Carillion going bust

  • Thread starter Thread starter worsleyweb
  • Start date Start date
Blue Maverick said:
That’s good news then for some the others poor bastards, honestly why would anyone bother in putting money into a company pension these days, buy property or land, at least you have control.
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This 100%, saw the look on my parents face when they found out what should of been a nice retirement plan worth next to nothing, I've not put a bean into any "schemes" nor will I.

Gold, property and cash.

Sent from my Armor_2 using Tapatalk
 
DavidWhitesBoots said:
This 100%, saw the look on my parents face when they found out what should of been a nice retirement plan worth next to nothing, I've not put a bean into any "schemes" nor will I.

Gold, property and cash.

Sent from my Armor_2 using Tapatalk
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Certainly three decent assets to hold as part of a portfolio yes.
 
SWP's back said:
Wholly agree mate but the other option is transferring out of the defined benefits scheme and putting it into your own pension pot so no other fucker can screw the pooch.

Plus is you die with a DB scheme your spouse gets 50%, if she goes your kids get naff all. If you move it into your own private pension then you can leave everything free of any tax to your beneficiaries.
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It's been a long-standing bugbear of mine that I've never been offered the chance to be part of a company pension scheme here at work but when I see stuff like this, I'm grateful for having a SIPP. Granted, my own contributions into it probably aren't as great as if I was in a DB scheme but at least there's a bit more protection.
 
blueinsa said:
Interserve are next.

15% fall in their share price with ministers said to be extremely worried about the state of the company.

It's an absolute disgrace.
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I've been onto to our company directors this morning as our cleaners work for Interserve and we have union members. He told me "We are prepared and will contact the relevant union as and when required." Make of that what you will....

Len Rum said:
Jezza owning the Carillion debate at PMQs.
Mavis sounding like an accountant.
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She kept saying "The government is a customer" refused to take responsibility and threw it back about Labour PFI contracts. I've never seen Corbyn so pissed off at her non-refusal to answer his questions.
 
worsleyweb said:
Blair and Pfi have more than played a part in this I can assure you.
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So what, I'm looking to the future now. You're looking back eight years and more to score some cheap party political points.
We're a totally different Labour Party now.
Labour would scrap PFIs, Tories will carry on with them - there's the difference.
 
blueinsa said:
It’s criminal mismanagement that people should go to jail for.
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That is exactly right. The mismanagement is right from the Government downwards. As per usual lots of wealthy people greasing their own palms and then leave small companies and their staff to rot when it all falls apart.
 
Blue Maverick said:
That’s good news then for some the others poor bastards, honestly why would anyone bother in putting money into a company pension these days, buy property or land, at least you have control.
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Simple, because most big companies offer a pension scheme in which the company puts money in for you, provided you contribute too. So if you put in 3%, they'll put in another 6% for example. Why would ANYONE turn down a free extra 6% of their salary??? You'd be bonkers to say no thanks.
 
The government should take over Carillion, break the company up, keeping the profitable sections as going concerns, then start building some affordable houses for people, ones that people can afford to buy, not the so called affordable housing that nobody in need can afford... They knew about carillions problems months and months ago, if not years, when they started short selling shares and falsely inflating profits to ridiculous levels.
I know it sounds simplistic but why can't we have a state run house builder ?? Sidetracked a bit there ;-) always get a bee in my bonnet about this type of thing, then bring affordable housing into it...!
 
Blue Til Death said:
The government should take over Carillion, break the company up, keeping the profitable sections as going concerns, then start building some affordable houses for people, ones that people can afford to buy, not the so called affordable housing that nobody in need can afford... They knew about carillions problems months and months ago, if not years, when they started short selling shares and falsely inflating profits to ridiculous levels.
I know it sounds simplistic but why can't we have a state run house builder ?? Sidetracked a bit there ;-) always get a bee in my bonnet about this type of thing, then bring affordable housing into it...!
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You would have thought that we could have some state run businesses. But it won’t happen. Take the East Coast Train Service, it was taken off National Express and back into government hands. The problems were fixed and it was returning a health profit but they still couldn’t wait to put it back in the private sector.
Just doesn’t make sense.
 
Kompany Car said:
You would have thought that we could have some state run businesses. But it won’t happen. Take the East Coast Train Service, it was taken off National Express and back into government hands. The problems were fixed and it was returning a health profit but they still couldn’t wait to put it back in the private sector.
Just doesn’t make sense.
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It does when you realise privatisation is driven by ideology.
 
Kompany Car said:
Just doesn’t make sense.
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To us ordinary working class folk no it doesn't and it isnt supposed to either.

To mates in the City and the business fraternity it makes perfect sense unfortunately.

Like i said earlier, Interserve are next to go belly up and its a joke.
 
It is time questions were asked about these kind of caompanies and how they get governman contracts no matter what. G4S are another one, it has been proved that they have acted criminally and stolen money from the government, any other company would be kicked into the long grass, any other individual and they would be in prison, G4S just get another contract. Carillion has been mismanaged at such a high level it can only amount to fraud but nothing will be done about it. Too many fingers in pies.
 
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