The UK Pensions Deficit Time Bomb.

maneco64 (74) in market • 7 years ago

In this report I cover the UK pensions deficit and how it is a problem that few want to admit exists. I also look at the Pension Protection Fund and how inadequate it could be if the financial system comes under pressure like it did in 2008.

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7 years ago by maneco64 (74)

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preparedwombat (70) · 7 years ago

I’m amazed that Japan hasn’t already imploded. Terrible demographics and in debt up to their eyeballs. When Japan implodes, things will get ugly fast.

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1 vote

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jvorten (25) · 7 years ago

I think this problem might be even bigger in most EU countries

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1 vote

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maneco64 (74) · 7 years ago

Yes I think it is big everywhere int he so called "developed world"!

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dontlosehope (36) · 7 years ago

Here in our country mostly people fall in this pension problem

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agrostis (57) · 7 years ago

Excellent post.

Let us not forget Labour's pension tax raid (and others since the Seventies) by Gordon Brown's - a £10bn-a-year pensions grab from 1997.
In the late Nineties, many of these funds were in surplus – in other words they had more than enough money to meet current and future payments to retired workers.

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1 vote

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maneco64 (74) · 7 years ago

Yes @agrostis I remember that very well. Gordon Brown was one of the worst chancellors the UK has ever had in my opinion. He saved the bullion banks from a massive short squeeze in gold by selling half the UK's gold reserves and then drove the UK's banking system to the ground in 2007/08 and we are still paying for his actions.

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jwoox1991 (42) · 7 years ago

It's coming to America. Government is deadly.

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3 votes

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unclehermit (54) · 7 years ago

I just hope that they don't come after self invested pensions to fund the deficits in final salary schemes. That's like asking the people who took risk with their own money and didn't lose it all to bail out people that took risk with other peoples money and lost it. We would be on the verge of communism, at least for the little person, while those in control would continue to live a privileged and unjustified existence.

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2 votes

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brittishbear (27) · 7 years ago

i wouldn't be surprised if that did happen.

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intrepidsurfer (73) · 7 years ago

You try and tell people the whole pension system is not currently sustainable. That people are putting in a lot more than they will get back. Totally glazed over look.

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2 votes

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brittishbear (27) · 7 years ago

“It's easier to fool people than to convince them that they have been fooled.”
― Mark Twain

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1 vote

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brittishbear (27) · 7 years ago

This is why you should just invest the money yourself and buy bonds and shares. Don't buy shares so you can make money from price increase (this is your pension money) but buy shares you can make money from dividend and then take those dividend and keep reinvesting until you retire and you should retire with an income of more then what you put it. Bonds are also good but make sure they are low risk (again remember this is your pension money). At least 15% of your income should go for retirement.

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preparedwombat (70) · 7 years ago

Bonds are also good but make sure they are low risk

I think you would be hard-pressed to find any bonds that are low risk.

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1 vote

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brittishbear (27) · 7 years ago

you could do government bonds. Aren't bond considered one of the most lowest risk investment.
Also here are the safest bonds:
https://www.thebalance.com/lowest-risk-bonds-what-types-of-bonds-are-the-safest-417025

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dontlosehope (36) · 7 years ago

U think there is not pension problem with people. Because UK is develope country

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