CeXit

[cxorcist]

With the pound down at 1980s levels and no chance for industrial peace at CX, do the old school Brits take their money and retire back home? I know I would, but I do not define myself by being a Cathay Captain.

[Average Fool]

The smart ones will.

The sooner anyone can retire from this place the better.

[Yonosoy Marinero]

It might be a good day to change your chips into Sterlings. What remains to be seen is the long term trend. It will make up some of its losses past the initial shock, but I wouldn't be too rosy about the currency's future.

It's suddenly a lot more cash now, but the question is, how far will that cash get you in the UK 10 years down the line?
I suspect inflation is not going to be kind on the ex-EU Kingdom.

[cxorcist]

All the more reason to retire now.

[Threethirty]

The EU will flounder on the rocks, so no the pound won't stay low for long.

[cxorcist]

Nexit, Frexit, Austria La Vista, Italeave, Czechout, Finish, Slovakout, Departugal, ...

[Cpt. Underpants]

Originally Posted by Anotherday

Lmao. Guys all think their Prov fund is definitely going to be there when they choose to retire.
Good luck with that.

I find it morally reprehensible that you appear to relish the thought of someone being penniless.
You define schadenfreude.
Shame on you.

[The Visionary]

Anotherday, what do you mean exactly? Honest question. I have a lot of money in that damn thing. Are you saying they will just take it? That would be a big mistake on their part to do that to me I can tell you.

[bafanguy]

"Are you saying they will just take it? That would be a big mistake on their part to do that to me I can tell you."

The Visionary,

Is your Prov fund an independent, individual account with your name, and only your name, on it ? Or is it a promise to pay from the pot o'gold at the end of the rainbow...someday ?

[BillytheKid]

CXorcist-

Departugal was hilarious! Well played Sir.

[The Visionary]

Yes, money put into an account with my name on it. This includes adding into at 5 or 10%. I think they would have a hard time keeping that money and NOT giving it to the employee, even in Hong Kong. Now if we were to go on strike, that is another kettle of fish. Also, keep in mind, that a number of people within the past years have been able to cash out of it. So, I do not believe that you are right about this but thanks for the false alarm.

[mr did]

The PF is separate from CX but it is controlled by a Swire owned trustee company... The trust document is at BSC if you want to read it, and you are entitled to..

[bafanguy]

Well, just on general principles you'd want maximum distance between the company and YOUR pot of money. Trust no one...and I mean NO ONE.