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    The workplace pensions rip-off.

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    papa_umau
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    The workplace pensions rip-off.

    Post by papa_umau on Sun 30 Mar 2014, 11:33 am

    A flagship policy of this Con-Dem government is the new workplace pension scheme where all workers are automatically enrolled into this scheme without their permission.

    That was bad enough, but I can reveal today that it has been reported that the cash that is being raised by this scheme is being invested with the American giant investment company BlackRock.

    This company is the one that is behind most of the  high-street legal loan-sharks that capture hard up people because the normal banks will have nothing to do with them.

    Parent company BlackRock which owns, CashAmerica, ( the largest payday lender in the USA ), also owns The Money Shop, Pounds to Pocket and Quick-Quid, in Britain and these controversial companies can charge up to 2,222 per-cent APR rates to their already-struggling customers.




    I am suggesting here that government schemes like the "workplace pension" should not be investing our money in decidedly-dodgy companies like this.

    Don't you agree ?


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    Papa......



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