Pensions - transferred Mineworker's Pension

Yeah, it's not like scientists ever do anything important.

 

Oddly for my final 2 years of secondary school (late 70’s) I gambled on not taking history / geography and chose a subject called Social Studies (all about politics - economics) and Commerce which took us through bank accounts, mortgages, savings etc.

I genuinely believe that for most people, learning about interest rates and budgeting is a better basis for a GCSE in maths than trigonometry (which is useful to less than 1% of the population).

And if more people understood basic economics it’d help cut through the bullsh1t politicians get away with.

 

Back to the OP, I wasn’t a miner, but I did transfer a previous final salary pension into a SIPS scheme.
I fixed mine in the late 90’s with the help of the pension mis-selling scheme at the time. (About a 400% increase in its value at the time). And what was a total of about £6k they had of mine at the time will turn into about £4K a year in retirement

 

And that is why the curriculum is the way it is. It’s based on Victorian times and the industrial revolution and when the schools‘ job was to produce little robots who can do repetitive things by rote and be obedient. No thinking outside the box needed or wanted, we’ve got the private schools to produce the business owners and politicians.

Of course, the schools and teachers now try and correct that where they can but you have to stick to the curriculum and get people to pass their exams at the end of the day otherwise you’re still setting them up for failure anyway if they get no qualifications and can’t get a job and the school gets shut down.

 

Thanks for the link to the gov site .
That was very useful.
Its amazing the info you get on this site .
Cheers

 

Isn't that why we are allowed to choose options for things we want to learn? Why we have colleges and universities etc?
Business people do a lot of important things too but instead of learning business studies at school (it wasn't an option) I had to learn how to badly play the recorder, keyboard, drums etc.

 

Fxxk me. Even reading about pensions in the mining industry gets me all chocked up and emotional. Daft sod!

I can’t watch anything on television about the strike without the hackles going up on my back and I have to leave the room.

I’m back in Grimey at the weekend to see my Dad so it will all stir up again.

good luck to yr Dad Jamdrop.