Member Info for KNIGELK

Well if most people have any sense, they will take their 25% tax free lump sum then drawdown annual amounts (to pay as little tax as possible) over 5-10 years so that the issue of care fees is not relevant? PA. could then offer new products for investing the annual drawdowns...

Director buys will help and communicating proposals on how they will adapt to these changes asap will calm the nerves..

How about enhanced annuities that pay out a lump sum to a partner on death? This is one reason why these products were "hated" .. you got an income but the company kept the cash on death. I'm sure this is just the beginning of a mixture of new ideas/products coming out between now and April 2015 - there's some time to adapt. I do feel consolidation/mergers will happen in the industry now and JRG & PA. probably will have to cut costs/staff over time to be in line with reduced new business presuming annuities fall off the cliff

Thanks - look forward to the report. Do you know if they also think JRG is a buy too? I reckon mergers/consolidations will happen now over the next year - another reason to buy at this level as I fell PA. could be a target for a larger fish gl

Can you blame the broker for changing its share price target? I am sure their 435p prediction was made before the budget bombshell. Their new 152p target is still 25% higher than the current share price - so I will hold for the time being gla

Why has PA. fallen far more than JRG or any other share in the sector? If any share in this sector is oversold - it's PA. imo

The Daily Mail has a good article today and it seems members of the Labour Party are not happy with these proposals - they seem to think people aren't capable of looking after their money and will waste it all on a nice car/holiday and then have to depend on the state - so the question is, whether they would reverse some/all of the proposals if they get back in? TBH pensions have had enough changes over the years and it would be nice if after these changes take place, there is a period on inactivity. PA. is trading below NAV and this doesn't not factor in any new business - so IMO there has to be at least some upside here gla

I missed the interview - might try later to find it on itv-player. Hopefully the share price will pick itself off the floor today! gl

Holding RNS out

1555p please! lol

Personally looking at 1-2 week view and feel share price should get back to £2 - of course I could be entirely wrong but one positive is that the regular posters have looked in and some have also taken a position gl

EK buys as share price is below NAV so limits the downside.. see website!

Director dealing already in Just Retirement - same here please!

Director dealing... (not surprised)

I actually run the investment accounting side so hence not an expert on the pension administration side (just thought I might look a bit thick lol).. I wonder if this could impact the buy-in and buy-out sector for those companies looking to off load their final salary schemes?

Oh yes.....

Welcome views from experts in this sector - I only work in final salary and not read yet how these measures might effect the 25% TFLS in this sector. Good points over on Advfn including perhaps in future the option of moving annuities between providers to get better rates (once taking a pension) and also remember that existing clients/pensioners will still be receiving income from PA. annuities - it will be new business effected. It's just too soon to fully understand the damage done IMO and how much the sector can adapt/produce hybrid products by next year. On a trading view point - the share price may be oversold or could fall further - it is almost like an AIM share for the time being due to so many variables gla

Maybe a few director buys might help the share price?

I think they now have PA. as a hold today (from advfn) and JRG has a 178p hold target (at least no sell recs) gla

Welcome - might add as already 10% down. Feel sorry for longer term shareholders as I cannot see the share price returning to prior levels for the foreseeable future gla