Thursday, 30 October 2014

Realist, Surrey

Realist, Surrey

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Comments (1833)

  • Comment on: Time to re-evaluate pensions

    Realist, Surrey's comment | 30/10/2014 11:00 am

    Only way of controlling future pension costs is to move all new staff to DC basis.

    There may be potential to curtail further accruals on DB schemes - though this still leaves the employer with the ongoing longevity risk.

    Going forward - both employees as well as employers need to understand the costs involved in DB schemes - and understand that a total remuneration package needs to focus on all costs - noting that DB pension schemes need an aggregate input of circa one third of gross salary.

  • Comment on: Five reasons Right to Buy needs 'urgent reform'

    Realist, Surrey's comment | 30/10/2014 10:28 am

    This has far more to do with a fault in the SRS allocations process.

    New tenancies should be granted on the basis of a regular review say 6/12 monthly of household income - with an obligation to seek housing in private sector above a certain income threshold.

    Again under Universal Credit income monitoring is monthly anyway - hence requires little extra resource.

  • Comment on: Charity campaigns for reform of 'outdated' private rented sector

    Realist, Surrey's comment | 30/10/2014 10:19 am

    UK average tenancy in PRS is circa 3 years in leasehold property and circa 4 years in freehold property.

    Noteworthy is that from a standing start - in like for like property over a 25 year period - it costs about the same to buy with a Repayment Mortgage as to rent privately - but you are stuck when buying as aggregate moving fees are now typically well in to 5 figures.

  • Comment on: Number of low paid workers reaches 5 million

    Realist, Surrey's comment | 27/10/2014 2:25 pm

    Unless there is a wholesale revamp of Welfare/Taxation - this situation will continue.

    Even with such revamp - which would only be a bandage on the symptom - the basic disease continues - that being globalisation/automation are removing jobs - in many industrialised countries.

  • Comment on: Boris grilled over affordable Earl's Court homes

    Realist, Surrey's comment | 24/10/2014 6:04 pm

    Anything remotely approaching 80% MR in London is fundamentally not affordable in even short term by average SRS tenant - who is reliant in HB - yet constrained by OBC.

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