If you have a “Drawdown Pension”, prepare for a nasty surprise.
One Horsington resident was stunned to return from holiday to find his income had been reduced, at a stroke, by over one third following a review of his fund.
All pension companies are required by law to review the state of their client’s funds every 3 years to ensure the income from it is sustainable. The rules were changed this April, and now anyone with a drawdown pension (where the funds are invested in the stock market rather than in an annuity) can expect a similar result when their pensions come up for review.
The rules now insist that funds’ maximum income limits are governed by the notional return on Gilts, which are at an all-time low thanks to printing money through quantitative easing. This applies even if the fund is not invested in Gilts.
It seems that there is no problem which cannot be made worse by Government intervention.
Pensioners in these schemes can apparently expect cuts of between 36 and 50 per cent, while MPs and the mandarins who make to rules continue to collect their gold-plated-index linked payouts.
Many of us were surprised to learn that even the parish church needs to apply for planning permission, even for alterations.
The Blog’s planning applications section reveals that they want to change the external roof covering on the south aisle from clay tiles to Welsh slate. The reason for the change is that the existing roof has too shallow a pitch for clay tiles, and is therefore vulnerable to water penetration. Slate tiles will provide better protection, according to the consultants employed by the church.
Horsington Parish Council discussed this application at their last meeting. Surprisingly, Two Councillors were in favour, but three Councillors were opposed. One abstained because he/she felt that they needed further information.
The meeting recognised that the roof needs repairing but one Councillor, who has experience in roofing, reported that there are tiles on the market that are suitable for roofs with a pitch down to 15 degrees, and the council felt that this option should be investigated before the option of replacing the tiles with slates is taken.
Relations between the church and the parish council are said to be “strained”. Oh dear.
Sales of the video of the Jubilee street party have raised over £480 for the church roof fund. There are plenty more copies for sale at £10 from the Half Moon.
Make sure you have a record of this unique event, as there unlikely to be another celebration like this in the lifetime of any of the people present.
Virtually everyone who attended is featured in one way or another, along with the team of volunteers who put the event together.
The video has been made to a high professional standard, and has two bonus tracks – the Horsington Bellringers, and original archive footage of the Coronation in 1953.
The blog has learnt that the DVD will not work in some players. The manufacturers have put their hands up and owned up to a technical fault, and replaced the lot. If your copy does not work, pick up a replacement from the Half Moon.
Thanks to Charles james and Phil Shrimpton, the horse pond has a set of spanking new sluice gates. These will maintain a decent level of water in the pond, and regulate flooding (Surely cause flooding -ed).
A big thank you to both for their hours of work and engineering expertise. Plus thanks to Kev Wigley, who supplied the gates.
Anna Piechna writes: June 16 this year was Horsington School’s village fete. I wonder if anyone noticed anything else going on? 140+ people descended on us for another reason.
It was the Bath & Wells Association of Church Bells Ringers’ six bell striking competition.
Through out the Bath & Wells there are 11 branches, from Dunster up to Bath, who each held a local competition in their branch. The top two teams from each branch were then sent forward to the final, which was hosted by our Cary Branch. Each branch takes it in turns to host the event so we will not get another chance for 11 years!
Heats were held in Horsington, Maperton and South Cadbury with the final at Templecombe.
We were very kindly lent some lovely outbuildings to squirrel away the judges so they could not be knobbled!
Our local team came third in our heat and Preston Plucknett, who toppled the two favourites, Bathwick and Chilcompton, won the event.
As host we had to provide teas which proved a mammoth task for 140 +. Thanks must go to Andrew and Phillipa Tarling who provided much needed advice and food for ploughmans, helping to keep the cost down. With their help and all the others who contributed cakes etc., we managed to make over £300 which will go towards much needed work on Templecombe bells which are in need of serious repair.
Roll on another 11 years!
Thanks Anna. Remember, contributions are always welcome -Ed
Your editor has not yet had the fortune to visit Shaftesbury Arts Centre to review “Me and my Girl”, so we must rely on the drama critic of the “Blackmore Vale Magazine” for a verdict on the show. Here are a few choice quotes from this week’s review, in case you haven’t seen them.
“a huge amount of musical talent at Shaftesbury …”
Sophie Lester (director) . . . has found and unleashed an energy, enthusiasm and joy in her cast that also infects the audience.
“…some brilliant directoral ideas…”
“Many Shaftesbury Arts Centre stalwarts give the performance of their lives…”
Hollywood comes to Horsington. And the village itself , plus its inhabitants, are the stars. And we’re not forgetting South Cheriton either.
The film in question is the long awaited documentary on the Jubilee street party, which will be shown for the first time on Sunday 15 July at 2pm in the Half Moon. Everyone welcome.
Virtually everyone who contributed to the event, or attended the splendid lunch is featured, so come along to see how you look on TV.
The video will be placed in the “Time Capsule”. But you can buy a DVD with additional bonus footage of the village and the Jubilee event.
The DVD costs £10, and net proceeds will go to the church roof fund.
Copies will be available from the church and the Half Moon. You can also order a personal copy by emailing firstname.lastname@example.org, with your name, address and number of copies Please help this important cause and receive a valuable memento of a fabulous day. Cash on delivery please.