Obscene amount of Remuneration

Once again read it properly!!! Nothing whatsoever to do with NFU membership

Ok fair enough but as an aside with regards to the mutual ......... Quoted for a car at £900/year. Put it with Think Insurance in the end for £380/year.

Needless to say we are now checking all vehicles to see whats going on.
 

Jock

Member
Location
Central Scotland
Don't see what you are all fussing about.
This is a financial services company not the farmers union and they do far more than just farm insurance too.
Those salaries will be Par for the course in that industry and they have actually been performing better than most in the sector.
Biggest eye opener is some of the small minded Ag view of the world responses.
 

smcapstick

Member
Location
Kirkby Lonsdale
Those people, like the bankers of yesteRANT, are in a position where their decisions can lose or generate MILLIONS of pounds for the company. That kind of responsibility requires skill and skill aint cheap. Any idiot can scan a tin of spaghetti lines and their paltry wage reflects that. Charlene on the checkout cannot steer a massive company towards a fat annual profit.

I don't think their wages are any of our business. I'm insured with then NFU and, although pricier than the competition, the service has been faultless.

Concentrate on making more money yourselves rather than waving pitchforks at other people earning lots, or are you Bolshevics? Remember, person A is never skint because person B has a good job.
 
I think the farm buildings insurance is overpriced. The farm tractor insurance is quite well priced.

The pensions are as well run as any (one of the best generally)

I don't have a specific problem with the renumeration of those individuals but I do have a problem with the excessive renumeration of the finance industry as a whole because generally it never creates proper wealth merely creams off a bit of what's in the till at the end of the year

That said its better like that than being the Co-op bank so its probably a case of better the devil you know but the structure of financial services pay packets is definitely deeply flawed.
 
But you could argue that because Charlene on the checkout was the person who put the stuff through the till then she has created the money for her company because she was at the coalface taking the sale. So if we treat the idiot scanning spagetti on the same basis as the banker then really Charlene should be automatically be able to cream off a portion of the sales at the end of each day - if she scans more that day then she should be eligible for more money, thats how the finance industry does it. I don't think we should pay Charlene in this way but its how we renumerate others.[/quote]
 

JP1

Member
Livestock Farmer
I think the farm buildings insurance is overpriced. The farm tractor insurance is quite well priced.

The pensions are as well run as any (one of the best generally)

I don't have a specific problem with the renumeration of those individuals but I do have a problem with the excessive renumeration of the finance industry as a whole because generally it never creates proper wealth merely creams off a bit of what's in the till at the end of the year

That said its better like that than being the Co-op bank so its probably a case of better the devil you know but the structure of financial services pay packets is definitely deeply flawed.
Were the Co-Ops issues not largely related to excess and reckless actions after they were de-mutualised?

I had a small NFU pension set up when I was first starting (insistence by ex FIL). Wish I had stuck with them TBH
 

Brisel

Member
Arable Farmer
Location
Midlands
Don't see what you are all fussing about.
This is a financial services company not the farmers union and they do far more than just farm insurance too.
Those salaries will be Par for the course in that industry and they have actually been performing better than most in the sector.
Biggest eye opener is some of the small minded Ag view of the world responses.

Good point well made! I insure with NFU Mutual & they are competitive with other insurers on premiums. Also very good on paying out following a claim. That makes them worthwhile for me. Why shouldn't they reward success? Checkout staff in a supermarket don't have the responsibility to grow a business to the size & success of the NFU Mutual.

Pay peanuts, get monkeys. You don't multiply wealth by dividing it.
 

smcapstick

Member
Location
Kirkby Lonsdale
But you could argue that because Charlene on the checkout was the person who put the stuff through the till then she has created the money for her company because she was at the coalface taking the sale. So if we treat the idiot scanning spagetti on the same basis as the banker then really Charlene should be automatically be able to cream off a portion of the sales at the end of each day - if she scans more that day then she should be eligible for more money, thats how the finance industry does it. I don't think we should pay Charlene in this way but its how we renumerate others.
[/quote]
Charlene didn't set the price. Source the product. Market. Research. Invest. Hire. Speculate. Spend.

She picked up a tin, moved it sideways, put it down. People say it's the little gears that make the machine work, but little gears are a quid. The Machine is tens of thousands.
 

JP1

Member
Livestock Farmer
My point was that Lord Myners said the co-op bank didn't have enough business people on the board to steer it.
Point registered. I'd like to know more about that one. One hand, Lord Corporate Myners, other side perhaps un-governable Co-Op stakeholders trying to uphold / re-instate mutual values. I was saved on that one when the other banks were sliding, I couldn't bring myself to bank with the Co-Op with their compulsory levy to Labour.

Interesting thread this
 

smcapstick

Member
Location
Kirkby Lonsdale
Good point well made! I insure with NFU Mutual & they are competitive with other insurers on premiums. Also very good on paying out following a claim. That makes them worthwhile for me. Why shouldn't they reward success? Checkout staff in a supermarket don't have the responsibility to grow a business to the size & success of the NFU Mutual.

Pay peanuts, get monkeys. You don't multiply wealth by dividing it.
Huge +1. Being bitter and jealous was the ruin of many people and many states. If there is big wealth in this country, so much the better.
 

grumpy

Member
Location
Fife
thats just the going rate for folks in that position,who would you replace them with a road sweeper?and i have no problem with huge bonuses as long as it is matched to performance.
 
Charlene didn't set the price. Source the product. Market. Research. Invest. Hire. Speculate. Spend.

She picked up a tin, moved it sideways, put it down. People say it's the little gears that make the machine work, but little gears are a quid. The Machine is tens of thousands.[/quote]

I hear you and not for one minute suggesting Charlene and Mr Fat Cat should get the same money. But Mr Fat Cat is paid to do a job and then when he does a job well he gets paid again. Now I know you can say this is what is needed to get the best people but at the end of the day only one person can be the "best".

Why does Mr Fat Cat need extra renumeration for doing his job he has been paid once for? Would he have done a job less well if he had not been paid? If its his own business then the argument is totally different but its not, its someone else's.
 
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thats just the going rate for folks in that position,who would you replace them with a road sweeper?and i have no problem with huge bonuses as long as it is matched to performance.

No one is irreplaceable and I don't really think anyone is such an out and out genius that they are irreplaceable, in whatever sphere of work or life. However brilliantly effective they may be even if it is Alex Ferguson, Adolf Hitler, Katie Price or Fred Goodwin.
 

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