I’ve just been auto enrolled into an Aviva pension, so whilst I was setting it up online I did a car insurance quote.
Allianz was last year’s company, and they beat Aviva by over £100. Is this is a sign Aviva don’t want car insurance now?
Car insurance was a boring car, no claims or anything, protected and with Business.
As for the pension scheme, I’ll let you know the direction of travel, but I changed the retirement age from 67 to 60 to reduce my risks, I’m guessing a sort of version of Vanguard 60:40? |
The Times today
"Legacy of a crackdown: Higher insurance costs for all.
Regulator move to stop insurers charging a loyalty penalty .
Result (my view) most if not all paying more .
Same with Smartmeters . Supposed to save Billions instead it's costing Billions and is unreliable.
I wont mention HS2
Anyone get fired ? Thrown in jail?
Taxpayers money down the drain . Sick of it |
careful
I see you used expressions 'used to be' and 'safe'
Yes you are correct.... until Politicians relised that inflation reduced the real cost of long term debt.
Inflation at 5% pa halves the real redemption value of 15 year bonds |
1robbob - I was just wondering where we could be if govt actually managed public spending over say 20 years so that with managed inflation and a bit of growth they actually paid off some debt.
Public services would be affordable without the debt interest and it would clearly take decades to pay off a meaningful amount to notice the difference - but I remember they had to coin PSDR - Public Sector Debt Repayment in the 1980's under Thatcher - how we can long for some of that... |
As you all know I am no lover of Government Bonds, UK and elsewhere.
When will investors, Institutional and Private, realise that they are de facto mega Ponzi Schemes - borrowing from tomorrow to pay for todays redemptions
This will remain the case until Governments balance their budgets over the medium term
..that does not mean a budget surplus one year in 20, it means balanced in aggregate over the period
Why on earth Pension Funds are 80%-90% invested in Bonds. Actuaries and Regulators should hang their heads in shame
Rant over...that feels better!! |
As if their model or analysis is accurate to less than 0.86%!!! |
FWIW :- Bank of America raises Aviva price target to 590 (585) pence - 'buy' |
This is up and down like you know what. Should be 500p+ already. |
I see the provisional key dates have been realised with the finals due on Feb 27th, quite a bit earlier than usual. |
GeckotheGlorious ,Yes but you are asking the turkeys vote for Christmas , lots of them with big pay rises and secure benefits are very happy, even if starmer brings more excessive sentences for so called far right views. |
Well what a fine mess the politicians (both) and the BoE have got us into.
and there is no way out, which is without risk.
I suggest that the BoE at long last shows some balls and starts an immediate programme of reducing interest rates. In exchange for HMG agreeing reductions in Public Expenditure in real terms.
The inflation risks are obvious but there is not too much external pressure on inflation and to be honest there are not many alternatives.
HMG doesn't have much choice but to agree, as to raise further taxation will be like 'trying to catch a falling knife'
Somehow they have to get some optimism back into the UK business and financial communities...words will not suffice
Such a programme will not start a bull market in long bonds as inflation concerns will continue, but it would stabilise matters........... Equities however could get quite excited!!! |
Ok guys, let's get this back on track please. spud |
Labour are by far the most useless incompetent government I’ve seen in my lifetime!
Conservative’s were bad enough!
Same old, same old unfortunately…..they all lie their way into power and once there, fail to deliver on their promises.
They will need to raise more taxes soon to fill the new black hole created by increased borrowing costs, you couldn’t make it up! |
What was that obvious tk everyone other than those that agreed the Oct budgetFrightening how naive this government are. Will get to a stage where will be forced out sooner than people think |
Pound plunges as borrowing costs surge even higher. Thanks Labour. |
Yump - did you criticise the Liebour party when they sent over 100 MP's and activists to campaign against Trump
We all know the answer
Keep the pressure on please Elon - our government needs changing asap |
It won't change anything, but it might make you feel better :- |
This might be a Reeves decade rather than a Truss moment.
About time the media got stuck into Labour’s hypocrisy and demanded an apology. The £22bln excuse has run its course.
I voted for them as well!
O/t Starmer could have grown a pair and told Musk to look after his own country’s problems. What a weak leader he is. |
4% down… |
Bank of England to relax rules on Insurers . FT |
Yes, the 'Liz Truss' moment circled is fast being usurped! |
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