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Pension Funds 'sitting On Billions’ For New Building

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http://www.telegraph.co.uk/finance/economics/10165551/Pension-funds-sitting-on-billions-for-new-building.html

British pension funds are ready to deploy up to £120bn of cash for infrastructure investment but say they need a “larger, safer and more investable gilt” than the Government has proposed.

“Our analysis indicates that, with the right investment vehicle provided by government, UK pension funds could deploy enough capital into infrastructure to fund HS2 three times over,” said Hugh Nolan, a director of JLT Employee Benefits, which advises UK pension funds.

Roger Mattingly, president of the Society of Pension Consultants, agreed. “The Government is not only behind the timeline on its infrastructure aspirations but also behind the times,” he said.

The Government established the Pensions Infrastructure Platform (PIP) in March last year as a vehicle to attract the funds that were then supposed to start being deployed in January this year.

Ten pension funds, including a British Airways scheme, Lloyds TSB and the Railways Pension scheme, have so far signed up. But only around £2bn of investment has come in, and deployment has been delayed.

Nice the govt is now planning to raid everyone's pension to pay for more reckless infrastructure spending which will produce very little apart from over paying for said infrastructure.

The proles will all work until dead and the elite will squander all your hard earned cash...

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I'm sure some of the trillions shunted off shore could be used too, but seems Joe Public's savings have to be tapped first.

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http://www.telegraph...w-building.html

Nice the govt is now planning to raid everyone's pension to pay for more reckless infrastructure spending which will produce very little apart from over paying for said infrastructure.

The proles will all work until dead and the elite will squander all your hard earned cash...

You've typed some random words in seemingly no particular order there IRRO.

What do they mean and why are you so against investment? What else do you believe savings are for?

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You've typed some random words in seemingly no particular order there IRRO.

What do they mean and why are you so against investment? What else do you believe savings are for?

Sound blue chip investments. Indeed I thought that was a legal requirement.

Not dodgy speculative ventures which only the government (and pensioners it seems) are willing to stump up the cash for.

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You've typed some random words in seemingly no particular order there IRRO.

What do they mean and why are you so against investment? What else do you believe savings are for?

I'm all for infrastructure but the govt should be using the global depression to get it done on the cheap, rather than over paying.

How many govt expenditure projects have come at cost or god forbid under budget?

This plan is all about spending money now to keep the status quo and prices up. Plus how the hell do the pension funds get paid back the govt is already running a £100bn + deficit and the plan is to take on even more debt to boost infrastructure. What infrastructure, building HS2 so London can suck even more wealth out of the North?

How about repairing and rebuilding the Northern canals to move goods around and get trucks off the road?

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I'm all for infrastructure but the govt should be using the global depression to get it done on the cheap, rather than over paying.

How many govt expenditure projects have come at cost or god forbid under budget?

This plan is all about spending money now to keep the status quo and prices up. Plus how the hell do the pension funds get paid back the govt is already running a £100bn + deficit and the plan is to take on even more debt to boost infrastructure. What infrastructure, building HS2 so London can suck even more wealth out of the North?

How about repairing and rebuilding the Northern canals to move goods around and get trucks off the road?

I don't think there is a list concerning the above (in bold) for one reason

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So private pensions are also to become non-existent just like public sector ones.

Maybe the gold bugs have a point, either that or you may as well spend it before they come and take it away.

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You've typed some random words in seemingly no particular order there IRRO.

What do they mean and why are you so against investment? What else do you believe savings are for?

Why would anyone in their right mind invest in a demographically dying nation like the UK or continent like Europe for that matter? Who on earth in going to use HS2. No one wants to go to Birmingham, and in 20 years time when/if the bloody thing is completed the working age population will be smaller than today.

May as well invest in Japan.

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So private pensions are also to become non-existent just like public sector ones.

Maybe the gold bugs have a point, either that or you may as well spend it before they come and take it away.

Thats the general idea. Portable, and most importantly globally traded.

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I think this more about the pension funds looking for higher guaranteed yields than gilts.

Why would the government issue higher paying debt rather than just issuing more gilts?

EDIT: The answer must be OFF BALANCE SHEET.

Guaranteed as in BTL guaranteed, everyone onto a winner? Sounds like a plan that can't go wrong...

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I think this more about the pension funds looking for higher guaranteed yields than gilts.

Why would the government issue higher paying debt rather than just issuing more gilts?

EDIT: The answer must be OFF BALANCE SHEET.

WOT?...no QE?

This is what QE destroys....why wouldnt a pension fund by gilts for their guaranteed returns...why do they need a SPECIAL gilt to do this?

Soon, youll need special ££££s to buy food as the ones you had through earning and toil arent as highly regarded as ones you were forced to borrow.

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  • 241 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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