This blog used to be rude about the ABI but they complained and I am very afraid of the ABI so I took the bit about them down.
Ros and Sharon are still right!
Scheme actuaries use a nominal gilt yield curve, which they assert directly matches the currency and inflation exposure of those…
"prefers to compare the returns with a liability proxy (a mixture of gilt maturities)" Are those Index-Linked gilts, given that…
I agree the major problem with DC is that it has been designed as a savings plan not to provide…
Oh, and I think this confusion leading to DB being viewed as a pot by members is an unintended consequence…
Thanks for your reply. I hope it does successfully "embed both the real rate and expected inflation in one number".…