Thursday 20 March 2014

Hey ho ! The nazis are at it again.......

"They" make a rule, then the tory voting business heads work out a scam to cream off money, then they get too greedy and this comes to light, then the politicians panic and change that rule to pander to the voter, the industry that was "quids in" squeals like a pig and their supporters start rolling out criticism of that change.

We had the government's "budget" speech yesterday. A budget from a chancellor of the exchequer, who appears to have his eyes on further power (he doesn't need more money, he's already a multi-millionaire), so he's changed the rule that said that pension savings had to be used to buy an annuity. So now, new pensioners will be able to decide what they do with their pension money.

The pension management companies squealed at the loss of some of their share value and one of the "naysayers" stated that we'll all draw down all the pension money and fritter it away.......

But of course, that's not scaremongering is it.....

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