Glad I transferred mine already from my FS scheme without the added 'palava'. I made it a rule not to micro watch exchange rates daily as it was too depressing and just decided to go for it and it was below the rate it is now

On the plus side, the whole pot is accessible to the survivor ( mine and wife's ) and it has been growing steadily at $20-40k a year since with no additional deposits.

If the exchange rate went to something like 1.30 or below I think I'd sell up and go home.

Or the government could just say 'Bye!" and go. Obviously a Europhile like Cameron will do everything he can to keep the UK in the EU, but it would be funny if a UK vote to leave resulted in a bunch of other countries saying 'stuff you EU' and just leaving without bothering about what they 'must' do, so the EU disappeared while the UK was still 'negotiating' with it.

It's not like many ex-Soviet nations bothered about what they 'must' do when they decided to leave the USSR. They just left.

But that is exactly the big issue, why do you think the EU is so concerned about the UK leaving? If Britain leaves, the rest of the EU is completely unstable, other countries will leave, and the result will, after some intensive negotiations, likely be a return to the Common Market ideals of sovereign countries cooperating for their mutual benefit.

Ah, of course. The UK should precipitate a repeat of the collapse of the USSR. Silly me, that would be a brilliant plan.

But on topic, the UK agreed to the exit mechanism and is legally bound by it. I only think that matters a lot because, as I said, look forward to a decade of instability in the UK forex and economy (neither of which bother me a whit).

The other reason it matters is because it's true. Despite the nonsensical claims of the Leave buffoons.

Nope... you're a resource driven economy

one without enough buyers

factor in oil needs to be over $80 for the oil sands to be productive and its below $30 currently, china's resource demand is down as it economy slows down

Many other countries are more diverse in there economies and thus better able to withstand these types of fluctuations

I can see the EU disintegrating if Britain left - although I can see a Northern European Union working, with Britain and any country with a North Sea or English Channel coast plus a couple of the Germanic landlocked ones.

All of the rest of the EU countries are fairly knackered economically and would become cheap places for the Northern European Union residents to go on holiday!

Riiiight You should run for office, I know an officer who would like to help..

The guy with a micropenis and one testicle (and a tache)?


At least someone got my joke (I think)...

So no to Civil Service pension transfers? We tried to transfer last year but they, ehem, lost our paperwork.

Anyone transfers a final salary scheme pension, or even tries to, is probably barking mad!

Much of the pension misselling scandal of the 1990's related to public employee final salary schemes, and I doubt most British pension managers would want to touch a transfer from a final salary scheme.

Oh no! What would the neighbours think!

The EU is going down, because it makes no more sense than the USSR. The only question is who leaves first.

Or what?

And why are those countries not buying resources?

Ah, because their economies are in the crap. But their currencies are still valued as though they're booming.

In the event of breaching treaty obligations the UK could face sanctions and watch its Standard and Poor rating go to junk status. Sorry but capitalism has no room for exceptions.

What happened to Gr would happen to Br.

Or they can buy resources elsewhere cheaper (oil), or use what they already have, or do something that isn't resource dependant with their money
EG .. paper based programs to move from Virgin fibres to 100% recycled, why buy tree's when somebodies waste will do a similar job for less
Move your labour forces on to Infrastructure programs that are internally focused from those that require external resources