Tag Archives: Economy
An annuity rate GOOD – economically BAD message from long-term gilt yields.
This is the big chart for pensions , telling everyone from pension scheme actuaries to life actuaries managing annuity rates what to say with numbers. I say that because the other way of looking at this chart is as a … Continue reading
Posted in pensions
Tagged 30 year gilts, borrowing, Economy, Gilt yields, Govt borrowing, IMF, Inflation, Pensions
Leave a comment
“Whose Money Is It Anyway?” – Michael Mainelli in full
Professor Michael Mainelli Tuesday, 10 June 2025, JP Morgan, Embankment Opium Moments – Asking Questions I once opened a talk thusly: “On Saturday evenings I have had the custom, after taking my opium, of wandering quite far, …”. … Continue reading
NHS shows our pension tax strategy is in a cul-de-sac.
Kat Lay’s article on NHS pensions in The Times yesterday has sent alarm bells ringing at the FT. Kat suggests that the rules around the Annual Allowance that have been flagged by the BMA for the past four years are … Continue reading
Global and UK Economic Recovery up to September 2020
Covid-19.arg Global and UK Economic Recovery up to September 2020 COVID-19 Actuaries Response Group – Learn. Share. Educate. Influence. Summary There are clear signs of economic recovery in the UK following the lockdown between March and June, as … Continue reading
Posted in advice gap, coronavirus
Tagged actuaries, Business and Economy, Covid-19, Economy, Joseph Lu
Leave a comment
Death by discount rates
Q: When is a million dollars not a million dollars? A: When it is not yet a million dollars. The pensions business is all about the long term. Fund managers like me are responsible for ensuring we have sufficient funds … Continue reading
What has COVID-19 done to our economy? How can we recover? – Joseph Lu
What has COVID-19 done to the economy? The UK’s economy started the year with a rising stock market and house prices, said to be the continuation of a ‘Boris Bounce’ after a landslide election win that inspired business activity. … Continue reading
Posted in coronavirus, pensions
Tagged actuaries, Actuary, Covid-19, Economy, Joseph Lu, UK
Leave a comment
Do you work in the bullshit economy?
Stefan Stern has kindly shared an opinion piece he’s written in the Guardian, which I like very much. You can read it for free here (thanks to the Guardian’s enlightened sharing policy) Five years ago, Stella and I moved back … Continue reading
Posted in Occupy London, Politics
Tagged bullshit, Economy, Guardian, Sports, Stefan Stern, Work
Leave a comment
Respect for the self-employed
It’s a truth as old as the hills that there are two types of self-employed. Those who choose to be and those who have no choice. Most people who read this blog have more experience with the “professional” classes who … Continue reading
Posted in pensions
Tagged DWP, Economy, Government, HMRC, Matthew Taylor, National Insurance, Paul Lewis, pensions, RTI, UK
2 Comments
Buildings for the future -time to spend cheap money.
I am with Nigel Wilson on this “QE was designed by the rich for the rich; it drove up the price of assets rather than creating new ones and there has never been so much money available as today”, It’s … Continue reading
“Britain’s future is brighter than the British realise!” – Dr Pippa Malmgren
This is a blog by Pippa Malmgren. I met her through the good folk at Mallowstreet and she is my favourite economic commentator bar none. So I’m really pleased she’s agreed for me to republish this remarkable work here. … Continue reading