Troubled banks and deferred pensioners

In message , Alasdair wrote

It's probably the same risk as with the pension funds for other people - unless the funds were managed by the expert financial advisers employed in the average bank.

Mine is protected by joint and several liability of UK universities. Technically Oxford would have to sell some dreaming spires to get me my pension. I rather like the idea of being the reason universities are privatised.

FoFP

In message , M Holmes wrote

Surely if those spires were already mortgaged selling them could give you a pension pot of zero? Icesave savers were also protected by a compensation scheme that appears to have zero assets.

I'm sure if we root around under the sofa we can find a student hall or a library to sell.

FoFP

Not if asset prices crash. Maybe you could send round some of the undergraduates to cook and clean for the pensioners.

Need I go on........d*****ad, lets do this slowly, a large business wants aloan ffrom a number of banks, many banks particapte, business gets loan, are you with it so far, now that loan gets into that companies books and that loan is RATED by MONOLINES as either triple A or way down to C....it happens in the UK as well as the US, now the monolines are the guys who rate and put the insurance on that loan.

Now going even more slowly for adickhead like you, large company fails and that loan needs paying...remember its been insured before all those nice banks would grant it and guess what the MONOLINES cant pay either...whos AIG do you really wnat me to go on

Nope I suppose you dont

Dearest Derek.....cy there