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That may be great for an individual wanting steady decent growth, assuming it does as it's supposed to.
I do think there's a too high dependency on gilts with the RMPP. But it's a closed DB scheme, so it doesn't really need to grow too much. It just has to keep pace with its liabilities. There won't be any more pension for us if the investments do really well, or any less if they don't!
I doubt we'll ever see a DB scheme with £billions being managed, with 25% holding of gold.
I doubt any Occupational Pension scheme will own any Gold, its a shame as it's done well over the past 2000 years.
Not physical Gold, it earns no income and you have to pay the costs of keeping it securely but there are other ways of investing in precious metals, for example they could buy shares in Gold mining companies or invest in a fund which holds shares in such companies.
They might consider doing it with a small portion of the pension fund if their advisors think it a good idea.
That may be great for an individual wanting steady decent growth, assuming it does as it's supposed to.
I do think there's a too high dependency on gilts with the RMPP. But it's a closed DB scheme, so it doesn't really need to grow too much. It just has to keep pace with its liabilities. There won't be any more pension for us if the investments do really well, or any less if they don't!
I doubt we'll ever see a DB scheme with £billions being managed, with 25% holding of gold.
I doubt any Occupational Pension scheme will own any Gold, its a shame as it's done well over the past 2000 years.
Not physical Gold, it earns no income and you have to pay the costs of keeping it securely but there are other ways of investing in precious metals, for example they could buy shares in Gold mining companies or invest in a fund which holds shares in such companies.
They might consider doing it with a small portion of the pension fund if their advisors think it a good idea.
Gold Mining shares are way too risky, Physical Gold doesn't pay any income it just keeps your purchasing power over long periods of time.
It's has proven to be a safe haven and sits at the bottom of Exter's pyramid.
Milky, I'm surprised you would invest in bonds as part of your Permanent Portfolio. You keep on warning people on here that the bond market is going to implode imminently....... now you are suggesting putting 25% of your wealth into bonds!!
A bit of a turn around isn't it?
Milky, I'm surprised you would invest in bonds as part of your Permanent Portfolio. You keep on warning people on here that the bond market is going to implode imminently....... now you are suggesting putting 25% of your wealth into bonds!!
A bit of a turn around isn't it?
Do you even understand what the Permanent Portfolio is, and how it works?
Just pointing out how you say 1 thing on 1 thread and then contradict yourself on another.
Like with bonds...... worthless junk on 1 thread then you should have 25% of them on another thread.
Commiserating with people who are struggling with the cost of living on 1 thread then calling people who get into debt feckless on another thread.
Saying its practically impossible to transfer your RMPP pension out into a SIPP because you wouldnt be able to get a financial adviser to agree to it on 1 thread then miraculously a week or 2 later claiming your have it in a SIPP
Etc, etc ,etc.
Just pointing out how you say 1 thing on 1 thread and then contradict yourself on another.
Like with bonds...... worthless junk on 1 thread then you should have 25% of them on another thread.
Commiserating with people who are struggling with the cost of living on 1 thread then calling people who get into debt feckless on another thread.
Saying its practically impossible to transfer your RMPP pension out into a SIPP because you wouldnt be able to get a financial adviser to agree to it on 1 thread then miraculously a week or 2 later claiming your have it in a SIPP
Etc, etc ,etc.
I will explain, as you seem a bit dim.
Robert T asked how I would invest our Pension, off the top of my head I said the Permanent Portfolio which is low risk and designed to perform in all types of scenarios and has a decent track record.
Not sure why you are trying to conflate feckless people who buy things they can't afford with hard working people who are struggling with inflation.
I recently stopped paying into my RMDCP Pension so I could facilitate a transfer into my SIPP which now has been completed.
I didn't transfer my RMPP because it is nigh on impossible.
Hopefully this clears things up for you, I know comprehension isn't your strong point.
So, why did you stop paying into the RMPP and started contributing to the RMDCP?
Why would you refuse 13.6% employer contribution level in the RMPP to take 10% employer contribution level in the RMDCP?
Seems a bit odd.
But then again you have now spurned the 10% employer contribution level to put it in a SIPP.
So, why did you stop paying into the RMPP and started contributing to the RMDCP?
Why would you refuse 13.6% employer contribution level in the RMPP to take 10% employer contribution level in the RMDCP?
Seems a bit odd.
But then again you have now spurned the 10% employer contribution level to put it in a SIPP.
Better fund choices and my combined Pensions are getting close to the £12570 income tax limit so I prefer to use Stocks and Shares ISA's for the Tax free income.
I put my money into the RMDCP because it can be easily transferred into my SIPP.
BTW not tetchy, I just find your futile attempts to trip me up as rather pathetic
Over the last 5.5 years I've paid in on average £30 per week, approximately £8,500 into the DBCBS. It is now worth just over £32,000.
Do you honestly think you are going to beat that rate of return in your SIPP?
Over the last 5.5 years I've paid in on average £30 per week, approximately £8,500 into the DBCBS. It is now worth just over £32,000.
Do you honestly think you are going to beat that rate of return in your SIPP?
Would hope to, I'm heavily invested in Stocks and Funds that benefit from inflation .
Well Milly, good luck to you because I think you are going to have to beat a compounding rate of 43% over the last 5.5 years for the £30 per week on average that I have put into the DBCBS.
Well Milly, good luck to you because I think you are going to have to beat a compounding rate of 43% over the last 5.5 years for the £30 per week on average that I have put into the DBCBS.
Problem is that Gilts won't keep up with inflation going forward as the 40 year Bull market in Government debt is over and I certainly wouldn't want to have the majority of my money in yesterday's investment.
Once inflation compounds the Pension assets will lose value at an alarming rate.
And like I said there's no point me putting much more into my Pensions as the Government will take 20% of my income above £12570.
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