Kleptocrats at it again.

[willendure]

This time: https://www.bbc.co.uk/news/articles/c4gve4d8jljo

Last time: https://www.thisismoney.co.uk/money/...on-errors.html

Look at state pensions in the USA and the way Wall Street is taking them for a ride. I would be very sceptical about these mega funds and the dodgy fuind managers that will run them.

https://www.youtube.com/watch?v=LdFq1aEITl4

I didn't see anything about SIPPs, which is probably the most likely kind of pension a contractor would have? Hopefully they will leave us alone, right?

[sadkingbilly]

yeh, probably most likely.
or not.
maybe.
perhaps.
possibly.

[WTFH]

yeh, probably most likely.
or not.
maybe.
perhaps.
possibly.

Problem is that trying to make things more efficient must be wrong, and even though there's no mention of changes in tax, that is also incorrect.

You're just not Wailing.

[malvolio]

ICBW but didn't the Blair government try something very similar, but gave it up quite quickly?

Unless they impose rules on who the funds are invested in, they aren't going to help the UK anyway; the trustees can only use the most efficient returns by law -- which aren't likely to be UK ones!

[sadkingbilly]

You're just not Wailing.

I DO have some reggae licks though

[willendure]

ICBW but didn't the Blair government try something very similar, but gave it up quite quickly?

Unless they impose rules on who the funds are invested in, they aren't going to help the UK anyway; the trustees can only use the most efficient returns by law -- which aren't likely to be UK ones!

I suspect that is where things are headed - rules about investing a certain % in UK. Someone has to buy the UKs debt after all, might as well shove it down the throat of us mugs.