Member Info for Dustbin101

Triad Group Plc

The stock I hope will see my SIPP pension grow 100 fold within 20 years .

2 years 4 month’s remaining to achieve my goal.

£162.5P another, new yearly high , at todays close.

Don’t count on actually receiving any kind of pension from the state.

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All these national debt numbers and government debt:GDP numbers do not account for these humongous off-the-books pension liabilities.

The numbers here are 2018 and do not take into account the recent huge increases. Even so, they were up a £1trn in 3 years since 2015.

In 2018, pension liabilities of central and local government comprised:

- £4.8 trillion of state pension entitlements (224% of 2018 gross domestic product (GDP)).

- unfunded defined benefit workplace pension entitlements for public sector employees estimated at £1.2 trillion (55% of GDP)

- funded defined benefit workplace pension entitlements for public sector employees worth £413 billion (19% of GDP)

Government pension liabilities were £6.4 trillion in 2018, representing an increase of 21% compared with 2015.

..........makes the published debt numbers of around 95% of GDP really piddly.......

(All in all a total of around 4 times GDP).

Daily Mail reports :

Two of the biggest private pension providers have lost 5.5% and 2.5% respectively , over the last 12 months. ( NOW, and the PEOPLES PENSION ).

Clearly managers and trustees in charge of private pensions are not fit for purpose, huge losses are a direct result of investing in Gilts at near zero rates for decades .

When the obvious happens, and rates rise the price is crushed.

If those saving for a private pension understood how utterly useless those trusted with their cash were, things just might change for the better.

New director appointments at Triad Group Plc :

The shares are currently at the high of the year, with results due this month.

A science graduate, she has recently been awarded distinctions in both a diploma in Corporate Governance and a certificate in ESG from the Corporate Governance Institute. Alison currently holds 134,545 ordinary shares in Triad, representing 0.81% of the issued ordinary share capital

Soft compulsion' needed to nudge pension cash into UK companies, says L&G

Wed, 24th May 2023 16:18Thomson Reuters

LONDON, May 24 (Reuters) - Britain has been investing in the wrong things for two decades and 'soft compulsion' is needed to nudge pension fund money towards growth sectors, a top investment executive said on Wednesday.

The government is looking at how to encourage pension funds to invest more in UK companies to boost growth, and one consideration is to mandate that a percentage of their funds be put into domestic technology and life sciences start-ups.

To achieve my target of a 100 fold increase in my SIPP pension over 20 years I require compound growth of 23.25% each and every year.

It has not be spread evenly, but the end result has to be obtained on the SIPP’S 20th anniversary.

For me it’s September 2025.

Thus I have just 2 years five months left on the clock.

I am extremely pleased to report that I am on target.

Nothing in the investment world is guaranteed, that said my goal is now in sight.

Https://twitter.com/FinancialCmte/status/1659204931910508544?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1659204931910508544%7Ctwgr%5E7064c8a780bf507f00ed103abead633bd22b609a%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fus-house-stablecoin-hearing-focuses-on-competing-bills-for-regulation

The YouTube clip lasts under 4 minutes and well worth a listen .

My belief is the U.K. can gain a good years lead on the yanks using a Stratis Stablecoin Might even be two years.

That can give a massive beneficial boost to our country.

Triad Group Plc hit a one year high today.

Results due very late May , ( last year ), though company web page says June.

Https://www.retailgazette.co.uk/blog/2023/05/tesco-pension-ldl/

Unbelievable, all those hardworking low paid TESCO workers , have their pension fund smashed, by extremely well paid pension managers.

My share I hope will enable me to increase 100 fold my SIPP pension is Triad Group plc .

Triad group is partnered with U.K. blockchain (layer one ) , Stratis group Ltd.

One can not invest in Stratis group Ltd as they are a private company.

Triad , however has a premium, London listing

Stratis are in the race to issue the first U.K. Stablecoin and are waiting for the Finance and markets Bill to be passed in the Lords, prior to proceeding.

The Bill is due its 3rd reading

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Friday 2 June

Last day to table amendments for the marshalled list for:

Financial Services and Markets Bill - Report (day 1)

I expect it to become law towards the latter half of next month.

Growth

According to Credit Suisse, from 1973 to 2022, the UK stock market grew by an average of 5.6% each year. This assumes all dividends are reinvested, which has the effect of compounding returns.

The simplest way to try and emulate this performance is to invest in a tracker fund. This avoids having to pick winners and is an easy way of having a diversified portfolio.

Investing £9,855 at the start of each year would — assuming the stock market performs as it has historically — grow to £283,429 in 17 years. That’s not a bad return for a stake of £167,535.

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My personal view.

How incredibly sad, anyone in their right mind , would consider long term returns of 5.6% as good.

It’s rubbish, considering you’re running a risk being invested in the first place. !

Even worse after inflation.

Mail on Saturday:

Should you copy the star stock pickers.

This article features four of the best, from the U.K. and America with returns over the last ten years of around 200%.

They include warren Buffet.

The paper tells its rears their returns are around double the industry average.

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My personal view, one needs to aim for 20% compound, which none of this high flying bunch managed to achieve.

If they had, the funds would be up around 600%. !

LONDON, May 11 (Reuters) - Britain's leading asset managers are in advanced talks to create a multi-billion pound investment fund to back UK start-ups and stem the flow of technology firms snubbing London for New York, a key official working on the proposal told Reuters.

Nicholas Lyons, a veteran banker and current lord mayor of London, said the planned 'Future Growth Fund' would aim to draw up to 50 billion pounds ($63.11 billion) from British pension pots to invest in fast-growing technology and biotech firms.

He cited the Canada Pension Plan Investment Board and AustraliaSuper funds - both of which have a sizeable presence in London - as examples of funds to emulate, arguing they were "eating our lunch".

The talks coincide with efforts by British lawmakers and regulators to accelerate financial sector reforms designed to attract more multinational companies to invest in Britain and join its stock market, after UK-based chip designer ARM chose New York for its IPO.

PENSION FUND WORRIES

The planned fund could be supported by a government mandate for all UK defined contribution pension funds to invest a proportion of their funds in the vehicle, Lyons said, but added he did not see this as a dealbreaker.

Pension experts cautioned retirement schemes are unlikely to welcome any attempt to compel them to invest in riskier fledgling companies.

" runs counter to a long UK tradition of allowing investment as seen appropriate by its owners or their agents," said Con Keating, head of research at Brighton Rock Group, an insurance company for pension schemes.

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My view:

The pension industry stinks, managers simply invest in crap govt bonds or FTSE companies,( risk off), the idea being, they have a job for life.

The long term returns have been rubbish, 7% or 4% a year after inflation.

If I can achieve 20% compound with zero city or pension background surely they can do better than I.

After all , they are the professionals.

Triad Group Plc new 2023 High.

Triad Group Plc is the single stock I hope will allow me to increase my SIPP Pension 100 times in 20 years.

Full year results are probably due in about 4 weeks time.

No official date has been given.

The results are for the year ending 31/03/23.

The company made a first half loss, but going by its trading update in January I expect that to have been reversed.

https://www.dailyrecord.co.uk/lifestyle/money/people-plan-work-longer-retirement-29859421

My take:

12% of your wages, for 50 years ,going directly to the life company to provide a decent pension at 68.

Crazy

That’s all based on the dire returns from the pension providers, of 7% a year, on average (4%) after inflation.

That is unacceptable, they should be targeting 30% a year on average or be put out to grass.

Those in charge of your money should be the cream , not todays standard , (dross .)

?January 03 2003.

Article on city AM by Chris Trew from Stratis

Triad Group Plc and Stratis have a framework agreement signed over 3 years ago and published on an RNS.

Our vision for Great British Pound Token (GBPT) uses the Open Banking standard so that both companies and individuals are able to deposit fiat via a simple webpage in order to mint GBPT. The token can then be sent cross-border easily using a digital wallet and redeemed to a different fiat currency if desired. GBPT will be 100% backed on a 1:1 basis with fiat and low-risk, highly liquid, assets.

My personal take.:

I can’t think of any single banking action that could be simpler for all transactions, on this planet.
Open banking allows us all to have access to all our accounts in one place, and more crucially by singing in on just one platform of your choice.
The days of remembering 50 passwords are disappearing fast.
The blockchain required is built.
Stablecoin legislation is due to become law within weeks in the U.K.
The cost savings compared to traditional bank transactions is absolutely staggering.
Not to mention the speed.

The following wave of change is called open finance .
Sign in once , and see all your bank, insurance, utilities and so on, all in one place.
Consumer choice made a great deal easier.

Back to pensions.
SIPP provider goes bust

Self-invested personal pension (SIPP) provider Gaudi went into administration on the same day as it sold its pension business to platform provider Platform One, the Financial Conduct Authority (FCA) has confirmed.
Gaudi sold its pension business to Platform One in a £1bn deal yesterday (26 April) with the directors of Gaudi appointing qualified insolvency practitioners Sean Bucknall and Andrew Watling of Quantuma Advisory Limited as joint administrators at the same time.

As Platform One has now taken over administration of Gaudi's SIPPs, consumers who hold a SIPP administered by Gaudi can continue to contribute, withdraw, and make investment decisions as before.

Platform One will communicate next steps to consumers holding a SIPP administered by Gaudi, the FCA said.

"Gaudi was subject to several upheld final decisions from the Financial Ombudsman Service (FOS) regarding some of the investments it allowed within its SIPPs. Gaudi's board of directors recognised the financial liabilities associated with these decisions and other potential FOS decisions," it stated.

"Having obtained the advice of insolvency practitioners and concluded that the firm is insolvent, the board decided to place the company in administration."

Another company that also intends to issue a Stable coin.

Gstechnologies Ltd epic GST.

It’s a penny share and is creating a huge amount of interest, as speculation grows the company may be successfully in its regulatory sandbox application.
News on that is due anytime.

Like Stratis they want to lead the pack, even though in my opinion they are a good year behind Stratis.
Stratis has been testing on the Open Banking Sandbox for 6 months as an TSP ( Technology service provider).

For anyone interested this is a quick explanation of where U.K. regulation is going.
In essence, phase one of regulation deals ONLY with stable coins.
They are a good year or two ahead of general cryptocurrency.

Hope this helps those with little understanding

Consultation Paper sets out the government's phased approach to regulating cryptoassets, providing more detail on Phase 1, which was consulted on in April 2022 and will be legislated for in 2023. Phase 1 assigns oversight of fiat-backed stablecoins to the Payment Systems Regulator (PS) rather than the Financial Conduct Authority (FCA). The PS currently regulates payment systems such as Bacs (an interbank payment system) and CHAPS (the UK's real-time high-value sterling payment system). All other cryptoassets subject to proposed regulation, including other 'stablecoins' such as algorithmic or commodity-linked stablecoins, will be dealt with in Phase 2, and subject to FCA supervision.
• Stablecoins other than those which are fiat-backed will be subject to the same requirements as unbacked cryptoassets. They will be prevented from being presented and marketed as 'stable' or as 'payments instruments' or similar. These restrictions will be included in revised financial promotion rules.