Member Info for Gate13Boy

Are you trying to depress us all ? That used to be Darth Traders raison d’etre…….

Yup, in positive territory now.

Let the sellers who bought ahead of the results dump their holdings and I might go back in for more.

The predictable drop in share price with good results......zzzzz

Look good to me.

Looking forward to the results.

Lol

Yes spellchecker failed me there 67Sam. It's likely to be vicious too as well as viscous......

Yes I'm finding Gazzleberry's finances rather difficult to understand. The character Walter Mitty springs to mind.

Yes it's going to be a pretty viscous campaign I would think. Sunak has got the sensible policy regarding repaying the national debt and holding off on tax cuts until viable but I don't think that policy will be a vote winner.....

You're quite right TFE.

Unfortunately now, the LTA freeze until 2026 is very punitive with raging inflation. It only becomes an issue for final salary schemes when their pension salary is just over £53,600.

Exactly LTI,

The inflation proofing for public sector schemes is going to be hugely expensive to the public purse particularly if inflation is going to remain relatively high compared to the 2% BoE target over the next few years. On top, low gilt rates make final salary schemes very expensive to fund.

67Sam,

Wasn't meant to be nauseating. I transferred out as I have no intention of getting married again but wish my kids to benefit from any unspent DC pension that is left on my demise.

Surely 67Sam, all pensions now are given protection under Pension Protection Fund rules ?

67Sam,

Yes I received a good payout for converting 2 1/2 years ago. I am still earning so have no need to draw on my pension. My company had suspended the final salary scheme to further accrual years ago and had gone to a DC scheme ongoing. This has happened a lot in the private sector of late as you probably know where companies have huge black holes in their pension schemes.

The public sector final salary schemes are not sustainable on an ongoing basis IMHO with interest rates being so low, thereby requiring huge input to fund them through gilts as per the rules. Furthermore, valuing final salary schemes at just 20 times pension salary for Lifetime Allowance purposes leaves a huge disparity with DC schemes when used to buy an annuity.

I presume you have a public sector final salary scheme ? Not wishing to upset you in any way, I just don’t believe they are sustainable for the public finances.

The Tories should scrap final salary pension schemes for public sector workers. That would save a lot of money. I had a private final salary scheme and sold it and manage my own pension now. They way public final salary pension schemes are valued for LTA purposes now is a joke when compared with a defined contribution scheme that is prevalent in the private sector. The MPs from all sides have looked after themselves without doubt.

I notice you don't address Corbyn's attempted bribe nomlungu nor share ownership amongst Labour supporters, nor civil servants angling for a 3 day week. Speaks volumes. There are more people than ever before on benefits spurred on by the woke "once you've given something to someone, it's not fair to take it away" attitude that Labour has always promoted.

The Tories are the party of hard work, stake in your company and home ownership. The left are the complete antithesis and by their policies are happy to carry on racking up the credit bill for future generations to repay.

I used the word "some."

At the last general election, Corbyn attracted vast swathes of the young with promises of free handouts etc etc. Quite a disgraceful way to encourage the young in work ethic

The best things in the country were built on people with work ethics like you Shrimper. Work hard, save, achieve and not rely on the state. The same cannot be said of some of the workshy youth of today aided and abetted by Labour policy.

Always puzzles me how many lefties comes on this BB when the left never really bought into share ownership and having a stake in your own company. I guess these days the champagne socialists selfishly like to play pick and mix with their politics. 3 days week the civil servants have been agitating for so they can have a nice 4 day weekend. You couldn't make it up......

Lloyds dividend yield is around 5 1/2% at 42p a share which is very reasonable. It will be interesting to see how progressive the dividend increases are going forward.

MRLOLOl,

"All in all buyback has done F all for the SP"

By reducing the number of shares in circulation, the buyback to date has ensured the share price is approx 2p higher than it would have been without the buyback.

You need to look elsewhere for the reasons UK bank shares are in the doldrums.