River Thames – non-advised flow-down!

boats from window

Going home late yesterday evening !

 

Yesterday was that kind of day that makes you want to hum Lou Reed’s perfect day to yourself as you’re washing your teeth! This is not advisable by the way- it leads to oral confusion!

What the river does – is flow. It really is the most laid back of things, it just flows from source to sea without the need for financial advice, guidance or any form of human intervention.

However, the river Thames is not a free flowing river, it has been subject to intervention and is subject to locks, relief rivers and weirs to ensure that the water passes smoothly and without the risk of flooding across Britain’s green and pleasant land.

I have mentioned before , the parallels with CDC, which like the river, needs a little intervention but not the interference of fluvial advisers or guides. On Monday I was contacted by Channel 4 who will be aboard Lady Lucy today recording the majesty of her lovely lines for viewers in the new year.

To get my film crew aboard, I had to prove I was an experienced skipper, had a valid boat certificate and that I was insured (as I am). The truth is that the skippers of most of the craft on the Thames know little or nothing about their boats other than how to turn the wheel and move the throttle. I am no better than that! I explained this to the Producer and she marvelled.


Take your time – like the river

As I lay in my bunk at about 4.30 this morning, the radio came on -being my alarm call and the first item I heard was from someone from the PLSA calling for a 6+6 contribution structure with this call to action

More than 30 million people aren’t confident they are saving enough for retirement. We think that introducing ‘Retirement Income Targets’ would help them plan better and save more.

I can only repeat hat Guy Opperman said at a recent seminar, we are not even at the 3+5 stage yet, let’s not get ahead of us.

The river Thames is forgiving, it allows many mistakes from boaters like me and so long as we don’t exceed the speed limit or rush into locks, things go ok.

I would remind the PLSA of this lesson. While its members have no difficulty paying 12% into member’s pots, the vast majority of employers do. That’s because the normal flow of the river has been at a different rate. Don’t forget that the 10m new savers were saving nothing through the workplace at all.


Tales from the Riverbank

I’m looking forward to the rest of the week. The jar of Pimms has been topped up and there are 25 pints for today’s guests. The insurer’s have finally accepted that this craft is not for hire but available to all who want to share its beauty and the beauty of the river.

It is 8am and soon guests will be arriving. I must forget pensions for the rest of the day!

But the big river keeps on flowing.

Rain and Sun

Rain and sun – the river flows!

About henry tapper

Founder of the Pension PlayPen, Director of First Actuarial, partner of Stella, father of Olly . I am the Pension Plowman
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One Response to River Thames – non-advised flow-down!

  1. Jan Taranczuk says:

    Henry,

    Great post! Weather looks fab. Really sorry I can’t join you again this year!

    Cheers!

    Jan

    On Thu, 5 Jul 2018, 07:54 The Vision of the Pension Playpen, wrote:

    > henry tapper posted: ” Yesterday was that kind of day that makes you > want to hum Lou Reed’s perfect day to yourself as you’re washing your > teeth! This is not advisable by the way- it leads to oral confusion! What > the river does – is flow. It really is the most laid b” >

    Like

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