Member Info for JordiMendes

Jamesss, all you do is call things wrong

Https://www.bbc.co.uk/news/articles/c39y02x98k8o

Indeed, it says about tax liabilities. "sale of shares to fund income tax and national insurance liabilities and retention of the remaining balance of shares"

Indeed, Trisor was talking about the war. Getting a bit boring now.

Nope Trisor, Savage knows more than them.

No worries @AdamWoodman. I'm actually driving my Mum to a Jobcentre tomorrow as someone she knows is leaving. Tempted to join them and ask if their pension is sorted 🤣. The lady I know who will be retiring next month hasn't had her quote yet, so if Capita hit their target, who knows. But at least there seems to be more happier people now. The lady I know is old and not always easy to keep in touch with but I do know another person in the civil service and there has been a teams group set up where people can ask questions and a lot has centered around the civil service pension scheme. So a lot of disgruntled people originally, but this time more people who have had theirs sorted. But the example i gave is someone who had started the process in Jan and only just got the pension now, that's a long time. It looks like they are heading in the right direction and IR have confirmed this. If they miss target, then the press will have a field day but I can't see how the contract could be taken off Capita now, they are too invested.

They do seem to be clearing the backlog. Another meeting today and more people saying they have had their pension sorted.

One of them partially retired in January and pension now sorted. That would have been one of the not so urgent one's so hopefully the more standard one's should be easier to clear in a quicker time frame.

Level, you do talk utter dross.

Granted, not great it's in the BBC, but literally just re-churning the same old stories.

Old news

There's a temporary pause on transfer value quotes:

"Some pension services linked to transfer values are temporarily paused while calculation factors are being updated. This is due to a change in the Superannuation Contributions Adjusted for Past Experience (SCAPE) discount rate announced by HM Treasury on 19 May

Therefore, we are unable to provide cash equivalent transfer values (CETVs) or process transfer requests that rely on these calculations. Any requests received will be held and processed once the new factors are available."

Must say, does seem an absolute faff.

They have again stated: "Quotes update: All outstanding retirement quotes will be issued to members by the end of June. Please see our Quotes Hub for information and support. Please note we cannot escalate any quotes in advance of the end of June whilst we work through this distribution"

3 and a half weeks left

Https://www.civilservicepensionscheme.org.uk/memberhub/

Nobody can really answer that. Prices do sometimes drop a bit after a steep rise, but no real substance I can give. Walleye have reduced which gave them a good chance to do so. Manipulation? Who knows

Can't see how shorts would load up if there was the chance of a buyout, doesn't make sense. Not looked at all the longs so don't know if the shorts are playing it safe by betting both ways. Shorts at Greggs very high and that is a solid business, so who knows what they are up to. Capita just have to get things right and as said many a time, the state the business is in right now warrants a higher price.

@Trisor, shorttracker website still has 9 but sometimes a day behind. Two Sigma Investments, LP are the one showing on shorttracker but not on lse.

Topped up again? 3.75

@AdamWoodman Indeed mate, message they sent me in April was "Yes that is the expectation– as we say in the statement - we continue to work closely and transparently with the Cabinet Office and are committed to delivering the plan we have developed in partnership by the end of June 2026."

But can't deny there are civil servants still not getting the right service and I've seen the comments first hand. Main thing is obviously keeping the contract (which I think they will) and binning off the contact centre. Huge year this year. If they don't do it, they never will. Suppose why they are still priced to fail.

Potentially Trisor.

Not to be negative but I have been sent of snippet of comments. Quite a few not happy. The pension moddler which I presume is to forecast how much you will get apparently isn't working and hasn't done for a while. When trying to put in your postcode, apparently there is an issue with that now. Capita are struggling. Hopefully it was in such a mess, that any company would struggle and Capita have done well to get it where it is, but I'm not too sure. I appreciate civil servants that have retired won't have been on the teams call, so there won't be any examples of where things have been sorted. Does seem to be a bit of mess, but as per IR's message yesterday, they are making headway.

Update straight from civil service on 2nd April was that Capita expect it to take 3 or 4 months to clear the outstanding quotation queue. So end of June an agreed date for a certain amount of the crap to be sorted but potentially August before the queue has been cleared.