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Will Pensions disappear if AIB/BOI are nationalised ?

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  • 02-02-2010 1:23pm
    #1
    Mary Hairney
    Closed Accounts Posts: 33 ✭


    David McWilliams wrote this in the newspaper last week:
    But we don’t. We are broke. The middle aged, middle classes are rocked by the sudden unemployment of their children (30pc of our under-25s are unemployed) and the collapse in value of their second home. On top of that, their pension funds — which were invested by charlatans in the shares of Irish banks — are now worthless (and after the nationalisation of the big two, they will be wiped out altogether).

    Should I be worried ? Should we all be worried ?


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  • Options
    #2
    Victor
    Registered Users Posts: 78,396 ✭✭✭✭Victor


    AIB funds do not invest in AIB.

    BOI funds do not invest on BOI.

    Each fund is different, but to blankly say that the nationalisation of either or both banks will make your pension disappear would be incorrect as the funds are spread across different investments (cash, shares, property, etc.) and different countries (Ireland, other eurozone, UK, USA, other markets).


  • Options
    #3
    Toots
    Administrators, Business & Finance Moderators, Society & Culture Moderators Posts: 16,920 Admin ✭✭✭✭✭Toots


    You do not need two seperate threads on this. Also, speculative threads are not allowed on this forum. Please read the charter before posting.


This discussion has been closed.
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