From Department of Labor data, Form 5500 reporting that applies to almost all private sector retirement plans: 1975 Data: About…
This maybe applies to around half of Baby Boomers in the UK, Jack. But only to that generation, of which…
"... most of rely on a state pension and an occupational pension. We still expect a reasonable wage in retirement…
Fair enough. I don't speak from insider knowledge, it's just my perception as an Outsider-looking-in from speaking to scheme members.
Tag Archives: Economics
War is destabilising world economics – how resilient is Britain?
This is me ripping the front page of the FT off this morning’s digital feed and sharing it with you, There are other stories behind those in the simple numbers of Britain and the USA markets, Korean markets were suspended … Continue reading
The West’s all in on artificial intelligence – it’s called “conviction economics”!
Kevin Warsh This article is from an email sent me by this man Since Trump’s announcement late last week that he would nominate Kevin Warsh to chair the Federal Reserve, the debate over Warsh’s qualifications has largely come down … Continue reading
Andrew Smithers on Tangible and Intangible assets
I have received this message together with a paper This recently published paper tests the validity of changes made in the calculation of US national accounts, most importantly BEA’s revisions No.s 11 and 14, and concludes that they were a mistake … Continue reading
Teaching those who don’t understand financial economics (Thurs 10th April)
The view of Edmund Truell at 8.43 yesterday evening, an evening the other side of Donald Trump’s withdrawal from more aggressive tariffs to most and an example setting tariff for China. Here is the circular shared on Linked in. Another … Continue reading
The Election; making difficult choices
This is a long post by an American economist called John Mauldin; I didn’t know him but I think I do now! Thanks to Per Andelius for this holiday reading. I have a letter halfway done on economic/investment themes, but … Continue reading
Posted in pensions
Tagged Clinton, Economics, John Maudlin, Social Security, Tribal Politics, Trump
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Too Expensive to Keep? Is it time to break our promises to the baby boomers?
In a stunning lecture delivered without notes to a “senior” audience at the Oxford and Cambridge Club last night, Paul Johnson helped us ask these questions of ourselves. For his audience was by and large – precisely the entitled class … Continue reading
Posted in pensions
Tagged baby boomers, Business, demographics, Economics, Employment, Financial services, Paul Johnson, pensions, Retirement, SERPS, Social economics, state pension
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“Pensions people can trust” – a proper kick in the nuts.
If we could only lift up our eyes from our spreadsheets and do some strategic thinking, we’d be grateful that Labour are trying to clean up our act. Continue reading
Posted in annuity, auto-enrolment, dc pensions, defined aspiration, mallowstreet, pension playpen, pensions, Retail Distribution Review
Tagged corporate governance, customer service, dc pensions, Defined benefit pension plan, Economics, Insurance, Liability Driven Investment, Pension Poverty, pensions, Politics, Retirement, Society, Steve Webb
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You can’t buy a sausage with a brick
Abe Bacchus, the guy who taught me to sell life insurance in 1984, used this great phrase when a prospect objected to creating a “capital reservoir” for the future. Of course a geared investment into bricks and mortar over the … Continue reading
Posted in dc pensions, de-risking, NEST, Retirement
Tagged Business, dc pensions, de-risking, Economics, Equity release, housing market, Investing, Life annuity, LV (company), moneysavingexpert, NEST, pension, Retirement, Society, Stock market
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Pension choices for smaller companies
Smaller companies– those with less than 50 employees are the beating heart of Britain’s economy. It is from among their number that the next Virgin or Tesco will come and though many of them will be toast in ten years … Continue reading
Posted in annuity, corporate governance, customer service, dc pensions, de-risking, pension playpen, pensions, Personal Accounts, Retail Distribution Review, Retirement
Tagged annuity, Business, corporate governance, corporate risk, customer service, dc pensions, de-risking, Economics, Employment, Financial services, Government, National Employment Savings Trust, pension, Pension new, pension playpen, Pension Poverty, pensions, Pensions, Personal Accounts, Politics, Public Sector Pensions, Retail Distribution Review, Retirement, Small business, Tesco
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Yes – things are this bad in DC land!
We all know that equity markets have sent the value of our pension savings into free fall and some people understand that low prospective interest rates mean the amount of pension you can buy from your savings has fallen lower. But did … Continue reading
Posted in annuity, dc pensions, de-risking, pension playpen, pensions, Retirement
Tagged annuity, dc pensions, de-risking, Economics, Financial services, Forbes, Free fall, Insurance, Life annuity, National Employment Savings Trust, Open Market Option, pension, pension playpen, pensions, Politics, Reasonable person, Retirement, Saving, Society, Stock market
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https://jackie125.substack.com/p/scotlands-frosty-response-to-andy