Monthly Archives: December 2023
Transfer values fall out of bed (pt. 94)
Take one The fall of 7% over May was due to a further increase in gilt yields and a further fall in long-term inflation expectations, despite the continued current high inflation rates, it said. In April it was £232,000, … Continue reading
What motivates the young?
“The most important fact in modern British domestic politics: in the 1990s, a first-time buyer couple on a low-to-middle income saving 5% of their wages would have enough for an average deposit after three years. Today it would take them … Continue reading
Snooping on state pensioner’s finances
Ministers last week rushed an amendment through the Commons, allowing it to look into the bank account of everybody claiming State Pension. Their only reason was that it might be useful one day. The only change which could make it … Continue reading
Christmas – subject to railways
Christmas is the time when families get together . To do that, people have to travel and for most of us, the choice to do so is by car or by public transport. Yet more disruption due to broken industrial … Continue reading
“A defining public purpose” for pensions
“If you want more private investment, you need stability. We like to see governments around the world creating a stable regulatory and tax regime that facilitates long-term investment.” John Graham, president and chief executive of Canada Pension Plan Investment … Continue reading
BP pensioners short-changed
BP’s interim CEO offers one-off charity handout to pensioners – while cutting real value of 60,000 BP pensions by 11% (02/12/2023) The BP Pensioner Group has described the decision by BP’s new interim CEO, Murray Auchincloss to offer a ‘one-off’ … Continue reading
The perils of being wealthy with a pot
Thanks to of M&G’ Kirsty Anderson for this helpful explanation of why it’s so touch being wealthy It seems that scrapping the LifeTime Allowance has led to the emergence of three more “allowances”, which of course aren’t allowances but restrictions … Continue reading
I do miss Twitter, I won’t miss X.
I’ve been contemplating the likely impact of there not being twitter for a few weeks now. Stuart Macdonald send me a link to BlueSky I’ve been enjoying the experience of using this fresh site and have started distributing invites to … Continue reading
Fair value comes from the horse not just the cart. The Compact should look to that.
I was listening to my friend Chris Sier on Friday talking about how the transparency agenda has moved on. Chris was talking about how asset valuations are arrived at in private markets, particularly as regards “private equity” where there is … Continue reading
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Tagged 'investment trusts, Compact, intermediary, Pensions, private assets, Productive Finance
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Yeovil Town – FA Cup giant killers
Yes, we’re back, Britain’s greatest giant killers are at it again. Today at 3.45pm , I will be glued to the gogglebox watching Wrexham v Yeovil (weather permitting). Wrexham are of course Hollywood, Yeovil most definitely are not Wrexham owned … Continue reading