Member Info for Dustbin101

Millions of pensioners set to benefit from 8.5 percent increase to the State Pension today

In one of the largest ever cash increase will mean pensioners will receive an extra £900 a year on the full rate of the new State Pension

Universal Credit and other working-age benefits to see a 6.7 percent rise, while Government slashes National Insurance to help make work pay

Comes as the Government has provided support worth an average £3,800 support households between 2022-25

The State Pension is increasing by 8.5 percent today as part of the Government’s commitment to support pensioners in retirement.

It comes on the heels of the highest ever cash increase to State Pension in history of 10.1 percent last year, plus a package of support for pensioners this winter worth nearly £5 billion.

4 April: FTSE Lags Behind Overseas Counterparts

UK investors continued to abandon investments with a domestic bias in the first quarter of 2024, pouring billions of pounds into US-focused funds instead, writes Andrew Michael.

According to funds network Calastone’s latest Fund Flow Index, investors channelled £6.97 billion into equity funds in the first three months of 2024. This compared with a net outflow from equity funds of £1.24 billion in all of 2023.

This year’s first quarter inflow included £5.72 billion going into North American funds, with £1.77 billion of new capital in March alone.

Calastone said more UK investor cash flowed into North American equity funds between December last year and March 2024 than in the previous nine years combined.

In contrast, investors withdrew £823 million from UK equity funds in March 2024. This was the thirty-fourth consecutive month in which the sector experienced net outflows, taking first quarter losses for the sector to £2.13 billion.

Https://www.zerohedge.com/personal-finance/retirement-crisis-faces-government-and-corporate-pensions

Europe and the uk in just the same dire position

https://www.fca.org.uk/news/speeches/future-pensions-act-today-plan-tomorrow

a good read that points out returns invested to produce pensions is **** poor .

i agree.

Https://ifamagazine.com/the-uk-fund-managers-that-beat-warren-buffett/

These fund managers have produced a 19 fold increase over 20 years when the average has been just a 2.5 times rise over that period.

Https://monevator.com/pension-fund-returns/

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The average returns above are rubbish.

Target 20% plus compound annual growth and your be able to have a fabulous retirement .

Dec 17 2021 14:31

TRD were 27P : 13 months ago, now £1.25P : and we’re just 5P : ,6 years ago.

Very rewarding to know the stock is smack on target, having produced an average of 25% compound to date..

The Market cap it close to the valuation where it will start to attract institutions desperate to obtain that kind of share price performance.

Still no city broker research as far as i know.

Https://www.gov.uk/government/news/chancellor-backs-british-business-with-pension-fund-reforms

“Since 20th December, we have continued to win major and long-term pieces of new business”

This is excellent news for shareholders.

The order book will now be stretching out up to 3 years..

Triad Group plc

New ten year High.

Today’s unexpected Triad Group plc ‘s update, is yet more evidence the company is set to grow rapidly.

Revenues, profits, and dividends at a far faster rate than the overall market.

That should if all goes to plan increase the share price materially over the next few years.

The share that i hope will enable my pension to grow 100 fold within 20 years has issued this update today.

RNS Number : 9982F

Triad Group Plc

07 March 2024

Legal Entity Identifier (LEI) No. 213800MDNBFVEQEN1G84

Triad Group Plc

Trading Update

In my overview of results dated 20th December 2023, I said "I personally have never felt so confident and enthusiastic about the state and prospects of the Company for more than 20 years" and "I believe that we are at the beginning of a period of increasing major success and growth". I am delighted to confirm that both these statements are proving to be more than amply justified.

Since 20th December, we have continued to win major and long-term pieces of new business. We returned to profit in November and, apart from the Christmas/New Year holiday period, have been on a strongly rising trajectory ever since. Cash flow, as normal, is following closely behind the profit trend. We have been nominated for more national awards. Our recruitment process is operating at full steam ahead with great success. I should point out that the costs of setting up the new projects and hiring will be absorbed in the fourth quarter; however, this will enable us to get off to a flying start for our new financial year beginning in April. I shall provide a much more extensive account of developments in my statement accompanying the full year results.

Pension funds will be required to publicly compare their performance data against competitors and disclose their levels of investment in British businesses under UK government plans.

The government said the reforms will help employers and savers to compare schemes and make informed choices.

The rollout of automatic enrolment has driven a huge growth in the amount of investment entering UK pension funds, from less than GBP90 billion in 2012 to around GBP116 billion in 2022, the government said.

But it added that disclosure requirements for defined contribution pension funds are currently inconsistent across the market and do not require a breakdown of UK investments, sometimes making it difficult for policymakers and savers to understand where this money is invested.

Under the plans, by 2027, DC pension funds across the market will disclose their levels of investment in British businesses, as well as their costs and net investment returns.

Hunt to take action to ban poor performing pension funds.

Todays Telegraph.

Great, as 99% will disappear , those producing returns under 15% compound.

Longer term, population ageing and collapsing birthrates will destroy the NHS. The Centre for Policy Studies (CPS) estimates that spending on the state pension and pensioner benefits will rise from 5.5 per cent of GDP today to 9.6 per cent by 2072, assuming the continuation of the triple-lock and other existing trends. Social care expenditure will double from 1.2 per cent to 2.5 per cent of GDP. The NHS’s share of national income will explode from 8.3 per cent of GDP to 15 per cent. That’s an extra 12.1 per cent of GDP for starters, enough to turn us into a failed state. We will also need to boost spending on defence – from 2 or so per cent to closer to 3.5 – and spend more on nuclear and other electric infrastructure.

This unfathomably large bill will be borne by proportionally fewer young people. In 1972, there were 4.5 workers per pensioner, today, it’s 3.3 and by 2072 there will only be 1.9 workers per pensioner. Do we really expect young people who cannot afford their own home and will never be able to retire to hand over most of their income to pay for their asset-rich elders? Revolution, anyone?

Andy Briggs boss of the insurer Phoenix Group has a full page in the Sunday Telegraph today.

Telling readers they need to save more, ( double ) for their pension .

Then in the next breath, confirms the average saver into a defined contribution pension, got just 4%.net over the last decade. !!!

He should sack any of his own staff not producing 3 times that amount at 9.00AM on Monday morning . !!!!!!

quick ways to solve the nhs issues.

first , get the public to take care of their bodies.

stay fit ( not overweight ) exercise , stop the excess ***s, drink and drugs.

keep the population healthy for longer.

let old people die , more so where the quality of life is crap.

that slashes the healthcare bill for all.

flood the uk with plots of land to give hope to everyone to purchase and run their own home . lower house prices 2/3rd.

the last one will cut rates of depression by 3/4.

Article from “Pension chat”

Hi just joined this group

I've just rang my pension provider aegon and my funds have decreased by 12000 in the last two years is there anything I can do about it

My funds were moved into passive lifestyle funds as I'm two years to state pension

I've done all the right things I'm guttered

Thanks

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This is a direct result of pension fund managers using Government bonds to produce income.

Remember the client ( this lifestyle fund was sold as being SAFE ). !!!

Never, ever, let these managers and trustees near your investments !!

They will do their best, to lose your pension pot .

Https://www.bbc.com/news/business-68222807

Https://www.theguardian.com/money/2024/feb/05/uk-state-pension-age-will-soon-need-to-rise-to-71-say-experts

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