My view on Pensions

Rachel_Pierson

MyOnlyPost wrote: »

OP fails to realise that not everyone is in her situation and some people need protecting from themselves

Wow. What other decisions would you like to make for us, oh wise one?

Paternalistic attitudes get a bad press for a reason. There've been plenty of historical examples of self-interested groups trying to force what they want on others. Almost always, as in this present case, they disingenuously pretend it's about protecting their victim from some perceived harm. When in reality they're doing what's best for themselves.

Auto-enrolment is good only for pension fund managers. And those at the top of the pyramid scheme who're receiving more generous pensions now than any person saving towards a pension today can hope for in the future. If fund managers and present benefactors of schemes don't get more mugs into the system somehow, by opting them in against their will if need be, they know it'll be them that pays the price.

ex-pat_scot

Rachel_Pierson wrote: »

Auto-enrolment is good only for pension fund managers. And those at the top of the pyramid scheme who're receiving more generous pensions now than any person saving towards a pension today can hope for in the future. If fund managers and present benefactors of schemes don't get more mugs into the system somehow, by opting them in against their will if need be, they know it'll be them that pays the price.

Actually: AE is best for Government (and therefore Joe Taxpayer). It will mean that fewer people are penniless in retirement, and therefore a smaller drain on the state.


Frankly, with the AE charging structures and caps, and modest individual sums involved, the pension providers are making very little indeed.


At the risk of reigniting your ire - why do you insist that the whole shooting match is some sort of pyramid scheme?
AE is a DC scheme. The money contributed belongs ONLY to the individual who has contributed. NONE of the monies are somehow skimmed off to other pension-investors somewhere up some sort of chain.
I have no idea how an AE contribution today is in any way benefitting either other DC contributors or DB contributors.

dunstonh

Auto-enrolment is good only for pension fund managers.

Who charge less than the implicit charges on savings accounts.

It is also good for the individuals as they get free money and tax relief.

And those at the top of the pyramid scheme who're receiving more generous pensions now than any person saving towards a pension today can hope for in the future.

This rubbish you spout has been debunked a number of times now.

If fund managers and present benefactors of schemes don't get more mugs into the system somehow, by opting them in against their will if need be, they know it'll be them that pays the price.

More rubbish.

Have you not considered that you are wrong? Every person responding disagrees with you on every count. Yet you think you are right. You are on the wrong website. You need to go to the Daily Express and make your comments there. You will fit in well with all the other brainless comments that are made.

This section is more responsible and educated and you are out of your depth. Your trolling is not wanted here. Maybe a board guide can arrange to get this thread closed?

[Deleted User]

The truth is you don't know what is going to happen tomorrow. Life is a crazy ride, and nothing is guaranteed.
Eminem
https://www.brainyquote.com/quotes/topics/topic_truth.html

[Deleted User]

dunstonh wrote: »

Maybe a board guide can arrange to get this thread closed?

:T Thank you!

tigerspill

I am utterly stunned by this thread.

There are a number of people on this thread who know pensions inside out. Have helped me and many others in education and helping me understand the minefield pf pensions. I dot take every word as gospel but I get what I need to allow me to learn more and understand the facts.
The OP seems not to understand even the basics of pensions and I really hope no one takes anything the say seriously. And worse, they have no interest in learning even when plain facts are put in front of them.

I want to counter this by saying a huge thanks to those people who have helped me get to a much better understanding and place with my own pension and planning.

fairleads

[Originally Posted by dunstonh
Maybe a board guide can arrange to get this thread closed?]

So if you can't beat em just ban em?

taktikback

warned you guys not to feed the troll...

never mind - this remains great entertainment. Have you noticed how financially illiterate types always bang on about pyramid schemes (presumably they equate them to economics in some way?)

The best pyramid was the Ops "how to argue" pyramid - but top prize has to got go to their stunning lack of appreciation of irony...

I think I just fell into the trap of attacking the characteristics or authority of the writer without addressing the substance of the argument...

fairleads

taktikback wrote: »

I think I just fell into the trap of attacking the characteristics or authority of the writer without addressing the substance of the argument...

As did pretty much everyone else who have so far replied to the op.

zagfles

fairleads wrote: »

[Originally Posted by dunstonh
Maybe a board guide can arrange to get this thread closed?]

So if you can't beat em just ban em?

If they're trolls or spammers, then yes. I did a very long and detailed reply to the OP's first post, I get a reply addressing just the first line of it with the rest totally ignored. So what's the point?

Christ, this thread has even got me agreeing with dunstonh !!