what a rip off

[shaun01]

i have just had a statement from my works pension and last year it lost 1100 quid so the 600 quid i paid in last year is down the pan ,,,,,,well sad  :-\ ??? :'(

[shaun01]

[Froglegs]

You and me both i put 2,000 in mine last year lost about half. >:(

[ACE]

Swings and roundabouts, I did not hear any moaning in the boom years.

Being ex services and council, we are inflation proof, retired at 55 due to sickness and redundancy, nice little wedge every month. But my pension lump sums and redundancy payment does not return a lot at the moment but has averaged a grand a year for the last 8 or 9 years. It will be back to normal again soon, as one thing you won't stop is banks being greedy, and they ain't going to sit on my money while it is doing nothing.

[saddad]

We have been putting £75 pm into an investment for Phil at Uni for 9 years. At the moment when it matures next Jan it will be worth £1000 less than if we had just put the money in a sock!

I started a supplementary pension 2 years ago, so that I could retire "EARLY" and have paid in £9000, it is currently worth £4800... at least that has time to recover!

:-[

[Froglegs]

I look at it this way every bad year means an extra year i will have to work before i retire,was aiming for 60 but.... :-\

[saddad]

I was optomoistic and aiming for 56... but if my health doesn't improve it'll be 48.  :(