The Lemon Fool

Kantwebefriends wrote:I will be browned off when a government stops us rolling them over but it's bound to happen one day. Our jolly nice returns on ILSCs are paid to us by our fellow taxpayers, some of whom will be poorer than us.

It's just silly nonsense to talk about " screw us over" though: the promised return lasts for only three or five years and that is that. Have you invented a fantasy right to roll them over for ever?

(Jolly nice return, keeping up with CPI you mean)

Kantwebefriends wrote:

(Jolly nice return, keeping up with CPI you mean)

Make up your ruddy mind. Are you moaning that their return is dismal (i.e. that they are bad) or whinging that you can't roll them over for ever (i.e. that they are good)?

CliffEdge wrote:

Kantwebefriends wrote:

(Jolly nice return, keeping up with CPI you mean)

Make up your ruddy mind. Are you moaning that their return is dismal (i.e. that they are bad) or whinging that you can't roll them over for ever (i.e. that they are good)?

No, there is no excess return, which is fair enough, so I'm happy with them, though the change from RPI to CPI was unjustifiable on fairness grounds as eg student loan interest etc is still charged based on RPI
Yes, I will certainly not be happy if they can no longer be rolled over and will definitely feel cheated by this smucbag government whose personnel have basically destroyed and are destroying the UK and the lives of myself and my descendants

Is there a point that CiffEdge is trying to make or is this just a general moan?

Dod

Kantwebefriends wrote:

Is there a point that CiffEdge is trying to make or is this just a general moan?

Dod

I think it's Prince Harry in disguise.

• IMHO, proclaiming too loudly the benefits of a good investment (depending on one's needs) on a public forum and make obvious the advantages might not be the best course of actions when someone in authority might not be aware of them and rapidly remove them
• Secondly, if NS&I were to stop automatic rollover of ILSCs, they might find they would have to find quite a lot of money to cover redemptions. According to the NS&I annual report (https://nsandi-corporate.com/performance/annual-reports), there is quite a lot held in savings certificates, and I wonder if a government would quietly let certificates roll over (currently paying CPI+0.01%) rather than find the cash to pay out, and kick the problem down the road. A note on page 21 of the 2020–21 report says "Certificates (Savings Certificates) are used by many holders as long-term savings products. The majority of customers choose to renew their holdings at the end of their term"