'Pension reforms could unlock £80bn of investment' says pensions minister
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I'm a politician, yeah right.
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Disaster written all over it
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Omg hands off our pensions what next
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oh my word ….she's putting the fear of god in me …… umm in the past ive lost more than half my pensions to these private companies…… i wouldnt trust any of them…..especially ministers who clearly couldnt run a bath
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The government is taking over the funds and ensuring that they are invested in green projects in the UK….What could possibly go wrong as the government has a great money management track record. That's why the National Debt is £2.77 Trillion.
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A Labour government reforming pensions? What could go wrong?
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She hasn't got a clue – essentially all she needs to say is there is more money going to be diverted into higher risk categories – this is private equity we are talking about – thats insane risk levels for anyone with a pension – equities are risky enough though diversification does manage to even it out a bit. Hopefully, it will be a small portion of people's pensions because this investment in private equity and infrastructure, will not end well for the average Joe.
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gambling with pension funds what could go wrong 😮
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Think I will stick with the S&P500! What does this person know about investing? Sounds highly risky.
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I worked in local authorities for over 20 years at below what I could have earned in the private sector, I stayed there mainly due to the pension benefits (as a significant amount do) and because I had a role trying to champion the community. As aren't we all encouraged to plan to look after ourselves in our old age. Due to austerity I had to take on the work of several people and for projects I wasn't qualified to lead, which has led to a complete nervous breakdown to the point where I cannot even look after myself. Now, not only are Govt probably threatening to take my benefits away with their reforms, they’re also going to risk my pension to prop up the economy. I would not trust any national Government to manage my pension pot but I apparently don’t get a say!!!
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One particular thing I didn't like about the budget was the scale of the increase in capital gains tax for (lower-income) 20% tax payers, i.e. 10% to 18%. This both reduces the average person's incentive to invest and acts against attempts to address wealth inequality. Both are serious errors of judgement.
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Then they rob your pension @40% inheritance tax ! Get ur investments out of uk ..
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Does major infrastructure investment not take 30+ years to deliver any kind of return? So why would someone in their mid 50's want to take the risk? Labour could, and probably will balls it up and the people with the most skin in the game will never see the benefit/growth of their fund. How something like this can be pushed through without either a referendum or at the very least a manifesto pledge is a joke.
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Trusting a Labour government with your pension, what could go wrong. In any investment there is risk.
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Good interview. He held her to account, saw right through her BS 😂
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Something has to change. We have one of the highest retirement ages of any developed countries in the world and one of the lowest state pensions. Canada and Australia both have lower retirement ages and much higher pensions. Their system must be working better
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Great idea lets reform th starmers
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If these Socialist mess this up a great many pensioners will be ruined!
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It’s a pension raid like Gordon Brown, the public sector pensions has a black hole. Trillions in debt, who’s running this who’s making money……
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Omg more bankrupt people
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It’s a con
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The only mega i want to hear about is MEGA Make England Great Again.
Get these socialist losers out asap. -
This winter I am forced to play Jimmy Starmer's Heating or Eating Games – the region with the most dead pensioners wins.
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At no point will the British Army fund parliamentary pensions, so it must be raised from the catsick police force.
Any protests against strict Army financing rules will be met with LIVE ROUNDS.
EARL OF BUCKINGHAM -
Say "good bye" to pensions as they go with Rachel….
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As a finance executive I can say that this is completely wrong, three trillion is absolutely impossible! What is this government doing?
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Loved this week with Wilfred Frost. He has an impressive grasp of political economy, and deployed that fluency to politely nail both government and shadow ministers on their nonsense. Plus, he raised Mairhi's political analyses this week. Excellence. Warmth. Intellectual honesty. Yes, please.
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I would say to labour MPs. Let's reform MPs expenses. That would shock labour MPs reform is labours way. Let's place council pensions in one place. So we can steal from that pot to pay for labours black hole the size of a galaxy from giving migrants free mobile phone Sims plasma TV's and free travel in London I wonder what the benefits office would say to a englander. Please can I have a TV. And labour don't care about the millions of home less on English streets but can house migrants and still the tossers will go and vote labour
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Labour needs to be kicked out of power and we should do every thing in our powers to stop labour destroying England more. .
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Gambling with our
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Why copy Canada and Australia?
The “Maple 8” is a group of vast Canadian pension funds, including the Ontario Teachers' Pension Plan, which manages assets worth, external C$247.5bn (£141.8bn), and the Canada Pension Plan, whose assets are worth, external C$409.6bn.While UK pension schemes tend to invest more in assets like equities and bonds, their Canadian rivals focus more on private markets.
The Ontario Teachers' Pension Plan, for example, only has 7% of its assets in listed equities, compared with 60% for traditional pension funds, external.
Instead, it skews its investments towards private markets, including infrastructure (including a 25% stake, external in British energy giant SSE), real estate and private equity deals.
This kind of model is not without risk, however.
The Ontario Municipal Employees Retirement System is the largest investor in the troubled Thames Water, which has been highlighted by those questioning Reeves' plans.
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Gambling with civil servants pension funds ? what could POSSIBLY go wrong
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What happened to doing away with 2 big 2 fail?
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