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3rd August 2022, 06:16 | #11 |
Regional Secretary
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If one needs to make a journey, then fuel is needed. I had to do that on Monday, so popped in to my local Tesco ( always the cheapest) for a dose of E5 at £190.9 per litre, Tuesday, it dropped to £183.9, doh!
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3rd August 2022, 07:44 | #12 |
I really should get out more.......
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3rd August 2022, 09:00 | #13 |
Gets stuck in
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£1.88.9 for 99 rons Tesco untimate here...
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3rd August 2022, 09:26 | #14 |
This is my second home
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All of the pension providers in every company and enterprise have committed gamblers of varying expertise and experience who invest heavily right across the share/dividend markets.
Their portfolios contain stars (and duds - until proven otherwise). Actuaries have preferences based on a combination of their personal opinions and experience and are extremely competitive but are governed by their Boards. Basically, they are sheep being chased by a dog called Lossie. So they, well nearly all of them, run in the same direction. The mavericks amongst them never ever use their own money, but rely on those with funds to gamble with and hope for massive gains. They have ample funds to take a chance with. Every pension provider has a mix of these wizards and their results ultimately guide the pension departments of the companies and enterprises that actuarily, now there’s a relevant word, govern pension payments. In short, a high stakes game of Poker. And, as ever, every game has a pig in it. Right at the end of this serpentine money trail lies the pensioner. The only part of it that has no control or input. But plenty of crumbs.
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member no. 235 Last edited by wraymond; 3rd August 2022 at 09:32.. |
3rd August 2022, 10:20 | #15 | |
This is my second home
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You are absolutely right. There are broadly three types of pensions 1. Private pension - where the individial builds up a personal pension pot with a financial firm who invest the money in various stocks and expect to achieve a return so that the projected pension can hopefully increase with time in line with inflation. 2. Company provided pensions - which are another form of a private pension but managed by the company's pension scheme and overseen by trustees. 3. State pension. The first two invest the pension funds across a range of sectors including property, energy, aerospace etc. and rely on achieving a higher-than-inflation return in order to keep paying individual pensions linked to an index such as RPI or CPI. All those who object to shareholders receiving company profits are in fact saying that they do not wish their pension if in one or both of the first two categories to increase with time and inflation. They should really put this in writing to their pension provider who I am sure will be grateful for their principles led position! Similarly, there is a simple solution for those who consider the pension fund investment manangers to be some sort of undesirable gamblers - do not partake in a company or private pension and enjoy your principles on circa £158 a week state pension plus personal savings.
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3rd August 2022, 10:36 | #16 |
Give to Learn
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Boycott BP & Shell
I have refused to purchase any of my fuel from BP, Shell, or Esso, since the pandemic started, once they put up their fuel prices, they are the first to raise them and last to let them drop.
Only way to deal with these giants is to mass boycott their fuel garages, it will let them know we are not going to stand for it. Trouble is though we the British/English cannot stick together on anything, so it will never happen.
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Arctic Givology Learn to Give Everything is Achievable ad altiora tendo. Check out our Nano meet dates http://www.midlandsnanomeets.co.uk/ http://www.the75andztclub.co.uk/index.php?thepage=howto " You do the work , we supply the expertise " |
3rd August 2022, 11:25 | #17 | |
Posted a thing or two
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3rd August 2022, 11:42 | #18 | |
This is my second home
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This also means that regardless of the retailer we use for our fuel purchase, it is Shell, BP ... that will make the majority of the profit from the current price of oil through the process of extraction and refining. I can see from your post #6 and the one above that you are one of a very small percentage of the public who understand service component based pricing and regulated 'equivalence of opportunity'.
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3rd August 2022, 13:38 | #19 | ||
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Thank you for the explanation, interesting but they will still not get my money ever from now on. And i still think if they were boycotted it would make them sit up and think.
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Arctic Givology Learn to Give Everything is Achievable ad altiora tendo. Check out our Nano meet dates http://www.midlandsnanomeets.co.uk/ http://www.the75andztclub.co.uk/index.php?thepage=howto " You do the work , we supply the expertise " |
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3rd August 2022, 14:17 | #20 | |
Gets stuck in
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As discussed there are different formats for private pensions, one where you have more control is a SIPP, where you take advice, but you decide what your money is in vested in. When you retire you can then take an income and still invest, draw some leave some, more flexible, you need good advice, it’s all a mine field...
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