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Electricians / Electrical Jobs
How Fair Is Agency Work?
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<blockquote data-quote="Technician" data-source="post: 350826" data-attributes="member: 15198"><p>Would go with Matty on this.</p><p></p><p>I have no idea if anyone followed the events of the Budget this week.</p><p></p><p>Up till then, you had no choice upon retirement but to purchase an</p><p></p><p>Annuity. All that changed with the Budget and it means that you can</p><p></p><p>now draw the ENTIRE pension as a lump sum on retirement.</p><p></p><p>But....and it is a big but.....the firms dealing with annuities were chipping</p><p></p><p>away at the pension pots of millions of us so that they could build</p><p></p><p>themselves nice brand spanking new premises.</p><p></p><p>During the budget speech the share value of these outfits dropped by</p><p></p><p>50% and kept dropping to a point where they are now 75% BELOW</p><p></p><p>where they were before the Budget.</p><p></p><p>Agencies are little better than this; if at all. They remind me of the many</p><p></p><p>pension companies and insurance outfits whose management costs</p><p></p><p>were too high and the customer was certainly not getting value for money.</p></blockquote><p></p>
[QUOTE="Technician, post: 350826, member: 15198"] Would go with Matty on this. I have no idea if anyone followed the events of the Budget this week. Up till then, you had no choice upon retirement but to purchase an Annuity. All that changed with the Budget and it means that you can now draw the ENTIRE pension as a lump sum on retirement. But....and it is a big but.....the firms dealing with annuities were chipping away at the pension pots of millions of us so that they could build themselves nice brand spanking new premises. During the budget speech the share value of these outfits dropped by 50% and kept dropping to a point where they are now 75% BELOW where they were before the Budget. Agencies are little better than this; if at all. They remind me of the many pension companies and insurance outfits whose management costs were too high and the customer was certainly not getting value for money. [/QUOTE]
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How Fair Is Agency Work?
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