers are too high for people starting in graduate roles & they scrapped the 2 year post-graduate visa because of failing to meet their 100k quota (hello Eastern Europe).

    We (a university) hired a girl from Lithuania on a 9 month contract purely to fudge graduate employment statistics (i.e. the "90% of our graduates found work within 6 months of graduating" figure); she was unable to get a job in her speciality of law so was given a temp job in IT. I don't class this as "keeping students with the most ability"when she couldn't even land a job related to her major.
    Mortgage (Nov 15): £79,950 | Mortgage (May 19): £71,754 | Mortgage (Sep 22): £0
    Cashback sites: £900 | £30k in 2016: £30,300 (101%)
  • masonic
    masonic Posts: 27,356 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 8 July 2016 at 9:26PM
    bigadaj wrote: »
    I think that boat sailed some years ago.
    Well, perhaps that's the case. All I know is that a very significant minority of my colleagues are EU nationals recruited out of UK universities. We've been able to hire them (thereby retaining them in the UK paying UK taxes) because they have the right to work in the UK. We have interviewed a number of very talented non-EU nationals without the right to work who we would have liked to have recruited, but the red tape involved has proven a non-starter. So you might argue that those EU students we do attract are not the most able, or perhaps you think those with the wealthiest families are already over-represented, but it seems to me our ability to retain them is under a degree of threat. The problem is, if it becomes as difficult to employ EU nationals as those from the rest of the world, we're not seeing enough UK graduates/postgraduates who are good enough to make up the balance.
  • masonic
    masonic Posts: 27,356 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Dird wrote: »
    Problem is you don't retain them as the government requirements for non-EU workers are too high for people starting in graduate roles & they scrapped the 2 year post-graduate visa because of failing to meet their 100k quota (hello Eastern Europe).
    If the requirements were relaxed across the board and it becomes easy to employ people from anywhere in the world, then that might be something, but I sceptical things will go that way.
  • Dird
    Dird Posts: 2,703 Forumite
    Eighth Anniversary 1,000 Posts Combo Breaker
    masonic wrote: »
    If the requirements were relaxed across the board and it becomes easy to employ people from anywhere in the world, then that might be something, but I sceptical things will go that way.
    The thing is no graduates are that skilled, they only have potential. My degree was less useful than a 1 year internship in terms of ability, the only value is recruiters deeming it necessary.

    I don't see a problem with a Polish person studying in the UK (without SLC flipping the bill), returning to Poland to build up decent experience then returning to the UK for a pay rise and to fulfil a senior role in a company.
    Mortgage (Nov 15): £79,950 | Mortgage (May 19): £71,754 | Mortgage (Sep 22): £0
    Cashback sites: £900 | £30k in 2016: £30,300 (101%)
  • masonic
    masonic Posts: 27,356 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    edited 8 July 2016 at 10:05PM
    Dird wrote: »
    The thing is no graduates are that skilled, they only have potential. My degree was less useful than a 1 year internship in terms of ability, the only value is recruiters deeming it necessary.
    It depends on the degree, I'm sure. My degree included a year in industry and was extremely relevant to my eventual career (although I did stay on at university after my degree).
    I don't see a problem with a Polish person studying in the UK (without SLC flipping the bill), returning to Poland to build up decent experience then returning to the UK for a pay rise and to fulfil a senior role in a company.
    I'm not really seeing the value in them gaining their job experience outside the UK, nor what would drive them to return having settled there. As an interviewer, I would consider their experience less relevant than a candidate who has experience working within the UK. I would be very wary of putting them straight into a senior role.
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