Time to kiss your pension goodby.

[SandyB]

If one follows the  news you will  be  familiar with  the  Fidentia  debacle whereby the "hon" James W Brown  and his  cronies plundered pension fund for the  widows  and orphans of  miners .. poorest of the  poor .. that  plus  a  few other   funds .. just  reading  the  papers  yesterday  questions where posed about  the fees submitted by  the  curators , the one division Ovation .. the  columnist noted that they were  charging  + -  the going rate  but at flat rate of  basis  working + - 8 hours a day for 5 days a week  a  neat sum of  R 240 000 + -  , question is  how  can they charge this  when  with  all  good  intention  they  could not  be doing  so  as they have  other  duites as consultants and  members of  boards  to  fulfill ??  So  here  you  have  a  scenario  of  a  plundered  fund  that  they have to  manage , try to  recover outstanding moies owed , and  try  bring  fund   up  to  speed  again  so  that  it  can  continue  to  pay  the  intended  recipients ..  it  seems  they  too  are in  their  own  way  plundering  the  fund as well  but on  a  smaller  scale .. seems  there are lots of  people in the  legal and financial  world  making  way  too much  easy  money  and that  would  appear with no  conscience ?? take  the  road  accident  fund , an  attorney  I  hired to  sort  out  a  fire claim  , made  no  secret of  the  fact  that he  got  fat  off the  road  accident  fund .. by  the  time  some claims were wrapped  up  the  greatest amount of  payout  went to  their  fees ...  While  I  am  a  great  believer in  ' know  your  worth '  I  think  they  have  forgoted  the  'worth " of  their  souls ... I  get  sick thinking of  this  vulture  like  stripping  behaviour ....