Supporting Cancer Reaserch – Pink Ball Tokyo

I am pleased to support Run for Cure Japan Pink Ball 2013 .

This year’s gala is the Foundation’s 10th, and this will be the 4th time I am able to support this worthy cause .

‘The evening remains devoted to bringing together those in the community who share a commitment to fighting breast cancer as a life-threatening disease in Japan, and spearheading greater awareness, diagnosis and treatment among Japanese women of all ages – especially in medically underserved regions’

2013 Bink Ball Westin Japn

2013 Bink Ball Westin Japan

 

If you would like to donate please click on the blow link :

http://www.runforthecure.org/en/donate

‘We make a living by what we get, but we make a life by what we give’ Sir Winston Churchill

We make a living by what we get, but we make a life by what we give. Sir Winston Churchill Source: furk

We make a living by what we get, but we make a life by what we give. Sir Winston Churchill
Source: furk

Italy credit downgrade – uncertainty of election result

On Friday Fitch downgraded Italy’s sovereign debt rating by one notch to “BBB+” from “A-” , also stated the outlook is negative .

The problem is the election didn’t have a clear winner and as such no new Government could be formed .
One thing markets hate more than anything ells is uncertainty .With good reason Italy is the 8th largest economy by GDP in the world but is the 3 largest issuer of sovereign debt ! This year Italy has $414 billion in debt maturing and needing finance ! Thus the uncertainty will possibly increase interest rate it need to ay on its debt , diverting billions of much needed money from the economy to debt payment .Fitch noted it expected Italy public debt would peak at 130% of GDP increased from previous estimate of 125% . An extra $100 billion! The financial crisis has desensitised people of the magnitude of a billions ! The media talk today as its not a big thing !

Fitch noted that Italy’s ongoing recession “is one of the deepest in Europe,” and warned that “the increased political uncertainty and non-conducive backdrop for further structural reform measures constitute a further adverse shock to the real economy.”

Reminds me of quote by Adam Smith :
”It is the highest impertinence and presumption… in kings and ministers, to pretend to watch over the economy of private people, and to restrain their expense… They are themselves always, and without any exception, the greatest spendthrifts in the society. Let them look well after their own expense, and they may safely trust private people with theirs. If their own extravagance does not ruin the state, that of their subjects never will”

Tags : Europe , credit downgrade ,Fitch , GDP , Italy ,Election ,Adam Smith

Inspirational Quote by Thomas Edison

20130309-045050.jpg

“When you have exhausted all possibilities, remember this – you haven’t”

We need to remember that life give us a second chance called tomorrow , one only needs the courage to take it

Tags
#Thomas #Edison #quote # inspirational

The Yen – Currency War or just Growth ?

Prime Minister Abe has survived a meeting with US President Obama without having his policy criticised. ‘Abenomics’ is seen in Japan as a way of growing the economy not devaluing the currency, if the Yen weakens that’s a bi product. Prime Minister Abe appointed key people to lead the Bank of Japan Kuroda-sama as Governor, a person liked in Japan but also respected internationally, which is key if Japan is going to succeed.
The Yen has fluctuated at times quite widely between 90-95 Yen range over 5% swings.
Now it seems so much sentiment has been placed on ‘Abenomics’ what’s going to happen next??
At least now we have a clear plan for getting out of deflation environment and into a true inflation target.
On the other hand we have no evidence of structural change to accommodate this. Personally I still feel people are remembering the BOOM and aftermath of the last surge and slightly cautious from jumping in.
But I do feel there has been a huge shift in people minds and the attitude is ‘What if this all true? Can Japan go through another BOOM?

Let’s hope so, I look forward to seeing what happens .
Gambette Kudasai

Tags :#abenomics #abe #yen #japan

Blog is now up!

The blog has finally been set up. This is all new for me , but with the world moving more towards social media for everything these days , I thought I better adapt or left behind !!

I will be updating this daily with my views of the markets , current situation and what I can see happening .

Looking forward to this ,

Lets lock and load

UK company pensions – the end is nigh? Or even closer??

BCCJ Acumen March 2013 issue

UK company pensions – the end is nigh? Or even closer??

2007 saw the world suffer the largest financial meltdown of our generation, and while this was a key catalyst in today’s pension crisis, it is not the sole issue.

Coupled with a rise in life expectancies, this has now created a major problem for ANYONE (British, or non-British), with a UK pension, and expecting to receive an income in retirement.

The UK retirement age was set at 65 in1948 to provide financial support in the final year or two of life – the average life expectancy for a male at this time was 66.8.

Today the average life expectancy is in the 80’s and rising!

Pensions were designed to fund short retirements, not 20 or 30 years of retirement. As people’s life expectancy rose so did their expectations for an early and long retirement; in some cases 30 years of work and 30 years of retirement!!!
Pure Madness

Today 80% of UK company pension schemes are in serious deficit; they do not have the financial assets to meet their liabilities. Consequently the amount of pension income received in retirement could be significantly less than expected. Ten people for tea, only six sandwiches on the plate…

A guarantee is only as good as the one making the guarantee! In the words of Benjamin Franklin “‘In this world nothing can be said to be certain, except death and taxes.”

The UK has 7,800 pension schemes, and 1,184 have gone bust due to company failure or unsustainable funding ratios.

On average, 15 schemes a month are falling into Pension Protection Fund (PPF) and at this rate 25% of all Final Salary schemes will fall within the PPF within 7 years.

The PPF is a statutory fund run by a statutory corporation, not the government and has neither government guarantees or funding. It’s objective is to be commended, to pay compensation to defined benefit pension scheme members when their employers go bust and cannot afford to pay what they promised.

PPF Assets per member 2010/2011 £86,500
PPF anticipated assets per member 2015 £34,000

Once a DB scheme enters PPF assessment the opportunity for members to transfer out is gone.

But won’t the value of my pension recover?

Very unlikely :

• 60% of UK pension scheme money is invested in government bonds, not equities, therefore little growth!
• It is a myth that final salary schemes are guaranteed, they are NOT.
So in the BOOM in the stock market in 2013 (FTSE up 7.26%) UK pension schemes missed out!

11 FTSE 100 companies have pension liabilities in excess of their market capitalization:-

British Airways
British Telecom
BAE Systems
Royal Bank of Scotland
RSA Aviva
Lloyds TSB
GlaxoSmithKline
Marks & Spencer
Barclays
ITV
Sainsbury’s

BA’s DB pension scheme liabilities are 5 times the value of the company.

Many schemes are unsustainable and represent a serious risk to the future survival of the company.

What should you do?

If you have a frozen (DB) final salary scheme, then there has never been a better time to transfer into a Qualified Recognized Overseas Pension Scheme (QROPS). Why? Transfer values are 80 per cent higher today than they were six years ago.
Why the increase in QROPS ?
People are frustrated with Chancellor Osborne moving the goal post on pension benefit , age of retirement , contribution . When there is confusion people don’t do anything . People want some certainty , in Japan people have seen the £ go from 240 to 140 , seeing their incomes halved !

What can I do ?
Sit down and review your current situation , the pension itself and the scheme.
In my position as Area Manager of deVere Group Japan I have personally seen an increase in individuals fearful of the current UK pension crisis . With good reason there is an unprecedented window of opportunity available to eligible DB scheme members today that may well not be there tomorrow.
Due to the complex and convoluted nature of pension & pension transfers, the deVere Group have commissioned an independent actuary to prepare a report for interested individuals , this is very simple to initiate.

Download the article :
Industry_deVere

QROPS – deVere Japan reaffirms importance of pension transfers.

www.HyperSmash.com

Making a big life change is pretty scary . But know what’s even scarier ? Regret

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