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Your pension fund is worth almost nothing? Find out why. | Dr. Christopher Sier | TEDxOxBridge
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- เผยแพร่เมื่อ 19 ส.ค. 2024
- The fund management industry takes a lot more than it gives. And what it takes is often disguised and hidden in implicit costs. Despite this the industry is the highest earner of any sector globally. How does it pull this off? Why should you care? Find out and change the world. In the UK alone the opportunity is to return $50-100 BILLION pounds to UK savings each year, every year.
Chris is Co-MD of FiNexus, a knowledge-transfer and research organization, and advises the UK Government, Regulators and various trade bodies on pension fund Corporate Governance and Cost Transparency. Chris also advises a range of stakeholders including the UK Government on innovation and fintech. Previously he was Managing Director of KAS Bank UK, an Asset Servicing and Pension Fund specialist, and Director of the Financial Services Knowledge Transfer Network, a research, innovation and knowledge transfer organisation for financial services, bridging industry, academia and government. In the dim and distant past he was a police officer in Edinburgh.
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at ted.com/tedx
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You could invest Internationally instead of just in shares of British companies. Also, use brokerage firms with lows costs such as Vanguard
I pay 12%, my employer pays 12%= 24%, on $70K= $1400/mo
At 7% for 20 years, The pay out is $51K/yr
the fund pays me $30K/yr.
Loved this presentation! Simple, well explained, and discusses a really serious issue in a different and creative way!
I have a pension, I manage it myself, I take risks because that’s how I’m wired, my pension did over 100% in the last 12 months. I’m now taking down my risk levels as over the past 6 years I’ve had spectacular growth. I have and never will let anyone take FULL control over my money. These company pensions that are managed by a group of people who you never see...no chance.
Most pensions are poorly managed (particularly with the rise of ESG investing) and have more retirees drawing out than workers contributing to the system
Saved you 15 minutes
Great video and points are extremely valid. The other side of the coin is to make sure that the fund is performing how it should at a pre determined expectancy rate.
Buy physical gold and silver , thank me in the future with tears of joy
What about private 401K’s? Are they next? Isn’t it a chain event? Doesn’t the public sector invest in the same machine as the private sector?
3-4.5% ongoing charges for an Equity ISA?? Definitely not true, especially for large UK retail client platforms- it is much lower (
This should've also included the fact that governments keep the interest rates artificially low, and how hard that hit the pension funds and savers.
Explain to me what Government has the power to keep interest rates low.
Yup. My mother invested almost all her money in CD's after selling off her first house and getting divorced. CD interest rates at the time were a mind blowing 10%-15%. She literally doubled the money she got after selling the house. When I was young in HS I got 5% on the tiny bit of money I had. For years we have been at near 0% and now just recently around 2%. If I could only throw a huge chunk of cash in an account that would give me completely passive income of 10%-15% for the next 30 years I could retire a happy man like my mother did.. But that will never happen. Imagine getting completely passive do nothing income of 10k..15k..20k+ per year for the next 20-30 years like my mother did. Ya that will never happen again.
this video is nearly 6 years old. Now things are slightly different but there are some decent pension fund with
What does that
7 minutes to get to the point of the title ...grr
You are a great person i loved your performance
A lot of errors in this talk. Firstly pension deficits are block shortfalls, not annual shortfalls. Secondly, they do not arise by “money going missing or charges” - they have largely arisen through low interest rates increasing the cost of securing the future income promises. Finally, asset managers earning £225k p/a will typically manage £50m of funds across a range of investors - not per investor.
This here this is factual
Junior doctor in the U.K. £26,000 before tax (2018)
USA. 310 June 2022. All data in trillions of US$.
Source: Financial Accounts of the USA, 2022, second quarter.
Market value of equities and mutual funds held by:
* pensions = defined benefit + defined contribution 11.0
* independent retirement arrangements 11.5
* market value of traded USA shares 46.5
* value of funding shortfall for defined benefit plans owed by private employers 0.6
* Ditto for public sector employers 6.1
Moral: Refuse to be a creditor of a public sector defined benefit plan.
Super class
We need to demand our government to reduce such waste. And to rethink pay analysis to white collar pay.on merits of actual analytical of each pay and exactly physical work. A management is all the same. To manage and balances. Only each person would treat our own investments best.
You haven't done any work, why should you get any interest?
Wow verry good video
This guy waste people's time. Be succinct and get to the point already.
super
Wow nice
What a bore. I couldn't be bothered to wait for the me, me, me stage to conclude. I assume it did, eventually.
Nice
Its robbery pure and simple
Just come from Martin Lewis advice videos on pensions and how to bulk them up, so ...
SUPER
nice
Sad
Nich video
supper
Well my pension fund is only funded at 57.2 %
It’s been steadily going down
When I looked at the cost of running the pension fund was and what they were investing in
Then I got my answer why
I’m glad I retired early at 53 because I have a feeling it’s not going to be there in a few years
When I retired ten years ago it was funded at 88%
At least my pension is not calipers here in California
That fund is almost a billion dollars in the red
The final salary maybe/bonuses maybe big, but what do you think those in IBs get when you factor in their hours.
more than junior doctors, and 0% respect from ordinary tax payers
Such a lack of knowledge here. A third of the assets do NOT disappear. The liabilities measured at any moment in time are a function of the actuarial assumptions at that point. This amount of assets were not paid into the scheme
yes, I agree.. underfunding doesn't mean the assets disappeared, as if someone stole them. Underfunding means just that, not enough money to pay out what you promised. Say you were saving for a $5000 car, payable in 6 months. You have $4,000 after 6 months...not enough. $1000 didn't disappear, you just didn't save enough.
Is he paid by the minute?
Is that what you got out of this it took to long. Remember that when you r old and want to retire and can't. He telling you r being Rob and your government knows and r helping them.
bustos1959 u must have adhd
watched it on speed x2 and it was tolerable
Since when is David Brent doing Ted Talks.....?
LOL
America has 24 Trillion deficit bud :]
sorry what? do you mean debt or deficit?
And growing
joss
First 6 minutes are embarrassing
After 5 minutes I had to hang up.
Voice Of Reason u must have adhd
The solutions to all these short falls is crypto currency and im sure all these pension funds know by now and they sitting on 100% plus profit.They take your pension money invest it in crypto and you wont know since we dont ask them anything about where is our money kept.
What a load of doom and gloom rubbish. Intermediaries used to charge a lot managing. Gov work place handling charge is only .03 percent. The cheapest invest platform is fidelity at .35. Hargreaves Landsdown personals for me at .45 with its breadth of knowledge and top ranked available discounted funds. You can get a top rate worldwide index run fund from .01 to .25 Which is the simplest cheapest way to invest with good returns, a no brainier.
Wow nice
Nice