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Showing results for tags 'cash'.
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According to the insurer Royal London, the cash values being offered are "eye-watering" sums, often tens of thousands of pounds more than a year ago. For someone with a pension income worth £20,000, it is not uncommon to be offered 30 times that amount - in other words, £600,000 in cash. With over 6 million people having been members of these schemes it must be looking increasingly likely that those leaving first will take the cream from the funds leaving no fat left for those who remain. I would be very concerned about the ability or willingness of a large number of companies to fund these funds as they collapse. Is the general opinion that it would be wise to get out now and move into a money purchase scheme? -
Even the banks themselves are now getting hacked off with the antics of the central banksters and are starting to mull storing their own excess deposits as cash instead of with the central bank: https://mishtalk.com/2016/06/08/negative-interest-rate-mutiny-in-germany-japan/ Just as well the central banks are abolishing the large notes to make this trickier for all concerned. I can see this being used as a pretext to get rid of physical cash, can't have people 'hoarding' their personal wealth when they could be out spending it and boosting the economy, as well as borrowing some more to cover their expenses.