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[quote][i]Originally posted by Paul_J[/i] [quote][i]Originally posted by AndyKent[/i] [quote][i]Originally posted by Paul_J[/i] http://www.youtube.com/watch?feature=player_embedded&v=GEAGdwHXfLQ&t=30m22s Worth watching about 2 mins of this from 30m 22s ... Pension funds will be so raped by the time you get to pension age it's not worth wasting time on it [/quote] CBA watching a 50 minute film, but of the amount that goes in every month, I account for 25% of that, and my company 75%. So long as I get 25% of the fund value at the end I've not lost anything :thumbs: Entirely depends on the deal you can get. [/quote] That's why I said ... watch 2 minutes of it from 30m 22s... (NOT 50mins) I even fucking time stamped it to start at 30m22s. It's just an example of how pension funds take a beating left, right and centre. Our beliefs about pension funds and pensions in general stem from a 'older generation' ... our grandparents or parents had a pension and that's what we base our realities on. The fact is, with the scrapping of final salary pensions, the fees that get applied year on year, the fact HFT is skimming money off the top and that hedge funds use them as a win - win situation for the hedge fund (hedge fund takes profit, but doesn't suffer any losses since it's trading other people's money) - they get shafted. I have nothing against anyone putting in some small amounts that get matched by an employer, especially for tax benefits, but personally I wouldn't rely on a pension. I see it as a worst case scenario rather than a plan for my retirement age. [Edited on 12-11-2013 by Paul_J] [/quote]
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