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Peanut Butter Lovers Day

Salute your favourite spread on National Peanut Butter Lover's Day. 

Peanut butter actually dates back to Aztec times. The commercial invention of peanut butter is credited not to one but three inventors; Marcellus Gilmore Edson of Canada, John Harvey Kellogg of Kellogg’s cereal fame and Ambrose Straub of St. Louis, Missouri who patented a peanut-butter-making machine. But probably the real inventor of modern peanut butter is chemist Joseph Rosefield, who invented a process for making peanut butter that kept the oil from separating. He licensed his invention to the company that created Peter Pan peanut butter and began producing his own peanut butter under the brand name Skippy.

Are you a smooth or crunchy peanut butter eater? Smooth is the most popular by sales. It is also so much more than a spread; it is used in satay recipes, cakes and even chocolates. Its reputation as a convenience fast food is unfair To qualify as peanut butter, it must be 90% or more peanuts and have no artificial preservatives.

Pensions, like Peanut Butter, has a number of inventors who claim that it was their idea. The Bank of England claims that it offered the first pension but other says that it was the Chartered Gas Light and Coke Company Superannuation Fund. Many railway companies established pension schemes for their staff from the middle of the nineteenth century, and firms such as Reuters, WH Smith, Colmans, Courtaulds, Boots, Kenricks, and J & P Coats also set up pension schemes for their staff in the late nineteenth and early twentieth century. Some argue that occupational pension schemes provide deferred pay and the real pensions were the retirement annuity plans set up in the 1970s.

Pensions, like Peanut Butter, also have a branding issue. Pensions are often branded as poor value, restrictive, waste of time and a rip-off. The introduction of pension freedoms certainly helped the brand of pensions with the lifting of restrictions on how pension benefits can be taken; perhaps the more wholesome brand of peanut butter now seen on supermarket shelves rather than the jars with the orange plastic leads.

Perhaps the biggest misnomer for Peanut Butter is that a peanut is not a nut; it is a legume. There are many pension scams that are offering pensions that are definitely a misnomer.

So a few similarities of peanuts and pensions. By the way, if you are a peanut butter lover, there is plenty to celebrate – 2nd April is National Peanut Butter & Jelly Day followed by National Peanut Day on September 13th. A bit like pensions, there are lots of days when you should think about your pension!

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