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Sunday and the Week’s Media and other Stupid Statements September 30, 2018

Posted by guestposter in Uncategorized.
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Tellingly, almost three-quarters of people questioned [for the SSGA Global Retirement Reality Report by financial advisers State Street Global Advisers (SSGA)] (74 per cent) feel that it is their own responsibility to provide for their retirement – rather than relaying on their employer or the State to do their thinking and planning for them.This, says SSGA, augurs well for the success of auto-enrolment which the Government plans to introduce in Ireland from 2022.

And:

“In order to accumulate enough savings to fund a sustainable retirement, people will need to divert a meaningful amount of their earnings into their pension,” SSGA said. “Ownership and awareness are vital in order for auto-enrolment to work beyond the point of inertia.”

Comments»

1. Polly. - September 30, 2018

Wait, what, auto-enrollment into what? Are we being sold as tied customers again?

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WorldbyStorm - September 30, 2018

Into pension schemes, you can walk away from it, but you will be automatically enrolled.

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Polly. - September 30, 2018

Jesus am I fed up of being tied up in a bundle and sold to insurance companies.

Liked by 2 people

WorldbyStorm - September 30, 2018

And told it’s for our own good – to add insult to injury.

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GW - October 1, 2018

The likes of SSGA have auto-enrolled themselves into making a killing from compulsory pension savers.

From Wikipedia:

Lawsuits

In October, 2007, several pension funds sued State Street Corp. for the alleged mishandling of several bond funds managed by SSGA.[12]

In 2008, State Street Bank was sued by Trust Co. for Fixed Income Funds Investment.[13] The case was settled in 2010.[14]

In April 2009, a class action suit was filed against State Street, alleging SSGA chose illiquid, leveraged, and risky securities in their short-term, liquid fund products.[15]

Transparent publicly owned and controlled pension provision is the only form of pension that can avoid these parasites sticking their feeding-tubes into the pot.

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2. Starkadder - September 30, 2018

They were giving out free copies of the Sunday Independent in
Supermacs, so I picked one up to read while waiting for my
meal.
Eilis O’Hanlon wrote an attack on Fintan O’Toole in it, asking why
O’Toole was complaining about the sacking of Ian Buruma from the
New York Review of Books, but didn’t complain about the sacking of
Kevin Myers.

Well Eilis, that was over an article Kevin had actually written, not
an article that Kevin had agreed to publish.

Also odd that a woman quick to play the anti-Semitism card against critics of the IDF and Likud forgot that Myers was booted for writing anti-Semitic comments.

Liked by 1 person

WorldbyStorm - September 30, 2018

+1

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