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Chit Chat
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Museji Takolia The chair of the Pensions Advisory Service has stood down from his position after being declared bankrupt.
He was appointed to his position earlier this year by the Department of Work and Pensions, who described him as "a champion of savers".
PMSFL U CANNOT MAKE IT UP
He was appointed to his position earlier this year by the Department of Work and Pensions, who described him as "a champion of savers".
PMSFL U CANNOT MAKE IT UP
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Replies: 17
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Speaks volumes for the utter ineptitude of the DWP..
Like May and the Tory government - despicable. |
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ideal puppet for the government with a typical do as i say not as i do attitude
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their plan to release cash from pension pots to help the economy will back fire big time in a few years.
just something to add to the harm brexit will cause. that debt to gdp figure will have passed 200% in no time |
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Yep. Akin to Thatcher selling off Council houses.
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I still don't understand why they did that, was it just for a quick tax hit?
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shirley it was because buying an annuity is a mugs game and some folk
would have taken it to court and government would end up bankrupt. its been a massive con for decades |
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Giving people a choice how to spend their money......its an outrage!
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Yeh, out of the goodness of the Tories heart !!!!
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A con, to get people to cash in their pensions, and then spend it - thus putting monies into the economy. A gamble on potential short term gain ( to make headlines) vs guarantee of long term disaster with people not having a pension pot big enough to live on - and therefore increase in required benefits.
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...you're right less choice is the way forward....everyone should be forced to take out a crap rip off annuity.
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Annuities are crap because inflation is non existent, same reason why no interest on savings.
Banks don't want you to save. Loans/ debt is cheap. As are Mortgages, but only rich people can afford to buy a house. The cup will runneth out ! And then the shlt hits the fan |
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no one was forced to buy annuities anyway Baron, they could use drawdown. I really do think that Osborne had an eye on short term revenue as plenty had no idea how the tax worked.
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I repeat - it was a con.
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Of course it was used to boost the economy everyone knows that.
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in response to the op
i hadnt heard this news, this is classic. |
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yes |