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Guest The Relaxation Suite

Australians Raid Pensions To Keep Their Homes

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Guest The Relaxation Suite

"Financial counsellors say they are hearing from increasing numbers of people who are desperate to hang on to their most precious asset."

Well it's not their asset is it, if they have to take money out their pension to keep it! It's the bank's asset. Anyway....40% off pricesd in Australia required and inevitable.

http://www.optuszoo.com.au/news/state/news-com-au/desperate-borrowers-drain-super/332301

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"Financial counsellors say they are hearing from increasing numbers of people who are desperate to hang on to their most precious asset."

Well it's not their asset is it, if they have to take money out their pension to keep it! It's the bank's asset. Anyway....40% off pricesd in Australia required and inevitable.

http://www.optuszoo.com.au/news/state/news-com-au/desperate-borrowers-drain-super/332301

...spread it and put some on the lottery.... <_<

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Guest The Relaxation Suite

...spread it and put some on the lottery.... <_<

I'm sure they're doing that too. I read that (switching countries) a lot of people in the US play the lottery purely as a means to try and secure healthcare. Not good either.

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Investment bankster hucksters worried about people taking money out of their pensions early , means they have less money to support their pyramid schemes.

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Investment bankster hucksters worried about people taking money out of their pensions early , means they have less money to support their pyramid schemes.

...thought 80% of pension contributions went on commissions ...no wonder these guys are panicking.... :)

Pension firms 'take up to 80 per cent of contributions in fees'

Savers are losing as much as 80 per cent of their pension contributions in fees and commissions, according to a BBC investigation.

http://www.telegraph.co.uk/finance/personalfinance/pensions/8039919/Pension-firms-take-up-to-80-per-cent-of-contributions-in-fees.html

..stick to the lottery.... :)

Edited by South Lorne

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Guest The Relaxation Suite

...thought 80% of pension contributions went on commissions ...no wonder these guys are panicking.... :)

http://www.telegraph.co.uk/finance/personalfinance/pensions/8039919/Pension-firms-take-up-to-80-per-cent-of-contributions-in-fees.html

..stick to the lottery.... :)

This is a failure of government of course, because as we are discussing on another thread, private firms would kidnap people off the street and turn them into glue if they could increase their profits in doing so, and the only way they stay on the straight and narrow is by regulation. Sad but true. Human nature is not going to change. Clearly more regulation is required to ensure that pension firms aren't able to steal as much money as this from their contributors.

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  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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