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Winnie-the-Pooh Day

Today is Winnie-the-Pooh day.

Winnie-the-Pooh was named after a Canadian female black bear at London Zoo, and “Pooh”, a swan they had met while on holiday. The bear cub was purchased from a hunter for $20 by Canadian Lieutenant Harry Colebourn while en route to England during the First World War. He named the bear “Winnie” after his adopted hometown in Winnipeg, Manitoba. Colebourn left Winnie at the London Zoo while he and his unit were in France; after the war she was officially donated to the zoo.

You will be pleased to know that Winnie-the-Pooh has a very good pension.

  • Winnie-the-Pooh is naive and slow-witted but he is also friendly, thoughtful, and steadfast. Although he and his friends agree that he “has no Brain”, Winnie-the-Pooh is occasionally acknowledged to have a clever idea, usually driven by common sense. One of his clever ideas is saving into his workplace pension. This scheme has low charges and investment funds that have been designed specifically to meet the needs of a bear.
  • Winnie-the-Pooh is very fond of food. Like its owner, a defined contribution pension pot needs to be fed contributions in order that it delivers. When he visits friends, his desire to be offered a snack is in conflict with the impoliteness of asking too directly. Let’s hope the bear asks his employer if there are ways that he can feed his pension pot more like “salary sacrifice” or “matching contributions”.
  • When Winnie-the-Pooh and Piglet are lost in the forest during Rabbit's attempt to “unbounce” Tigger, Winnie-the-Pooh finds his way home by following the “call” of the honeypots from his house. He makes it a habit to have “a little something” around eleven o'clock in the morning. As the clock in his house “stopped at five minutes to eleven some weeks ago,” any time can be his snack time. Luckily, this “call” of the pots means that Winnie-the-Pooh knows where all his past pension pots are kept.
  • Winnie-the-Pooh is very social. His kind-heartedness means he goes out of his way to be friendly to Eeyore, visiting him and bringing him a birthday present and building him a house, despite receiving mostly disdain from Eeyore in return. He has made sure that he keep his “nomination of wishes” forms up to date so that the Trustees know to whom to pay his death benefits.
  • Winnie-the-Pooh knows how important it is to communicate simply. He once said “It is more fun to talk with someone who doesn't use long, difficult words but rather short, easy words like “What about lunch?”. Luckily his pension scheme have heeded these words.

Winnie-the-Pooh contacted The Pensions Advisory Service saying “When you are a Bear of Very Little Brain, and you Think of Things, you find sometimes that a Thing which seemed very Thingish inside you is quite different when it gets out into the open and has other people looking at it.”. We hope we helped him have plenty of “hunny” in his retirement.

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