a little while ago i, look you see, wrote something of a think piece on the subject of pension fund administration fraud. in it i detailed how i was led to believe the 'Euro Millions' pension scheme would cover my future living costs to a tune or amount north of £100million on the basis of a £2.50 policy investment.
that investment failed. i have no doubt at all that many other investors in the scheme failed too, but if i remain silent on the subject then all will.
for me it seems fair and appropriate to note that it is not just the 'Euro Millions' pension fund which has let me down. or many others. no, the more traditional one has, too, once more, betrayed me. yes perhaps the fault lies with me for re-investing in it, but if there's a lawsuit to be had then i am quite prepared to point the finger of blame in the relevant direction.
oh yes i jolly well am going to have a go at one of the more traditional, in a modernist sense, pension fund administration schemes in the UK - the National Lottery, or if you will the "Lotto".
this pension scheme operates in a way that is "lesser" to the Euro Millions one. certainly the pension pay out is smaller - often around £5million and seldom north of £10million - but the cost of a policy is decidedly less. it costs one £2 to open a "Lotto" policy, rather than the £2.50 charged by the "Euro Millions" pension, a fee imposed in a mercenary way. i felt that this lower pension would be worthwhile, especially as it costs 20% less to open.
alas, no. the bizarre way in which these pension funds are distributed sees me once again being unable to retire. it beggars belief that they can get away with this from a legal perspective. why not just give me the pension fund straight up, instead of faffing on drawing a sequence of balls with numbers crudely written on them, insisting that they must match my policy number?
yes, presently i am considering other options in respect of securing pension funding. whilst i freely confess i am likely to be drawn into this "Lotto" one again, it is maybe time i consider other plans and schemes. ones that, for a start, actually pay out to investors.
be excellent to each other!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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