Member Info for longtimeinvestor

''If you think that Lloyd's will be going anywhere near 50p in the short term, or even medium term.........''

not your concern

funds had a short term problem with their Gilt exposure within LDI's.
Higher Gilt rates will increase the strength of their funding position making the payment of future pensions easier.

Taxation imposed by Gordon Brown on pension funds saw final salary schemes decimated. Pension funds since have gone into using more leveraged positions.
Not many years after the GB hit , Liability Driven Investments were introduced that defined benefit schemes have been using , with many using leverage in their LDI's.
So any quick rise in gilt yields, catching pension funds out a bit, can be traced back to GB - extra taxation has meant more risk taking by funds.

ww
''look what Truss did to our economy in 44 days!''

pity some cannot think for themselves

currently is the only hat in the ring - was about 50/1 now about 15/1

suf
'' was always believed it's was not a good idea to take a lump sum if you're lucky enough to have a final salary pension''

That depends on the unknown length of your life and the rate of inflation.

Up to 5% inflation is OK, but periods of high inflation means big real term cuts. Lump sum can be kept and used in the family. My lump sum went on property to benefit my children. Didn't need the greater pension amount on which a lot more tax would have been paid.

sufc
'' I never draw down or take any lump sum up front as this its Gold Plated''

?
I doubt that you have a guarantee of inflationary increases as some public sector workers have. Your guarantee is most likely to be similar to mine - up to 5% maximum.
Your wife of course is likely to retain only 50% of if you died first.
Mine is based on Oct RPI , so I am likely to face a real term cut of about 7+ %.
I took out a lump sum from my final salary scheme.

can

all part of the nonsense campaign by opposition parties/media .
Some come see through it for what it is

plus of course he also got a fine the same as Boris.

Sir 'peoples vote' Starmer escaped a fine by having contacts via a previous occupation.

a person who followed his old boss in the backstabbing of Boris when they both saw an opportunity.
A person with an Indian wife with business ties to a country that is not opposing the Russian invasion of Ukraine, so no friend of the UK/West.
Is it really suitable to have this person as PM.

wwp
probably a base rate of about 3.75% by the end of this year - 5% not too far into the horizon unless there is a sudden fall in inflation.

''On betfair you can give people odds of about 140/1 for Sir 'peoples vote' Starmer to be the next PM after Truss.
About a week before the Conservatives pick the next PM''

now asking for about 100/1 - crazy

and we are not the USA

''the democratic will of the people right now is a general election.''

A tiny number of Tory party members selecting leader after leader is no democracy.''

No improvement in you - STILL a dumbass.

The democratic will of the people has been served in electing a Conservative government for a 5 year term.
The elected party can decide to call an election before going the full term.

On betfair you can give people odds of about 140/1 for Sir 'peoples vote' Starmer to be the next PM after Truss.
About a week before the Conservatives pick the next PM

gb
''The increase in bank profit is nothing to do with productivity, the banks have not expended any additional energy. All it has done is to pass on the increase interest rates. ''

productivity?
A banks business is to take in money and lend money out.
Are profits only acceptable when the base rate is near zero?

ww
''you are someone who is on benefits too, you receive the benefit off having paid into a private pension!''

strange how people 'rec' a statement that is not factually accurate

MJ
''ni''

NI is simply just another tax , it does not go into a pension pot.
Number of years of this tax payment is simply a means to determine the level of taxpayers money is to be received.

UD
''locked itself out of the tariff free largest single market bloc in the world.''
'' Extra 350M a week for the NHS - LOL - what happened to that then? ''

typical things that you get on this board from disruptor thicko's