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    • Future Comms issues. Read more at https://www.consumeractiongroup.co.uk/topic/416504-future-comms-issues/
      • 3 replies
    • This is a bit of a lengthy one but I’ll summerise best as possible.
       
      THIS IS HOW THE PHONECALL WENT 
       
      I was contacted by future comms by phone, they stated that they could beat any phone contract I have , (I am a limited company but just myself that needs a business phone and I am the only worker) 
      I told future comms my deal, £110 per month with a phone and a virtual landline, they confirmed that they could beat that, £90 per month with a phone , virtual landline  they also confirmed they would pay Vodafone (previous provider) the termination fee. As I am in business, naturally I was open to making a deal. So we proceeded. 
      Future comms then revealed that the contract would be with PLAN.COM and the airtime would be provided by 02, I instantly told them that this would break the deal as I have poor 02 signal in the house where I live as my partner is on 02 and constantly complaining about bad signal
      the salesman assured me he would send a signal booster box out with the phone so I would have perfect signal.
      so far so good.....
      i then explained this is the only mobile phone I use for business and pleasure, so therefore I didn’t want any disconnection time in the slightest between the switchover from Vodafone to 02
      the salesman then confirmed that the existing phone would only be disconnected once the new phone was switched on.
      so far so good....
      • 14 replies
    • A shocking story of domestic and economic abuse compounded by @BarclaysUKHelp ‏ bank complicity – coming soon @A_Gentle_Woman. Read more at https://www.consumeractiongroup.co.uk/topic/415737-a-shocking-story-of-domestic-and-economic-abuse-compounded-by-barclaysukhelp-%E2%80%8F-bank-complicity-%E2%80%93-coming-soon-a_gentle_woman/
      • 0 replies
    • The FSA has announced large fines against DB UK Bank Limited (trading as DB Mortgages) - DeutscheBank and also against Redstone for their unfair treatment of their customers.
      Please see the links below for summaries and full details from the FSA website.
      It is now completely clear that any arrears charges which exceed actual administrative costs are unfair and therefore unlawful.
      Furthemore, irresponsible lending practices are also unfair and unlawful.
      Additionally there are other unfair practices including unarranged counsellor visits - even if they have been attempted.
      You are entitled to refuse counsellor visits and not incur any charges.
      Any charges for counsellor visits must not seek to make profits. The cost of the visits must be passed on to you at cost price.
      We are hearing stories of people being charged for counsellor visits for which there is no evidence that they were even attempted.
      It is clear that some mortgage lenders are trying to cheat you out of your money.
      You should ascertain how much has been taken from you and claim it back. The chances of winning are better than 90%. It is highly likely that the lender will attempt to avoid court action and offer you back your money.
      However, you should ensure that you receive a proper rate of interest and this means that you should be seeking at least restitutionary damages - which would be much higher than the statutory 8%.
      Furthermore, you should assess whether the paying of demands for unlawful excessive charges has also out you further into arrears and if this has caused you further penalties in terms of extra interest or any other prejudice. This should be claimed as well.
      If excessive unlawful charges have resulted in your credit file being affected, then you should take this into account also when working out exactly what you want by way of remedy from the lender.
      You should consult others on these forums when considering any offer.
      You must not make any complaint through the Ombudsman. your time will be wasted, you will wait up to 2 yrs and there will be a minimal 8% award of interest and no account will be taken of any other damage you have suffered.
      You must make your complaint through the County Court for a rapid and effective remedy.

      http://www.fsa.gov.uk/pages/Library/Communication/PR/2010/120.shtml
      http://www.fsa.gov.uk/pubs/final/redstone.pdf
      http://www.fsa.gov.uk/pubs/final/db_uk.pdf
       
      http://www.fsa.gov.uk/pages/consumerinformation/firmnews/2011/db_mortgages.shtml
      Do you have a mortage arears claim to make? Then post your story on the forum here
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Does the UK government have a reserve to meet some of its state benefit liabilities ?

 

I cannot see any mention online and it raised the question as to whether government only meets pension liabilities out of current revenues.

 

UK regulators do no allow pension companies to operate in this way and I would question why government does not appear to put money away, other than a general reserve which is quite small.

 

Of course government can raise taxes and cut spending, but in the years ahead we will have a growing number of people of retirement age and working people increasingly facing reduced real term incomes, because of population growth, increased competition from abroad and technology replacing the need to employ the same number of people.

 

If government struggles to gain the revenues, faces increasing cost of healthcare, education, defence etc and meet with election barriers preventing them from increasing tax rates/scope, then they will get themselves into a hole if another crash hit like in 2007/08.


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People feel we are seeing the start of the end of a state pension. We've seen the state pension age rise, who's to say the date you are given now to get your pension is not going to change again. First it may be 67 then before you get there it changes to 70. It looks unsustainable in it's present form.

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People feel we are seeing the start of the end of a state pension. We've seen the state pension age rise, who's to say the date you are given now to get your pension is not going to change again. First it may be 67 then before you get there it changes to 70. It looks unsustainable in it's present form.

 

What annoys me is that the politicians are quite willing to protect current pensioner benefits, because they know these people tend to vote. The politicians must know that future generations probably won't receive much of a state pension and they probably won't get the winter fuel allowance, free bus travel etc.

 

In 20 years time, I suspect that the state retirement age will be 70+ and the pension will be lower than it is currently in real terms. The government just does not get the tax revenues in to fully fund all the current expenditure required to run the country. They won't increase standard rates of tax because that is difficult at elections, so they have to hide lots of sneeky taxes. At some point politics has to be changed, as it not doing most people any good. Government should be taxing enough, so they can fund services properly, they don't run a budget deficit and can afford to put money to one side.


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I have moved this thread out of the Bear Garden and into the Pension forum.


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Advice & opinions given by citizenb are personal, are not endorsed by Consumer Action Group or Bank Action Group, and are offered informally, without prejudice & without liability. Your decisions and actions are your own, and should you be in any doubt, you are advised to seek the opinion of a qualified professional.

 

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UB, my understanding has always been that there isn't a State pension 'fund'. This year's benefits are paid from this year's contributions.

 

HB


Illegitimi non carborundum

 

 

 

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Back on 1908 the NI contributions paid for your pension. That link was lost some time ago and now NI is just another tax and pensions are seen as a taxable benefit rather than deferred pay.

Ther is no fund for the old age pension, nor civil servants, police, teachers etc either. they may well pay a superannuation but the money doesnt go into a pot like most other occupational pensions but straight to the treasury.

The obligation to provide a pension clobbers any chance of any government balancing the books hence the keenness on getting people to look after themselves. Trouble is, many people dont know enough to plan and even those that can plan dont always have the financial security to do so. If you then start to factor in any care costs required in the future then most people would be thinking of spending their pension pot before they get ill and gamble on not being thrown out of hospital onto the streets when they cant pay for a carer.

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