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Sunday, January 15th, 2023, 3:22 am

In the Manic Age of Irrational Government Subsidies (or Bailouts) Don’t Take Anything for Granted

UK debt

SO we might have a fourth Prime Minister in less than 12 months. Things aren’t so “strong and stable”, are they, Tories?

Given the awful state of public health and the bailouts for the rich (including energy giants) it “pays off” to be prudent and proactive. I left my job last month and lately I’ve been checking the state of pension schemes, knowing some of them are akin to pyramid schemes. I was already cautioned about this more than a decade ago (after the first financial crisis and meltdown). Shown above in this figure is our rapidly growing national debt (similar trend to the US, the political sibling of the UK). This does not seem sustainable simply because it is not. And as health and long life are a sort of wealth I decided to leave the job (almost a year ago I finalised this decision), but now it’s time to worry about financing the future.

I’ve ranted already about pension providers barely responding to their customers. I documented this here.

With Aviva, it took nearly a fortnight (and persistent nagging) merely to get this not very useful reply from a generic E-mail account (and no name):

> Dear Customer,
>
> Thank you for contacting Aviva.
>
> To allow us to get your query to the relevant Administration department
> as quickly as possible, we require some additional information to help
> us find your policy with us.

It took you nearly two weeks to finally respond to me.

> Please reply with the following information ?
>
> Policy Number ?*please note we may not be able to trace your policy
> without the policy number *

As far as I know, Aviva never sent me any correspondence with any details. Myself and my employer paid Aviva, but I have no record of the actual Policy Number.

> Full name (including any previous names that may be linked to your
> policies)

Roy Schestowitz

or

Roy Samuel Schestowitz

working for Sirius Corporation

> Date of Birth

[... redacted]]

> Full address (including any previous addresses that may be linked to
> your policies)
>
> National Insurance Number

[... redacted]]

> As soon as we receive the details we need, and we are able to find your
> policy our Admin team will be in touch.

Please do. I’ve been frustrated by how long it took you to respond and even blogged about it.

Aviva hardly bothered to communicate with me, ever.

> Warm Regards,
>
> The Aviva Customer Team

There seems to be no “safe” place for one’s money these days. Commodities, cash, “crypto” (scam)…. they’re all volatile. Pension schemes don’t even assure anything; they’re just there and people assume they too are “strong and stable”.

Nothing is “strong and stable” these days. Pension providers barely want to even speak to their so-called ‘customers’. All they want is their money. Keep paying us every month, they insist, no questions asked…

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