Strike on 30th June

[JoeMercer'sWay]

Whoever gambled the pension fund pot during this financial meltdown should be hung ,drawn & quartered . I see there are job cuts proposed in the teaching profession , I was working at an Ofsted managers house yesterday,she stated "there are too many poorly trained teachers that are just simply not fit to teach our youngsters,expect a cull of the deadwood,this strike action will not help their cause".

that will mean progress hopefully in the whole education system, it needs an overhaul.

 

[gordondaviesmoustache]

Just listening to Radio 5 live now.

I keep hearing union officials come on and say 'we didn't cause this crisis'.....

Well actually in a sense the public sector was inadvertently complicit in creating this situation. Whilst the money was rolling in (from the 'banks' by the way) in the noughties, rather than put some of that money to one side for a rainy day it was frittered away unnecessarily on whimsical, ideology fuelled follies.

We are paying the price for that now.

 

[SWP's back]

Whoever gambled the pension fund pot during this financial meltdown should be hung ,drawn & quartered . I see there are job cuts proposed in the teaching profession , I was working at an Ofsted managers house yesterday,she stated "there are too many poorly trained teachers that are just simply not fit to teach our youngsters,expect a cull of the deadwood,this strike action will not help their cause".

Which pension pot are you on about?

You do realise that the majority of equity funds (of which pension funds account for a high percentage) are back to pre-credit crunch values?

People only lost out if they had not elected a lifestyling fund and took their pension in the last 24 months.

You appear to not understand the processes involved with regards to pension fund investments if you really think that pension funds should have invested wholely in fixed interest securities and cash.

 

[cockneycarparkm32]

Whoever gambled the pension fund pot during this financial meltdown should be hung ,drawn & quartered . I see there are job cuts proposed in the teaching profession , I was working at an Ofsted managers house yesterday,she stated "there are too many poorly trained teachers that are just simply not fit to teach our youngsters,expect a cull of the deadwood,this strike action will not help their cause".

Which pension pot are you on about?

You do realise that the majority of equity funds (of which pension funds account for a high percentage) are back to pre-credit crunch values?

People only lost out if they had not elected a lifestyling fund and took their pension in the last 24 months.

You appear to not understand the processes involved with regards to pension fund investments if you really think that pension funds should have invested wholely in fixed interest securities and cash.

I understand that as I have five ISA`s, 3 in running ,two on hold.I have a friend who looks after them for me ,I do a lot of work for ex-teachers some that have a lifestyle who have semi retired and invested their pot in other peoples businesses and get a wage out of it,others that have bought old houses that I do work on them and manage for them,same thing they get a wage a month out of it to top up their standard payments when things are tight they work on their investment. Not everything I have written is in black n white, I am on about the bigger picture,same way the financial advisors at Christies who ploughed a lot of their money into the Icelandic bank that was struggling,same way the money invested in Portugal and Greece . A lot of burnt fingers around Cheltenham & Gloucester . A lot of debt being bought up on the continent ,and still a lot of companies going to the wall , still no sign of lenders lending , banks pfft. when all my Isa`s mature this year I will not be putting a penny back in ,as I have been advised not to after 2012 :)

 

[law74]

Whoever gambled the pension fund pot during this financial meltdown should be hung ,drawn & quartered . I see there are job cuts proposed in the teaching profession , I was working at an Ofsted managers house yesterday,she stated "there are too many poorly trained teachers that are just simply not fit to teach our youngsters,expect a cull of the deadwood,this strike action will not help their cause".

that will mean progress hopefully in the whole education system, it needs an overhaul.

Sadly it will mean the opposite.
Many or the brightest young talent that is at the minute finishing their degrees and had been thinking about a VOCATION in teaching will now decide that they can earn more with less interference and stress in the private sector, likewise many of the brightest school leavers will seek a career outside the public sector meaning that in years to come, the people making and delivering legislation will be less able and less qualified than in years gone past.
If these people go into the private sector and make their companies more profitable and able to export more and we have to import less then the country will improve, however if the best are discouraged from helping future genertions for enhanced personal gain, then the nation as a whole will suffer for many years - generations to come.
But hey, as long as you are a front bench MP then your children will be privately educated, your pension (platinum plated), will be guaranteed, regardless of how long you last before the public see through your lies and disceptions.
When the members of the House of Commons change their pensions then they can come back to the rest of the public servants with a bit of integrity.
I am not holding my breath.

 

[SWP's back]

Whoever gambled the pension fund pot during this financial meltdown should be hung ,drawn & quartered . I see there are job cuts proposed in the teaching profession , I was working at an Ofsted managers house yesterday,she stated "there are too many poorly trained teachers that are just simply not fit to teach our youngsters,expect a cull of the deadwood,this strike action will not help their cause".

Which pension pot are you on about?

You do realise that the majority of equity funds (of which pension funds account for a high percentage) are back to pre-credit crunch values?

People only lost out if they had not elected a lifestyling fund and took their pension in the last 24 months.

You appear to not understand the processes involved with regards to pension fund investments if you really think that pension funds should have invested wholely in fixed interest securities and cash.

I understand that as I have five ISA`s, 3 in running ,two on hold.I have a friend who looks after them for me ,I do a lot of work for ex-teachers some that have a lifestyle who have semi retired and invested their pot in other peoples businesses and get a wage out of it,others that have bought old houses that I do work on them and manage for them,same thing they get a wage a month out of it to top up their standard payments when things are tight they work on their investment. Not everything I have written is in black n white, I am on about the bigger picture,same way the financial advisors at Christies who ploughed a lot of their money into the Icelandic bank that was struggling,same way the money invested in Portugal and Greece . A lot of burnt fingers around Cheltenham & Gloucester . A lot of debt being bought up on the continent ,and still a lot of companies going to the wall , still no sign of lenders lending , banks pfft. when all my Isa`s mature this year I will not be putting a penny back in ,as I have been advised not to after 2012 :)

Then enjoy losing the real value of your money! It's no skin off my nose and the advice you have received is shite, friend of yours or not. :-)

ps - Equity ISA's don't mature unless you took a structured product and if you did, you would understand how there are safeguards involved that would protect you from systematic risk in the event that the markets crash. However, on the whole, equity ISA's are invested in open ended products (Unit Trusts, OEIC's) but I am sure the 3 you have makes you more knowledgeable that little old me. (by the way, I acheived the status of Chartered Financial Planning after my positive exam today so I have an idea what I am on about|)

pps - The majority of what you just wrote is an awful lot of words with very little meaning. Ofcourse companies are going to the wall etc, that is only natural. Think of the capitalist economy as being akin to Darwinian Natural Selection, during a recession and a recovery (we're in recovery at present), the strongest survive and the poorly managed ones go to the wall leaving room for better companies to take their place and the whole process moves on.

 

[cockneycarparkm32]

^^^ going back to bricks and mortar,mate. paying off my mortgage ,remortgaging re financing a project with a couple of customers and my mate thats been helping me out . Got a couple of houses boxed off ,and going back to retrain ,starting to creak ;so I will at least be able to pay the trades and keep my hands in whilst starting up a new business . Been a drag financially the past 3 years but its paying dividents next summer ,got a plot I want to build on in the next three years before the planning is out . All back on track after a shit year working on a damaged knee ,keep telling myself it will be all worth it ;) . I`m off on my first holiday in years ,take it easy ...

 

[SWP's back]

^^^ going back to bricks and mortar,mate. paying off my mortgage ,remortgaging re financing a project with a couple of customers and my mate thats been helping me out . Got a couple of houses boxed off ,and going back to retrain ,starting to creak ;so I will at least be able to pay the trades and keep my hands in whilst starting up a new business . Been a drag financially the past 3 years but its paying dividents next summer ,got a plot I want to build on in the next three years before the planning is out . All back on track after a shit year working on a damaged knee ,keep telling myself it will be all worth it ;) . I`m off on my first holiday in years ,take it easy ...

Fair do's. So long as you know your markets, bricks and mortor will always outstrip cash in the long term. Hope it goes well for you.

 

[ultimateharold]

Whoever gambled the pension fund pot during this financial meltdown should be hung ,drawn & quartered . I see there are job cuts proposed in the teaching profession , I was working at an Ofsted managers house yesterday,she stated "there are too many poorly trained teachers that are just simply not fit to teach our youngsters,expect a cull of the deadwood,this strike action will not help their cause".

Which pension pot are you on about?

You do realise that the majority of equity funds (of which pension funds account for a high percentage) are back to pre-credit crunch values?

People only lost out if they had not elected a lifestyling fund and took their pension in the last 24 months.

You appear to not understand the processes involved with regards to pension fund investments if you really think that pension funds should have invested wholely in fixed interest securities and cash.

I don't think they've been healthier for ages SWP's. Been setting them funds up constantly at work recently.

Would you recommend CFP? I was offered the chance to do it for £200 and didn't like a bloody fool.

 

[cockneycarparkm32]

Whoever gambled the pension fund pot during this financial meltdown should be hung ,drawn & quartered . I see there are job cuts proposed in the teaching profession , I was working at an Ofsted managers house yesterday,she stated "there are too many poorly trained teachers that are just simply not fit to teach our youngsters,expect a cull of the deadwood,this strike action will not help their cause".

that will mean progress hopefully in the whole education system, it needs an overhaul.

Mate ,they are letting a wealth of experience walk out the door ,its sad really .They have been doing this for years and years its not a politically motivated move by one party its just the Managers way off saving money and getting his targets and wages ,same way with the health authorities . Ethics dont even come into it sadly . All that training and effort to have the goal posts moved again . Same as all the energy advisors and HIPs ,that spent thousands on quali`s to have it scrapped , two week plumbing courses where are they all gone ?. Renewables seems to be the new pyramid scheme, they have just dropped the pay in tarriff .<br /><br />-- Thu Jun 30, 2011 8:32 pm --<br /><br />

^^^ going back to bricks and mortar,mate. paying off my mortgage ,remortgaging re financing a project with a couple of customers and my mate thats been helping me out . Got a couple of houses boxed off ,and going back to retrain ,starting to creak ;so I will at least be able to pay the trades and keep my hands in whilst starting up a new business . Been a drag financially the past 3 years but its paying dividents next summer ,got a plot I want to build on in the next three years before the planning is out . All back on track after a shit year working on a damaged knee ,keep telling myself it will be all worth it ;) . I`m off on my first holiday in years ,take it easy ...

Fair do's. So long as you know your markets, bricks and mortor will always outstrip cash in the long term. Hope it goes well for you.

Cheers mate . Typical City start doing well and I`m flat out with work again . Good luck to you SWP.