Phoenix Share Discussion Threads

[laurence llewelyn binliner] 21/7/2024 09:41

#MCunliffe1 of course they will still be mandated to invest in Gov debt, but IF they are also mandated to invest a % in UK growth, then all the better right..? has to be good to invest in your own domestic companies and pull some back from foreign interests..?

[mcunliffe1] 21/7/2024 09:11

If our pensions don't invest in gilts how will this government fund its desire to spend more of our money than it has available to it?

[laurence llewelyn binliner] 21/7/2024 08:40

Interesting indeed #scruff1, IF the reforms mandate pension funds to invest a % in FTSE 100/250/350 companies and not gilts (or as well as) it could drive growth, returns, dividends and share prices..?

Anyone see a counter argument impact for Phoenix..?

[scruff1] 21/7/2024 08:00

I wonder if there is a connection with PHNX's recently announced intention to invest in British defence stocks? Agreed - it could be interesting. Deserves support imho

[laurence llewelyn binliner] 21/7/2024 07:34

20.06.2024 - Ms Reeves also told the BBC that the government will carry out a landmark review of pensions as part of a big bang for growth, people who make sacrifices and save every month to put something aside for their retirement, they deserve better than the returns they are getting on those savings today. The chancellor also wants to change industry rules so that billions of pounds sitting in pension funds can be used more easily to invest in UK companies to stimulate the economy.She continued, If we could unlock just 1% of the money in defined contribution schemes - and invest that in more productive assets and fast-growing British companies,that would be £8BN to help finance growth and prosperity and wealth creation here in Britain.Could be an interesting period for the industry coming up..

[my retirement fund] 21/7/2024 07:32

I'd agree about the FT. Funnily enough I'm just trying Bloomberg. Sadly I have just cancelled my FT subs, though, because although I love the print version, I prefer to pick the news up on my mobile, and I find their app poor. Many of the articles you'd see in the paper are almost impossible to find or not fully there at all. It's hard to navigate, and so you miss out on so much that it's not worth the subscription.

[williamcooper104] 21/7/2024 05:26

Yes I hardly read the guardian any more; you do have a point there With falling readerships they and the Telegraph have retreated to their core audiences Years ago I'd happily read both to try and get a good balance FT has generally gotten better over the years as has Bloomberg News

[my retirement fund] 21/7/2024 00:53

Williamcopper, yes, have to agree with you there. The Telegraph is indeed quite unreadable, senile is a good description and the amount of right-wing devisive, hate filled, evil scaremongering stories seem to have been dialled to off the scale levels since the tory part was comprehensively destroyed in the election. Perhaps it's a paper that will eventually destroy itself, and the sooner, the better.

[scruff1] 20/7/2024 22:09

William
The same could be said about any current paper. As a young man man I loved the Guardian and read it avidly. It was liberal but reported news as news. It is currently little more than a socialist propaganda pamphlet. The Telegraph isnt really anything. Its just a compilation of freelance supposedly journo's comments and opinions - ad nausea. The Mail and the Express were serious and respected papers when I was young. Now largely just celeb and sensationalist trash - the Mirror always was - not much changed.

[williamcooper104] 20/7/2024 20:06

The Telegraph is like a Marxist predicting the collapse of capitalism in seeing the break up of the euro from before the euro existed It has progressively got more senile, with odd moments of lucidity, to point of now being basically the house journal of Reform Will be interesting to see who ends up buying it; Lloyd's got a very lucky escape

[tournesol] 20/7/2024 19:05

Net curtains I tend to think of Spawny as Captain Mainwaring....

[mcunliffe1] 20/7/2024 17:55

MRF: I chuckled at the 'more sense upside down'.

I'll elect not to respond as this is, to be fair, the PHNX thread. You know full well that the SHA thread is a better place for this - and you've still not provided an answer to my earlier puzzler about the cinema projectionist scheduling on that thread.

[my retirement fund] 20/7/2024 17:36

McCunliff, I'm just saying. It's the ultimate Brexiteers paper and, much like yourself, has no idea why it supported it and has never been able to offer a single sensible positive benefit from it. That aside. Hopefully, you weren't caught out with its never-ending recommendations to invest heavily in Woodford managed funds? Incidently, you'll probably get more sense out of it if you read it upside down.

[bargainsniper] 20/7/2024 17:19

Yes i read that tooSounds good to me

[scruff1] 20/7/2024 17:01

Any warfare will do. I see phnx is increasing investment in UK defence.

[netcurtains] 20/7/2024 15:36

Spawny100: trying to guess your previous job.
Temped to think you were in compliance but too obvious
Perhaps a bouncer

[spawny100] 20/7/2024 11:57

Do all these personal anecdotes have anything to do with PHNX? Can someone not set up a board for ex-programmers to nostalgise on?

[yossarian1975] 20/7/2024 11:45

Hahaha, completely agree Spud

[mcunliffe1] 20/7/2024 11:44

net: thanks for your coding explanation. I never used C++.
I kept things simple - Basic, Cobol and similar. It became evident in more recent years that my skills were massively out of date. About 2005-2007 to be precise. That's when I packed in the I.T. and delivered stuff for a charity instead. Less stress and far more rewarding in ways other than financially.