Ed Miliband and the Labour Party

[Foxholer]

Sorry, hadn't meant to be obtuse, I just did not think many people would be interested.

However, to answer your point; yes the reason for the ACT changes having much more effect upon Defined Benefit Schemes is largely due to different investment strategies.

The objective of such schemes is to be able to provide their members with a promised (not guaranteed) benefit at vesting. As this benefit will primarily be in the form of an income (pension) the Scheme's investment strategy will always have a high dependence upon those sectors that a have a relatively high yield such as gilts and "income" rather than "growth" equities.

Therefore, Mr Brown's changes had a dramatic effect since they reduced the yield on those equities and at a time when gilt yields were also falling.

Ah. That's more along the lines that I thought it was! Even so, the tax take is reportedly twice as initially forecast, so obviously hasn't deter investors, a sizable number of whom will actually be Pension related Funds!

From what I remember (it was 15-20 years ago) 'performance' of Fund Managers was measured against (long term?) Gilt rates, though one of the Fund Managers where I worked (in IT) apparently measured 'performance' differently - with Cocaine, Oranges and Autoerotic Asphyxiation according to the Red-Tops!

 

[Deleted member 18588]

The State could waste far less money!

Doubtless you will enlighten us on this issue.

 

[Deleted member 18588]

Ah. That's more along the lines that I thought it was! Even so, the tax take is reportedly twice as initially forecast, so obviously hasn't deter investors, a sizable number of whom will actually be Pension related Funda!

Final Salary schemes continue to be amongst the largest of investors as they continue to have liabilities to existing members, who may still be accruing benefits; those with preserved benefits and pensioners. This is often forgotten when schemes cease to accept new members.

This being so and for the reasons previously stated they will continue to invest in equities with decent dividend performance as they still have little alternative.

 

[delc]

Doubtless you will enlighten us on this issue.

MP's expenses and Foreign Aid might be a good start! :mmm:

 

[Doon frae Troon]

MP's expenses and Foreign Aid might be a good start! :mmm:

Followed by London weighting of salaries for public service workers.

 

[Deleted member 15344]

MP's expenses and Foreign Aid might be a good start! :mmm:

So what do you think of my map which showed the difference between the North and South disposable income ?

Seems a bit different to your "experience" ?

So who is your local UKIP candidate that you will be voting ?

 

[delc]

So what do you think of my map which showed the difference between the North and South disposable income ?

Seems a bit different to your "experience" ?

So who is your local UKIP candidate that you will be voting ?

I'm originally from the West Midlands. Nobody up there seemed to drive around in old cars, but there are a right collection of old bangers down here!

I've no idea who any of our candidates for next year's election are, and at the moment I don't care!

 

[Deleted member 18588]

MP's expenses and Foreign Aid might be a good start! :mmm:

Two populist targets and yet neither accounts for very much of the overall bill.

To make any significant difference to tax-bills would require further constraints being placed upon health, welfare, education and defence.

If we, as a country, are still wasting money in the above areas the question must be asked why this waste has not already been addressed.

 

[Deleted member 15344]

Your basing the whole disposable income on what cars people drive ?!?!

So again you have nothing to base your statements on

So who are you voting ?

 

[Deleted member 18588]

]QUOTE=Liverpoolphil;1186697]So what do you think of my map which showed the difference between the North and South disposable income ?

Seems a bit different to your "experience" ?

So who is your local UKIP candidate that you will be voting ?

I'm originally from the West Midlands. Nobody up there seemed to drive around in old cars, but there are a right collection of old bangers down here![/QUOTE]

Only just seen this and cannot believe it.

I live on the outskirts of the West Midlands and see plenty of older cars everyday in Solihull, Birmingham, Coventry and so on.

 

[chrisd]

I've just read the last couple of days postings in order to post a significant question - so, "what waterproofs do you think i should buy?"

 

[Foxholer]

Final Salary schemes continue to be amongst the largest of investors as they continue to have liabilities to existing members, who may still be accruing benefits; those with preserved benefits and pensioners. This is often forgotten when schemes cease to accept new members.

This being so and for the reasons previously stated they will continue to invest in equities with decent dividend performance as they still have little alternative.

Ah yes! Good point - that, I have to admit, I had indeed 'forgotten'!

@Chrisd seems 'depth of pocket' is a major consideration for both you an the Waterproofs!

 

[delc]

Final Salary schemes continue to be amongst the largest of investors as they continue to have liabilities to existing members, who may still be accruing benefits; those with preserved benefits and pensioners. This is often forgotten when schemes cease to accept new members.

This being so and for the reasons previously stated they will continue to invest in equities with decent dividend performance as they still have little alternative.

Hope my pension scheme doesn't go bust! A Church mouse would struggle to exist on the basic State Pension (I was contracted out for most of my working life!). :mmm: