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[Sir Tigger KC]

Platinum's up though! 

[STEMO]

Watching my pension fund lose thousands of £,s and can do nothing about it.
Im state retirement age at the end of October, but hoping to carry on until Im 70.
If this mess goes on for an extended period I will need to try and work until I drop, and hope that it happens well the other side of 70. 

You're not alone, Albs, it's carnage at the moment. At least you've got a few years for it to turn around, some poor bastards will be retiring within the next year.

Although.......your pension fund manager should have your pension invested in much less risky assets towards your retirement age, in order to avoid exactly this situation.

[Migv6 le Frog Fan]

You would think so. One is with Aviva, the other with my current employer who use Royal London.
I know for a fact they are crap as my daughter worked as a trader for them for about 5 years, until a couple of years ago.
What she experienced there put her off working in The City for life. She cant even bring herself to set foot in the square mile now.

[Doctor Gollum]

It will sort itself out as soon as the various governments stop being dicks.

However good or bad the company that holds your pension is is to a point irrelevant. What matters is where the money is actually invested.

My work pension is an Aviva scheme, but it's invested, as best as I can, largely in US based mutual funds along the lines of my Fidelity SIPP. Both are still well ahead of the amounts invested but because they're invested quite aggressively, they do fluctuate. I have no intention of doing anything with either as the overall performance exceeds the volatility.

I don't currently pay into the Fidelity one and the initial pot was about £27k, it peaked at £49k immediately after the US election but has been sat between £42k and £45k since although recently it's dropped to £39k.

My Aviva one is paid from my salary and was at about £10.5k a couple of months ago but is currently just over £9k from a payment pot of about £8k.

Just because you can take your state pension doesn't mean you need to touch your private one. So if you can wait a spell, do so.

[STEMO]

Come on in. Sit a spell.  The Beverly Hillbillies 

[STEMO]

Can't say I really understand how pension pots work. Wifey is going to retire in six years, when she is 60. Her Normal Pension Age (NPA) for her final salary pension is 60, but for her career average is 67. She is already up to 80% of her lifetime allowance, so around £800,000. She will probably not exceed the LA if she retires at 60, but at 67 she would well exceed it, and have to stop paying in. But career average is the best three years out of the last 10, so how would that work?
Plus....the government pays it anyway, not out of a pot which has accrued, just out of public funds. So what difference does it make how much is paid in each year?

[STEMO]

To complicate things further, when she retires, she will have to choose which scheme she wants to be used for 2016-2022, due to the McPherson judgment, which was brought by firefighters because of age discrimination. Phew.

[STEMO]

Fortunately, I probably won't be around to worry about it 

[Sir Tigger KC]

At some point they'll stop panicking and some savvy investors will see buying opportunities and things will settle down as they start to see opportunities in Trumps new reality.

Putting my tin foil helmet on, it's also entirely possible that the mass sell off is orchestrated by the WEF/Bilderberger globalists to force Trump to change course.    I love a good conspiracy theory though! 

[STEMO]

At some point they'll stop panicking and some savvy investors will see buying opportunities and things will settle down as they start to see opportunities in Trumps new reality.

Putting my tin foil helmet on, it's also entirely possible that the mass sell off is orchestrated by the WEF/Bilderberger globalists to force Trump to change course.    I love a good conspiracy theory though! 

Yep. Take profits at the top, and buy into the dip.


Someone on the telly said 

[Sir Tigger KC]

As usual the corrupt media are doing their best to spread panic and doom and gloom as well. 

The BBC's headline today is that US govt bonds are going up which will make govt borrowing more expensive, but they said very little about it as bonds were were going down over the last few days. 

[STEMO]

As usual the corrupt media are doing their best to spread panic and doom and gloom as well. 

The BBC's headline today is that US govt bonds are going up which will make govt borrowing more expensive, but they said very little about it as bonds were were going down over the last few days. 

Most of the media are using the scattergun approach . Just grabbing anyone who's willing to spout their particular brand of shite. You could watch two news programmes and they would exactly contradict each other.

[STEMO]

All of this makes Rachel's desire to force people into stocks and shares ISA's, instead of cash, look a bit dodgy as well

[Migv6 le Frog Fan]

I dont plan on taking either private pensions until November 2029.
I will take my state pension from November this year and plan on saving it until November 2029.
Hopefully this mess will be over and the markets will be on the up well before then.
Also hopefully, my health and job will still be ok until then.
If so, I can retire at 70 and not have to worry too much about financial matters.
A lot of "ifs" involved but we need to have some kind of plan I suppose. 

[STEMO]

I dont plan on taking either private pensions until November 2029.
I will take my state pension from November this year and plan on saving it until November 2029.
Hopefully this mess will be over and the markets will be on the up well before then.
Also hopefully, my health and job will still be ok until then.
If so, I can retire at 70 and not have to worry too much about financial matters.
A lot of "ifs" involved but we need to have some kind of plan I suppose. 

You have to ask yourself, Albs, what will you need when you retire? Unless you're planning to retire to the South of France, or buy a mansion, I'll bet it's not much. I know bills are quite high these days, but the are quite a few days when I spend absolutely nothing. I also know that a nice few bob in the bank makes you feel all warm and fuzzy, but I really don't think any of us will starve.