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Goverment after our pension fund

Royal Mail pension news and discussion.Please note the advise given in this forum is unofficial, please use the links we have for a more detailed response or see an independent financial adviser.
barbario
MAIL CENTRES/PROCESSING
Posts: 411
Joined: 31 Jul 2007, 11:28

Goverment after our pension fund

Post by barbario »

Does anybody think that this dispute is down to the fact the Goverment wants to raid our pension fund. Once we're destroyed,they can privatise us,and the rest is history.
piranha
EX ROYAL MAIL
Posts: 496
Joined: 01 Aug 2007, 09:30
Gender: Male

Re: Goverment after our pension fund

Post by piranha »

The problem is they already have raided it and must sort it out/pay it back. No private investors will touch it with a barge pole until that is sorted out because it is eating away at all the profits. Classic mis-management by the government, fools!
steven100
Posts: 1391
Joined: 09 Aug 2009, 12:35
Gender: Male

Re: Goverment after our pension fund

Post by steven100 »

If i'm right it was the Tories that allowed this to happen.
TrueBlueTerrier
FORUM ADMINISTRATOR
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Joined: 30 Dec 2006, 10:29
Gender: Male
Location: On my couch

Re: Goverment after our pension fund

Post by TrueBlueTerrier »

steven100 wrote:If i'm right it was the Tories that allowed this to happen.
apart from the allowed part yes your right - They made it happen they took the pension holiday and stripped PO/RM of its profits.
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End of the road
MAIL CENTRES/PROCESSING
Posts: 117
Joined: 01 Apr 2009, 01:58
Gender: Male

Re: Goverment after our pension fund

Post by End of the road »

What we have to watch for is RM walking away from the pension fund with the governments blessing.

that way they can wipe 10% off the pensions and it would all be legal. The government would then pick up the remainder of the fund and guarantee the 90% as is the current law.
I do not think much of a man who is not wiser today than he was yesterday.
Big Daz
Posts: 5668
Joined: 17 Apr 2007, 20:27
Gender: Male

Re: Goverment after our pension fund

Post by Big Daz »

steven100 wrote:If i'm right it was the Tories that allowed this to happen.

And Labour, the pension holiday ended during Labours 2nd term!!!

Pension holiday under Labour lasted for around 1 year less the Tories :shock: