Threats to UK pension savers
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Judging by the comments of Corynistas and Brexiteers, then it is undoubtedly:
1. Political and economic naivety
2. Populism
3. Underestimation of the likelihood of zombie apocalypse
If you can solve number 1, then number 2 is less of a threat. Number 3 is always going to be problematic.0 -
Actually the things that really worry me are:
- Expecting millions of economically illiterate and functionally inumerate people to successfully manage a drawdown pot. When huge numbers of them go broke there will a) be calls for 'something to be done' by government; and b) a mad scramble to sue everyone in sight which could break the whole system.
- DB pensioners generally keep spending regardless and help dampen economic swings. Many DC pensioners will react to market downturns by cutting their spending. This could lead to a feedback loop and a downward spiral.
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That point 2 is bang-on. If I had a DB pension I would spend 100% of it whatever the state of the economy (beyond ensuring I had the usual emergency funds etc.). Since my pension is entirely DC I will spend very cautiously until I am past the sequence-of-returns risk years and in a bad economy I will reduce my spending to be bare essentials only.Actually the things that really worry me are:- Expecting millions of economically illiterate and functionally inumerate people to successfully manage a drawdown pot. When huge numbers of them go broke there will a) be calls for 'something to be done' by government; and b) a mad scramble to sue everyone in sight which could break the whole system.
- DB pensioners generally keep spending regardless and help dampen economic swings. Many DC pensioners will react to market downturns by cutting their spending. This could lead to a feedback loop and a downward spiral.
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Jo Swinson and all other unaccepting remainers should be held to account trying to incite riots.
Does she really think that 17.4 million are just going to accept their winning majority vote is cancelled?
The lack of vision from remainers and what the real world is about is startling.
Jo Swinson can't do anything unless she is democratically elected. Once voted in, it makes her position legitimate.
WRT the other bit. 17 million would probably do nothing. The other 400,000 would grumble amongst themselves & maybe a small percentage would take to the streets.
But I'll be nothing compared to the unrest that will happen if the economy crashed after Boris had taken the country out using a legal loophole.0 -
davidr1964 wrote: »Inflation
The Labour Party
The 'Liberal' 'Democrats'
Some Liberal Democrats are sensible (though a it appears a minority)
Paddy Ashdown said on the day of the referendum “I will forgive no one who does not accept the sovereign voice of the British people once it has spoken whether it’s by one percent or 20 percent."0 -
WRT the other bit. 17 million would probably do nothing. The other 400,000 would grumble amongst themselves & maybe a small percentage would take to the streets.
But I'll be nothing compared to the unrest that will happen if the economy crashed after Boris had taken the country out using a legal loophole.
On the contrary, 17.4 million have been watching very patiently with dignity as this all plays out, though the anger has grown. Those that have shown themselves up to try and thwart Brexit have been noted.
IF the result was cancelled, forget all your little remainer marches, there would be bedlam. And in time, to rid this country of a dictatorship that never wants us to leave the EU would create a monster towards the hard right. This country would never be the same, another reason to honour the vote now.
IF the economy crashed. The word IF used alongside could, maybe, perhaps. All we have seen from remainer biased forecasts have not come true, why should they ever?0 -
Oh they definitely have while unaccepting remainers have !!!!!ed and moaned every day from day one.As delusional as naive.
Another addition to the ignore list.
Again, the silent majority are watching very patiently, but shocked at the same time as a number have showed themselves up and insulted our democracy.0 -
Some Brexiteers are quite sensible as well. Like Farage who said there should be a second referendum if the result is 52-48.Some Liberal Democrats are sensible (though a it appears a minority)
Paddy Ashdown said on the day of the referendum “I will forgive no one who does not accept the sovereign voice of the British people once it has spoken whether it’s by one percent or 20 percent."
Looks like the next election will be exactly that!0 -
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