Blog powered by Typepad

« Never, ever, even for a second, take your eyes off the bastards! | Main | Is the 'Kaiserin' about to bomb Athens out? »

Tuesday, 14 February 2012


Feed You can follow this conversation by subscribing to the comment feed for this post.

UK pension funds, run by professional investors acting largely as they wish, have reduced their gilt holdings over the last three years.

This wouldn't have anything to do with the constant whine about how the pension funds are charging enormous fees and cheating poor old fogies like me would it?

Full disclosure time. Yes, I have a (pitifully small) private pension and yes, I pay an inordinate amount in fees, but the entity I pay those inordinate fees to is HMFnRC who seeem to think that anything over and above the state pension, (which I also religiously paid into, including all the extra bells and whistles), makes me into some kind of over paid bankster* earning extortionate wages.

*(oops, Goodwined the thread. Sorry.)

No, Kevin, it just means that they wouldn't touch a British government IOU even with your money!

I probably didn't put that very well David, but what I was trying to get at was that when the pension companies stopped buying government IOUs, there seemed to be a rash of stories saying how nasty the pension funds were and how they were ripping off poor pensioners.

Purely coincidence I'm sure.

Absolutely! Who could doubt it?

The comments to this entry are closed.