Posts by Going my own way

BT plots to slash pension benefits for 32,000 staff

Re: 'damage our ability to invest in the UK comms networks'

My answer was to move all my pensions out of company schemes and into my own SSAS and used that to buy a commercial property. If more people did this we'd see less money in corporate schemes, fewer exorbitant stockbroker bonus payments, and more money to be passed on to future generations. I know there are liquidity issues, but I know where there money is, and I am confident I can manage the outcome better for me than anyone else can...

BT considers scrapping 'gold-plated' pensions in bid to plug £14bn deficit

Pension adventure begins...

I'm self employed and have just moved by BT pension into my own scheme - I plan on buying a commercial property, refurbishing it and renting it out for the next 20 years. Obviously there are risks involved, but it means that my pension is not being used to fund things I don't like (wars, Accenture, offshoring bids, stockbroker bonus...) and the cost of refurb puts money back into the economy which must be A Good Thing.

I know nothing about listed buildings, or commercial property, but feel more confident of the value of my pension in 20 years than I do leaving it to BT's Accenture fund.