Giving retirees their pension pot - the foundation of the next property boom

[milanbenes]

Well folks,

my prediction...

you heard it here first...

give the retirees control of their pension pots

where are they going to stick the cash

straight into bricks and mortar

this is going to be the beginning of the mother of all property booms

Milan.

[TheFaQQer]

I've missed you, milan.

Although I'm thrown by the two capital letters in the same post - is that a record?

[milanbenes]

afternoon old chap how's it going

apologies for the low attendance, work committments and plan b are keeping me very busy these days and of course any spare moment is spent having a life with family and friends

plan b's third bun is in the oven

it is looking like by the 5th bun plan b could be in a position to go onto aim to raise cash for growth, that will be a fun adventure, i spoke to a nomad last summer and they said do a couple more buns and come back

what's new over here

Milan.

[Peoplesoft bloke]

Well folks,

my prediction...

you heard it here first...

gi
Milan.

It was on BBC radio about 5 minutes after the budget.

[DimPrawn]

It was on BBC radio about 5 minutes after the budget.

Whs

These pension pots are going into bricks n mortar because when it's boom time you make lots of money and when it's doom time the govt of the day ensure you make tulip loads of money.

[milanbenes]

yep no brainer innit

Milan.

[DimPrawn]

AND


You get to talk about your "property portfolio" with the other pensioners at the bus stop.

Which was nice.

[greenlake]

Giving retirees their pension pot

[KentPhilip]

give the retirees control of their pension pots
where are they going to stick the cash
straight into bricks and mortar

I don't agree.
Before they retire, the pension money is invested in shares and funds of shares. At retirement they had to sell those shares and use the money to purchase an annuity.
What I think will happen now is that many of them will just keep their money in shares and funds without purchasing an annuity. In other words do nothing when they retire, other than save the dividends that the shares generate.

What does this mean? It means that in the near future there will be fewer people selling their shares. So assuming no change in the number of people buying shares it means share prices will start to rise. Nicely in time for the election next year. Fill yer boots!

[doodab]

I don't agree.
Before they retire, the pension money is invested in shares and funds of shares.

Generally in the run up to retirement it's moved into lower risk assets like cash and government bonds.