Member Info for Sipp-It

It’s strange but in past recessions Construction always took the longest to recover.
Some of the projects the company I work are suffering slight delays but this is down to skill shortages within the construction industry!
This recession is definitely upside down .

https://www.stockopedia.com/articles/brokers-upbeat-on-premier-foods-despite-economic-uncertainty-33368/

Food buying habits of lockdown here to stay ( hopefully )

Ouch !
We knew this was around the corner.
( I knew I should of kept my money under the mattress)
Hang in there .

It’s the way of the world .

Same thing happened when Taylor Woodrow was snapped up by Vinci so they could get a share of U.K. infrastructure.
Although to be fair their castor ( saye ) scheme has been a nice little earner.
But I would of preferred to of kept my defined benefit pension.

Back in .
Perfect timing

This share keeps giving !

Reminds me of the time when my company was taken over by Vinci .

I was lucky this morning also getting in at 69pence I heard about the Dubai stake on
Bloomberg radio and jumped straight on it.
I think I jump out now I don’t like bank holiday shutdowns.
Good luck .

Just received my dividend today .
One of the few banks still paying a divi.

Well I have been buying my fair share of them .
Who wants one of my many T-shirts ? ;-)

They should change the shirt designs to reflect support for the brewery during lockdown.
Banksbeer.co.uk/offer

Some are offering a take away service

https://www.derbytelegraph.co.uk/whats-on/food-drink/sell-not-sell-takeaway-beer-4039170

@ kallumama

No mention of any specifics but in the FAQs

It says no effect to any benefits payable now or in the future.

Yes !
I remember that “ beer at home means davenports “ song ! With the bottle moving along the music score.

That’s a good idea . Anything to support our local pubs has to be a good thing.

The letter from premier foods arrived today for the wife regarding the pension situation.

And it states that all 3 legacy defined benefit schemes ( rhm pension scheme, premier foods pension scheme, and the premier grocery products pension scheme ) are after careful consideration to be merged together (while still remaining separate from each other )ie a segregated merger into the RHM trustee .
*The reason because the RHM investment strategy has been extremely successful over the past decade consistently outperforming it’s target.
By merging we will be able to leverage this knowledge and experience for the potential benefit of the PF schemes sections and use the broader investment toolbox available to pension schemes of our much larger size.
*As the trustee responsible for safeguarding your pension entitlement we believe the segregated merger will support our journey to self sufficiency by stabilising risk for the business and giving oversight of all of the companies uk defined benefit pension liabilities.

Well I just think it’s lockdown mindset at the moment and everything looks grim .
But I think perhaps copy the continental way ( take a table and drinks brought to you ) although not sure about using the toilets ( restrooms ) just thinking about my local . Maybe have an aircraft vacant/taken sign : )
But once they release the youngsters
20/30s that will get things moving a bit.
We will just have to have designated “ old farts “ pubs for the likes of us over 50 ; )

That’s what we’re waiting for now , the divi cut announcement cannot be far off.

With the way things are I am sticking more into pfd during the ongoing constrictions
( our new covid lifestyle etc )

Bleak PMI results for Europe ( France and Germany ) 11.2 v 28.9 and 17.1 v 31 respectively. Probably as expected.
UK results released at 9.30 ....

This will turn around I am sure.
My federated pension( ex civil service )
is with them . Hang in there .

It’s probably something along the lines of what happened at my company ( 3 types of pension ) with our final salary pension/ salary average schemes .
Members had a choice of stay in scheme but have a salary cap placed on the pension pay of say 2% max per year
( In other words if you had a 4 % pay rise
your pension would be based on your salary but with a 2 % increase etc )
So after a few years it would erode the value . ( depends how long until you can draw it )
The other choice was to defer the old pension /s and join the new defined contribution pension but with the company adding 20 % into it and the employee adding 4.5 % . + some other sweeteners.

It’s to put more risk onto the defined contribution pension not on the company to make up the short fall.
Good for shareholders not so for pension members.

I have a couple of my old work colleagues working at a different brewery ( Coors )
Burton.
A lot of this type manufacturing is now automated . Which is better for social distancing.
They are still producing and said although keg sales have all but stopped the production of cans/bottles has increased.
So I assume the same can be said about Marstons.