From: Ronald Raygun 
Subject: Re: any tips on SIPPS
Newsgroups: uk.finance
Date: Sat, 13 Jan 2007 14:16:27 GMT

Rob graham wrote:

> 
> "Ronald Raygun"  wrote in message
> news:XhVph.30088$k74.9638@text.news.blueyonder.co.uk...
>> Rob graham wrote:
>>
>>> "M Holmes"  wrote in message
>>> news:eo8f4i$q2$1@scotsman.ed.ac.uk...
>>>> In a fit of supporting local business I took out a Scottish Widows
>>>> stakeholder pension in 2000. In the past 6 years it has barely grown in
>>>> value. To add insult to injury, their Japanese fund, which I had half
>>>> the pension in, has dropped 10% this year while the Nikkei went up
>>>> considerably.
>>>
>>> Have you ever questioned why you had half your pension fund in Japan?
>>> Half! I find that amazing. I think you might as well use a well trusted
>>> Horse Racing Fund.
>>
>> This isn't half of his entire pension fund, it's half of his
>> (presumably £3600) stakeholder, which may well be the only high-risk
>> part of his balanced portfolio of pension-capable investments.  He
>> has gold too, I understand, not to mention a USS final salary scheme.
>> Perhaps he also has shares in coffee plantations on Bioko.
> 
> You know him then?

Not personally, but how can anyone from here not know him?

> Incidentally, why *(presumably £3600)*?

Isn't that the max you can put in a stakeholder in any one year?
He didn't say anything about having had the fit again, which is
why I assumed he'd only done it once.

Could have been less than £3600, I suppose, but would hardly have been
worth the effort of licking a stamp.