The Retirement Thread
1 lurker |
176 watchers
14 Nov
7:30pm, 14 Nov 2024
28,464 posts
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TROSaracen
Tom Selby, of investment service AJ Bell, said it was savers’ money at risk if investments backfired. He said: “My overarching concern is that the needs of the saver, whose money is ultimately going to be risked, is going to be forgotten about. “There’s a reason that an occupational scheme has a trustee to look after the interests of members. Part of it is investing their money to maximise returns and get the best retirement outcomes possible. Advertisement “Conflating a government goal of driving investment in the UK and people’s retirement outcomes brings a danger because the risks are all taken with members’ money. “If it goes well, everyone can celebrate. But it’s clearly possible that it will go the other way, so there needs to be some caution in this push to use other people’s money to drive economic growth.” |
14 Nov
7:38pm, 14 Nov 2024
4,862 posts
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Shades
They've been saying how well Canada and Australia have done making similar investments. But the Canadians have invested some of their pension funds in Thames Water and that's looking somewhat risky. |
14 Nov
8:13pm, 14 Nov 2024
29,359 posts
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Sigh
Ahh, thanks TRO. Thing is, how many UK mega projects have overspent in construction; quite a few. National Audit Office would have investigated, but without checking, I'd look at Wembley Stadium, Olympic Park, Channel Tunnel, Crossrail, HS1, HS2 and Hinkley 'C' as typical of the risks involved; not to mention many PFI schemes. |
14 Nov
8:55pm, 14 Nov 2024
6,540 posts
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Windsor Wool
Yes Sigh, agree and that was my point too. You’ve got to pick the winners. The Canadians bought in to existing infrastructure with strong, regulated returns. I’d rather my pension pot went on those than a HS2, for sure!! Shades - I think the shareholders of TW have done pretty well to date, that’s the whole issue! Not sure what happens if the company gets bailed out, I wonder what happens to the owners cash? |
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14 Nov
8:59pm, 14 Nov 2024
29,363 posts
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Sigh
Ooh, the Millennium Dome, that was another one.
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14 Nov
9:06pm, 14 Nov 2024
29,364 posts
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Sigh
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14 Nov
9:13pm, 14 Nov 2024
488 posts
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OO61
Indeed bigger funds should produce better investment, assuming they have free hand. As TRO says if Government has a say in any shape or form on selecting worthy projects, we should not trust them one inch.
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14 Nov
10:00pm, 14 Nov 2024
22,283 posts
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Cerrertonia
Windsor Wool wrote: You’ve got to pick the winners. The Canadians bought in to existing infrastructure with strong, regulated returns. Pretty sure Thames Water's impending financial doom will be at the cost of Ontario's municipal workers' pension fund. |
14 Nov
10:12pm, 14 Nov 2024
3,435 posts
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Mushroom
The Canadian Pension funds hold something like a trillion dollars. A poxy little 3 billion write down of Thames Water is only 0.3%, which is probably well within normal daily trading variances. That's one of the benefits of larger funds. Even one large bad investment will hardly register. |
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