Reply to: Pensions.... that's me well tucked up then...

[TimberWolf]

The only safe pension is for the public sector parasites.

At the moment. But how does it pan out for the economy when they start retiring? Surely some kind of correction is inevitable?

[DimPrawn]

Hence the big uptake in BTL.

Pensions are too risky. The companies involved are greedy, reckless, incompetent and sometimes downright criminal.

The only safe pension is for the public sector parasites.

[Platypus]

... Windsor Life...

You're doomed

http://www.guardian.co.uk/money/2008....lifeinsurance

[Churchill]

Thank you sir... Have a nice day now, bless you...

Don't forget to "wring your cap"!

[oracleslave]

Good advice.

I think I'll start selling the Big Issue.

It's got more of a future.

You are bogeyman and I claim my 5 free issues.

Atw.

[BlasterBates]

55K - 7.5K My life insurance fund "only" lost 35%...but these losses seem to be the norm. Interestingly when the FTSE recovered my pension fund didn't.

hmm losses for the pension fund, profits for the boys.

My advice: subscribe to some research, eg S&P and buy your own stocks.

[RichardCranium]

You are BI and I claim my five pounds

Wavey wave.

Five pounds of warmed sherry trifle? All scoffed, I'm afraid.

I could do a half of a huge bag of unshelled peanuts; I assume your opposable thumbs are up to the job of shelling.

Anyway, wasn't he an AtW bot?

[NickFitz]

Or as NF might put it, think of a Plan A that your current job is holding you back from.

You are BI and I claim my five pounds

[RichardCranium]

But I was a contractor once... until October 2002... ho hum... I only discovered this site during my loooooong spell on the bench from then to 2004 when I started fixing fruit machines...

I take it that you realise that I'm not a lecturer , but a technician?

Dropped-jaw smiley.

No, I did not realise. I thought all your laissez-faire comments about one or fewer students turning up were from a super-cynical lecturer's viewpoint.

So that I get to listen to all the lectures through one ear whilst posting nonsense here to while away the hours... and don't have to spend hours in the evening preparing for the next day's collection of misfits to generally ignore & sleep through ....

So you're not the numpty up the front? Dammit man, get back out here contracting. I didn't realise you had a real job - I thought you had given up on life and taken up teaching.

Follow the advice that's been dished out here time and time again: use the time you have available to think of a Plan B and then start working out how to make it happen.

Or as NF might put it, think of a Plan A that your current job is holding you back from.

Check out Venture Wales & ITWales. They were a huge help to me.

[IR35 Avoider]

National Mutual -> G.E. Pensions -> Swiss Re "Tomorrow" -> Windsor Life...

Last statement from G.E. dated Jan 2007... £55k.

Latest & first statement since then from Windsor Life £7.5k.

Where the flip has my £48k gone then?

Silly Question.

It's bought some **** a Porsche.

Reading between the lines, it doesn't sound like you take a close interest in your pension, so its unlikely you actively chose to invest in anything wierd. Actually, given that it's an insurance company scheme, wierd would not even have been an option. Given the money was in relatively normal assets, I can't see any way that that decrease can be right. It's got to be an admin error. Unless it was a with-profits fund and one of the companies more or less went bust?

[mrdonuts]

check they havent gone out and bought you an annuity, without you even asking

this was in todays daily mail, similar sums involved

[OwlHoot]

National Mutual -> G.E. Pensions -> Swiss Re "Tomorrow" -> Windsor Life...

Last statement from G.E. dated Jan 2007... £55k.

Latest & first statement since then from Windsor Life £7.5k.

Where the flip has my £48k gone then?

Silly Question.

It's bought some **** a Porsche.

If you'd been a public sector drone, it would have gone the other way ..

[max]

National Mutual -> G.E. Pensions -> Swiss Re "Tomorrow" -> Windsor Life...

Last statement from G.E. dated Jan 2007... £55k.

Latest & first statement since then from Windsor Life £7.5k.

Where the flip has my £48k gone then?

Silly Question.

It's bought some **** a Porsche.

did you invest in a fund that was risky? Leveraged far east fund or something..or maybe leveraged US real estate.

Pension "management" fees are normally around 1%, so would cost you £750 in that time.

Dunno, xogg... it's confirmed my original prejudices against all pensions as legalised theft.

I shall contribute no more... and I'm getting out of this tedious job for something more remunerative asap.

How is it "confirmed"? Get a grip man!

[RichardCranium]

I shall contribute no more... and I'm getting out of this tedious job for something more remunerative asap.

But Zeity, you're our honorary contractor-who-is-really-a-permie.

Surely you can't become a real one of us too?

It's listening to your stories of providing lectures to empty rooms, watching you posting relentlessly to ContractorUK during lecture time and generally plodding through each day that provides stability to our lives.

We all know that should, for some reason, we lose the will to continue with the ongoing fear of contract termination and skills redundancy, that we could always go into higher education and wile away the hours lusting after collleagues.

If you go contract, what hope is there for us? (And it'll bugger up your post count!)

[AlfredJPruffock]

Thank Goodness Ive never paid into any pension fund whatsoever !

I will adminster the lethal injection when Ive had enough - I'll even pay for the shot.