Pension stuff, how's it all looking ? HAve you prepared ?

[Yorick]

Anybody heard of Premier Miton?

A pal stuck £15k in and just got notice it's gone up by 15% in just 6 months.

Seems too good to be true? Any info?

https://www.premiermiton.com/

[Mr. Dazzle]

Loads of funds and the like have gone up 15% in the last 6 months...some have gone up more than that. Loads have gone down by the same amount or more. That's just the nature of some kinds of funds.

With these ones which show big gains it's very very likely they've had equally big drops in the last year or two. You have to consider decade long timescales.

If you're saying it's gone up 15% and it's guaranteed to stay up there, I would definitely agree that's too good to be true.

[gremlin]

Anybody heard of Premier Miton?

A pal stuck £15k in and just got notice it's gone up by 15% in just 6 months.

Seems too good to be true? Any info?

https://www.premiermiton.com/

I stuck a monkey in Nutmeg just to get £50 of JL vouchers. That's up c. 15%.

Equity and property markets are warming to rate cuts, so no surprise.

[Count Steer]

Their share price has gone up from 53p to 83p over the last few months (PMI on the LSE). I'd say the boat has been missed in investment terms, the general view seems to be that the price exceeds fundamentals ie the company isn't worth what the share price is and it'll come back in line.

However, I haven't looked into why they've outperformed.

I won't be diving in.

[Horse]

the truth is no one can properly time it, so you need to be in a position where you don't need it quickly and you can pick and choose your moment to withdraw it.

If it's for pension provision, much of that timing luxury is taken away.

[Cousin Jack]

the truth is no one can properly time it, so you need to be in a position where you don't need it quickly and you can pick and choose your moment to withdraw it.

If it's for pension provision, much of that timing luxury is taken away.

Any investment that you need to draw down at a specific point is going to be a risk.

Hopefully interest rates stay sensible now and you can draw down and put it in something that might not return as much but be less risky.

That was why the general idea was to move towards Gilts as retirement approached. Gilts are nice stable little earners.
Then someone had the bright idea of outsourcing the Gilt stuff. And then along came Liz Truss.

[Horse]

If it's for pension provision, much of that timing luxury is taken away.

Any investment that you need to draw down at a specific point is going to be a risk.

Hopefully interest rates stay sensible now and you can draw down and put it in something that might not return as much but be less risky.

That was why the general idea was to move towards Gilts as retirement approached. Gilts are nice stable little earners.
Then someone had the bright idea of outsourcing the Gilt stuff. And then along came Liz Truss.

[X] Yup. I'm in the lucky position of having partial final salary scheme and Filly still working until after I get the state pension.

Giving the 'savings' type a chance to recover.

LT was PM in '22, just ahead of me retiring in mid-23 ... So all of mine had been transferred to those 'safer' investments.

[Count Steer]

Just got an email from Hargreaves Lansdown, with the following...

"Cash is king for the short term - If you need the money within the next five years – cash savings carry less risk. With competitive savings rates still around 5%, there’s opportunity for good returns..."

That's just a tad from an investment company!

I wonder if it means that I might claw back some of what Liz Truss owes me on my Blackrock Cash fund.....nice, safe, rock solid, low risk.....but not Truss/Kwarteng proof.

[Count Steer]

Just got an email from Hargreaves Lansdown, with the following...

"Cash is king for the short term - If you need the money within the next five years – cash savings carry less risk. With competitive savings rates still around 5%, there’s opportunity for good returns..."

That's just a tad from an investment company!

They have a platform and you can access various accounts through them.

Cash at 5% is a nice safe place to be though for the next few years.

I was thinking that they make their money on dealing/transaction charges but if it's platform fee only I guess you can get 5% without them siphoning too much off. I don't think I pay platform fees because of a pension lump in there with mine. Wife's account charges seem higher than mine and she hasn't got a pension in there, just ISAs.

[v8-powered]

I've got cash in at 5.19% at the mo' Happy with that.

[Yorick]

Most of my ISAs are over 5%. Tax free, innit?

[Count Steer]

Thought this might be of interest as some of it relates to pensions/retirement. 5 rules.

https://www.fidelity.co.uk/markets-insi ... -D8c0jUof0

The 100 minus your age rule on the % to have in equities and the one about how many years it takes to double an amount based on an interest rate were quite interesting.

[JackyJoll]

Thought this might be of interest as some of it relates to pensions/retirement. 5 rules.

https://www.fidelity.co.uk/markets-insi ... -D8c0jUof0

The 100 minus your age rule on the % to have in equities and the one about how many years it takes to double an amount based on an interest rate were quite interesting.

Interesting and readable!

[Mr. Dazzle]

Thought this might be of interest as some of it relates to pensions/retirement. 5 rules.

https://www.fidelity.co.uk/markets-insi ... -D8c0jUof0

The 100 minus your age rule on the % to have in equities and the one about how many years it takes to double an amount based on an interest rate were quite interesting.

I have a couple of "Target retirement year XXX" funds, ones which automatically ramp between various equities, bonds etc.

Judging from the splits they currently have, the (supposed) experts who run them certainly don't believe in the 100 minus rule

[Horse]

IIRC mine shifted to 'safe'[er] about 10% per year from age 55 on.

[Count Steer]

Thought this was interesting. How much would you need to generate an income equal to the full State Pension?

https://www.fidelity.co.uk/markets-insi ... sY9CpDAYmK

Answer: About £225k in an annuity and about £290k in a drawdown pot. Not too shabby but I haven't calculated the value of what you put in to get it.

[Treadeager]

According to the " ftadvisor " , less than half the folk eligible for the " new " state pension actually receive the full amount . I've never been out of work in my life and have 48 years of full NI contributions, but I don't receive anything like the full amount . That is partly to do with always contributing to decent company pensions , but also do with the NI rules changing in 2016 . It's complicated !

[Count Steer]

According to the " ftadvisor " , less than half the folk eligible for the " new " state pension actually receive the full amount . I've never been out of work in my life and have 48 years of full NI contributions, but I don't receive anything like the full amount . That is partly to do with always contributing to decent company pensions , but also do with the NI rules changing in 2016 . It's complicated !

Complicated? It certainly is! Mine seems reasonably straightforward but my missus's is a bit like yours and she deferred it for a year to bump it up. Now she gets a pension statement that's completely impenetrable AND it's impossible (to me or her) to see if she's getting the benefit of deferring. All I can see is that she gets a bit more than me so just assume she is. (Add in that the shift in women's pension age was compensated for by her company pension scheme to cover the gap and now they're wondering whether they paid too much...nightmare! ).

The 'opting out'/SERPS stuff just made everything too complicated. No wonder they don't want to have to start applying tax to their systems (or do means testing etc etc).

[weeksy]

Right there was one thing i wanted to ask/clear up.

"If you take out some/all of your 25% you can then only put £10,000 a year into your pension in the future"

Someone posted this on another pension discussion. This would be a bit of an issue for me potentially... but just need some clarification on it please ?

[gremlin]

Right there was one thing i wanted to ask/clear up.

"If you take out some/all of your 25% you can then only put £10,000 a year into your pension in the future"

Someone posted this on another pension discussion. This would be a bit of an issue for me potentially... but just need some clarification on it please ?

I'm pretty sure Mrs. G asked this when we went see our FI last year and was told the answer was no, that's not the case.

I can't recall why, as at that point the coffee and biscuits came in and I saw they had shortbread....