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  • FIRST POST
    • Jimb73
    • By Jimb73 17th Sep 19, 4:06 PM
    • 3Posts
    • 0Thanks
    Jimb73
    Threats to UK pension savers
    • #1
    • 17th Sep 19, 4:06 PM
    Threats to UK pension savers 17th Sep 19 at 4:06 PM
    Hi there I am after a huge favour. Is there an expert out there that can help me with finding what are the 3 main threats to pension savers in this country. Doesn't have to be a great volume of info just the main issues and i can research this further please!
Page 1
    • Gary1984
    • By Gary1984 17th Sep 19, 4:10 PM
    • 23 Posts
    • 9 Thanks
    Gary1984
    • #2
    • 17th Sep 19, 4:10 PM
    • #2
    • 17th Sep 19, 4:10 PM
    I'm sure everyone will have their own opinions but..,
    1. Changes to pensions regulation and tax treatment
    2. Prolonged period of poor investment returns and/or market crash
    3. Continuing low interest rates
    • LULULU1
    • By LULULU1 17th Sep 19, 4:19 PM
    • 423 Posts
    • 36 Thanks
    LULULU1
    • #3
    • 17th Sep 19, 4:19 PM
    • #3
    • 17th Sep 19, 4:19 PM
    Don't forget inflation......
    • ffacoffipawb
    • By ffacoffipawb 17th Sep 19, 4:24 PM
    • 2,915 Posts
    • 2,045 Thanks
    ffacoffipawb
    • #4
    • 17th Sep 19, 4:24 PM
    • #4
    • 17th Sep 19, 4:24 PM
    The Labour Party
    Retired: Financial Independence achieved in June 2019.

    Cofiwch Dryweryn
    • LHW99
    • By LHW99 17th Sep 19, 4:36 PM
    • 2,181 Posts
    • 2,034 Thanks
    LHW99
    • #5
    • 17th Sep 19, 4:36 PM
    • #5
    • 17th Sep 19, 4:36 PM
    Assuming that the current autoenrollment payment % will give a good pension for everyone.
    • bowlhead99
    • By bowlhead99 17th Sep 19, 5:22 PM
    • 9,344 Posts
    • 17,002 Thanks
    bowlhead99
    • #6
    • 17th Sep 19, 5:22 PM
    • #6
    • 17th Sep 19, 5:22 PM
    Hi there I am after a huge favour. Is there an expert out there that can help me with finding what are the 3 main threats to pension savers in this country. Doesn't have to be a great volume of info just the main issues and i can research this further please!
    Originally posted by Jimb73
    You are trying to write an opinion piece for an article to a deadline and at 5pm realised you didn't have an opinion so would like to get someone else's opinion of the main 'threats' so you can carry out some cutting-edge research?

    Or do you have a job interview at 9am with a pension firm, and want to be able to ask a clever question? Or are you trying to draft a political manifesto commitment in time for a party conference this weekend?

    I'm genuinely curious if there is some other reason why you need someone to do you a 'huge favour' by telling you what they think such 'threats' might be and then you'll go and look into them. If someone posted online what they thought the top three threats were, I wouldn't feel like they had done *me* a favour, so I wonder in what circumstances this is so helpful, if it's not a job interview or press article or political statement for which you drew the short straw...
    Last edited by bowlhead99; 17-09-2019 at 5:26 PM.
    • Lorian
    • By Lorian 17th Sep 19, 5:23 PM
    • 4,847 Posts
    • 2,826 Thanks
    Lorian
    • #7
    • 17th Sep 19, 5:23 PM
    • #7
    • 17th Sep 19, 5:23 PM
    Gordon Brown
  • archived user
    • #8
    • 17th Sep 19, 5:30 PM
    • #8
    • 17th Sep 19, 5:30 PM
    1. Jeremy Corbyn.
    2. The Labour Party.
    3. The Trotskyist leader of the opposition.
    • AnotherJoe
    • By AnotherJoe 17th Sep 19, 5:51 PM
    • 15,918 Posts
    • 19,138 Thanks
    AnotherJoe
    • #9
    • 17th Sep 19, 5:51 PM
    • #9
    • 17th Sep 19, 5:51 PM
    1. Belief that by saving something into a pension, however little, such as the government minimum, that's good enough.
    2.Belief that because you are only employed for a year or two, it's not worth joining, and keeping that up over a series of jobs.
    3. Belief that the government will confiscate whatever you save so it's not worth saving.
    • ffacoffipawb
    • By ffacoffipawb 17th Sep 19, 6:05 PM
    • 2,915 Posts
    • 2,045 Thanks
    ffacoffipawb
    1. Belief that by saving something into a pension, however little, such as the government minimum, that's good enough.
    2.Belief that because you are only employed for a year or two, it's not worth joining, and keeping that up over a series of jobs.
    3. Belief that the government will confiscate whatever you save so it's not worth saving.
    Originally posted by AnotherJoe
    1. Complacency
    2. Stupidity
    3. The Labour Party
    Retired: Financial Independence achieved in June 2019.

    Cofiwch Dryweryn
    • bostonerimus
    • By bostonerimus 17th Sep 19, 6:31 PM
    • 3,304 Posts
    • 2,623 Thanks
    bostonerimus
    1) Hubris
    2) Stupidity
    3) Inflation
    Misanthrope in search of similar for mutual loathing
    • AnotherJoe
    • By AnotherJoe 17th Sep 19, 7:19 PM
    • 15,918 Posts
    • 19,138 Thanks
    AnotherJoe
    So, Not as clear cut as the OP imagined i suspect !
    My favourite is ffa's summary.
    • chiefie
    • By chiefie 17th Sep 19, 7:23 PM
    • 347 Posts
    • 346 Thanks
    chiefie
    Education
    Market performance
    Charges
    • sandsy
    • By sandsy 17th Sep 19, 8:32 PM
    • 1,502 Posts
    • 918 Thanks
    sandsy
    Gradual increase on reliance of DC rather than DB.
    DC contributions too low.
    Ongoing tinkering with pension rules.
    • JoeCrystal
    • By JoeCrystal 17th Sep 19, 8:50 PM
    • 1,867 Posts
    • 1,314 Thanks
    JoeCrystal
    I would say that the three main threats are the following:

    The low returns in the pension funds not meeting expectation, not keeping up with the inflation and the government changing the pension rules to the savers' disadvantages.
    • Thrugelmir
    • By Thrugelmir 17th Sep 19, 10:07 PM
    • 64,810 Posts
    • 57,211 Thanks
    Thrugelmir
    Preference for investing in property rather than real wealth creating assets.
    “If the financial system has a defect, it is that it reflects and magnifies what we human beings are like. Money amplifies our tendency to overreact, to swing from exuberance when things are going well to deep depression when they go wrong. Booms and busts are products, at root, of our emotional volatility.”
    ― Niall Ferguson
    • TriathNanEilean
    • By TriathNanEilean 18th Sep 19, 3:13 AM
    • 58 Posts
    • 48 Thanks
    TriathNanEilean
    Normally I'd pass on without comment but since (i) the thread isn't an important one and (ii) the trolls have got multiple thanks, I'm going to take the bait.


    1. Rising tide of protectionism around the world.
    2. Internal wars in Tory party while they remain in government
    3. Takeover of Tory party by extreme right wing fanatics.
    • Turpinr
    • By Turpinr 18th Sep 19, 4:13 AM
    • 21 Posts
    • 15 Thanks
    Turpinr
    Boris Johnson
    Boris Johnson and a no deal Brexit
    Boris Johnson, no deal Brexit or Brexit
    Boris Johnson, his right wing government being propped up by Nigel Farage and Johnson's reliance on Rasputin Cummings
    • Apodemus
    • By Apodemus 18th Sep 19, 7:00 AM
    • 1,451 Posts
    • 1,227 Thanks
    Apodemus
    National insurance becoming chargeable on pension income - probably necessary, possibly essential but will make a big difference to income predictions.
    • ex-pat scot
    • By ex-pat scot 18th Sep 19, 7:42 AM
    • 328 Posts
    • 458 Thanks
    ex-pat scot
    Risks are threefold:
    - political
    - financial
    - cultural

    Political:
    Tinkering of the rules. Particularly on annual allowance, lifetime allowance. Tax relief.
    Changing age of access to pension (currently 55).
    Inheritance tax changes (for those relying on inheriting from parents).

    Financial:
    Continued QE and its eventual unwinding.
    Inflation.
    Declining standing of British economy (and FX rates)
    The delusion that you can't go wrong with bricks and mortar (and political risk on tax treatment of rental properties)
    NI on pension income.

    Cultural:
    The delusion that 3% contributions will somehow guarantee a comfortable retirement.
    The expectation that state pension is adequate, and can be lowered to 60 for WASPIs
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