Food & Drink4 mins ago
Labour: We Have No Plans To Ditch The British I S A.....
Labour: we are ditching the British ISA
Can't have people saving their dosh can we!
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For more on marking an answer as the "Best Answer", please visit our FAQ."Most pensions invest in stocks and shares usually through some sort of unit linked fund."
Indeed Tora. But the get out was that public sector pension contribuions are not invested in anything. In fact the funds do not exist at all. Public sector pensions are simply aa gigantic Ponzi scheme. But unlike a Ponzi scheme, instead of there being a few winners to create decent publicity, drawing in other gullible punters before it all goes belly up, there are quite a few recipients (2.8m at the latest count) who are paid their pensions from currrent tax receipts.
Labour Chancellors know this and relise that plundering private pension schemes has no effect on their public sector client base.
it all goes belly up, there are quite a few recipients (2.8m at the latest count) who are paid their pensions from currrent tax receipts.
of which 1m are NHS ( gt secret of the NHS pension fund is that there is no fund - Bevan 1948)
varying points on national pensions
EEC ( roman law looks on pensions as deferred wages whereas our are based in equity law) - said a deficit should be calculated as " tomorrow the world ends, what is the liability?" And so it came about when we were harmonising our laws
but the liabilities don.t ever mature on ONE day so it is a made up statistic with no meaning
and since it is nil in the piggy bank for NHS the liability is calculated as - ? £250 bn
second.... where Pensions have a piggy bank it may not be better - Teachers - god knows what they did - teachers pensions are terrible.
and Church commissioners They lost £100m in bad property deals ten years ago - oo-er Father !
no I am not gonna do Papal finances - ask your local mafioso
so all in all pensions are not really " foo foo EUSSR one liner fodder" we so often get on AB
but fan danga your wanga , TTT ! end of
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