The current rules heavily tilt defined benefit pensions towards investing in the safest possible financial instruments - effectively gilts or the highest quality corporate bonds. This makes sense on … (View Post)

Oof. You can really see the destruction of local government carried through in the name of austerity by the Osbourne/Cameron government in that chart. What’s also clear is that it didn’t work - centr… (View Post)

I look forward to the inevitability of a Lab/Con coalition. The steam that will rise from the ears of the party faithful on both sides would make it all worthwhile. (View Post)

The Ukranians are turning 70 years worth of accumulated military hardware owned by the most likely military opponent Europe has into a large pile of scrap metal for us. That’s probably worth supplyin… (View Post)

Bonds on the USS books are supposed to be valued at either current market value (if tradable) or based on a DCA analysis of the company in question if not. Either way they will have written off these… (View Post)