Is Your Pension Safe If Your Firm Goes Bust?
The Financial Services Compensation Scheme (FSCS) is a government-backed compensationschemethat’s designed to protect you from losing money if a regulated financial services firm goes out of business. If an authorised firm goes bust and can’t repay your money, the FSCS will provide compensation ...
Is the money I hold in a private pension safe? Registered private pension schemes in the UK are regulated by the Financial Conduct Authority (FCA). This means 2 things. First, it means that there are strict rules about how schemes must operate and manage pension plan investments, including ...
My youngest won’t graduate high school until I’m 59. So the idea of traveling for several months of the year before then doesn’t make a lot of sense. Our daughter will need to finish high school and head off to college before we can consider leaving for extended periods. We can st...
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I walked away from government medical (DOD civ) job 2 years short of a pension the 1st of May. A system already broken is in utter collapse after the recent invention of a whole new agency to take control of military medicine away from the services. “To save money” you know, as if...
But if you own gold for years and years, they can’t charge you trading fees because your assets are safe, secure, and not moving. While gold may be bad for some financial firms, it’s good for you because your gains aren’t being nickeled and dimed to death through fees. With a ...
If it is in the index, buy it! This is what price discovery has become.” “This will eventually end badly. I have never in my career seen anything as crazy as what’s going on right now. It was crazy in 2006 when I was pounding the table saying we were going to have a ...
When my friend asked me: are UK customers funds safe (over $500m), my answer is honestly: no idea. Who has the money? Where? Which company? And how did they get away with it? It begs fundamental questions about regulation, audit and more. How can BaFin say t...
If they do that then I will take all my money out of the bank and put it in a safe. They don’t give me any interest anyway, so why should I keep my money in the bank so the IRS can monitor everything I’m doing. Screw them. A lot of people will do the same thing. I...