I haven’t commented on the American presidential poll as information and misinformation have been so generally available. What I have posted are the odds surrounding the relative chances of the two candidates, the result has not been in doubt for some time and talk of “knife edges” has been “fake news”.
My business interests are in retirement and in particular what is going on, on our side of the pond. Britain , and the kind of politicians I respect, seem happy to embrace Joe Biden in a way they did not embrace Donald Trump.
Congratulations President-Elect @JoeBiden + VP @KamalaHarris 🇬🇧 🤝
Integrity, pragmatism, climate change acceptance, support for NATO + much more are back. Good news for the UK pic.twitter.com/xfc7eQk2o2
— Guy Opperman (@GuyOpperman) November 7, 2020
Reasons to be cheerful (1)
On retirement policy, the Democrats pledged to reject efforts to cut, privatise, or weaken Social Security, including raising the retirement age, diminishing benefits by cutting cost-of-living adjustments, or reducing
earned benefits. #USElection2020— Josephine Cumbo (@JosephineCumbo) November 7, 2020
Reasons to be cheerful (2)
Signficantly, the Democrats also pledged to reverse Trump Administration’s regulations allowing financial advisors to prioritise their interests over their clients’. Democrat reforms will see financial advisors legally obligated to put their client’s best interests first.
— Josephine Cumbo (@JosephineCumbo) November 7, 2020
Reasons to be cheerful (3)
Workers in the US currently get tax benefits when saving in defined-contribution plans, like the 401(k) plan. As it stands, the system is preferential to higher-earners, who receive a stronger tax break for saving. Biden has pledged to “equalize” these benefits. #USElection2020
— Josephine Cumbo (@JosephineCumbo) November 7, 2020
1-2-3
As this article attests, Biden has a reputation for getting things done , not through bluster but through the skilled use of consensual politics. His win is a good thing for the world and as our Pension Minister points out – for the UK.
Joe Biden