remember, she has no brains, someone has told her to do this, and she thinks therefore it will work like magic. no understanding at all. i read she simply worked in the customer services / complaints section of the BoE. so she is obviously an expert.
would you trust her to be the treasurer of a uni society? |
surely lgen is in a good position for any changes in pension regulation. big player in low cost schemes. company has spoken about the huge scope outside the uk for taking over company schemes. companies need to focus on running their companies and leave the pension schemes to someone else.
it might be BoE / gilts which would be the losers. so it would have to be done carefully over a longish period of time. so expect the 3rd runway well after the current administration has passed.
if rachel wants quick growth, she needed to reduce taxes. |
I can imagine Reeves is hoping pension providers will invest in a new Heathrow runway. O'Leary says the project will deliver no growth for this government or the next and expects won't be completed until 2050. |
The pension companies could all buy LGEN, MNG, ABDN, and PHNX and get 10% dividend as well as see their own shares rise. |
The pension reforms should allow the big pension funds to invest back into equities and compete with most other successful funds around the world. Not balls deep, but progressive transfer whilst maintaining the core assets for the clients. After all, we all thought that GILTS where the lowest risk investments, but due to paltry returns the funds introduced LDI, which we know has bigger risks behind. To have decent returns they need flexibility in the balance sheet, which includes equities. I am all for change, but in a very controlled way .. GLA |
All a question of who takes on the risk. It is always there for somebody.
A bit like all insurances - may appear an unnecessary cost..........until you have a claim. |
There is the rub.
If the core of the fund is invested in stone-cold gilts and pensioners can be protected by some form of de-risking insurance or a PPF guarantee, it leaves schemes free to gamble with the surplus or part thereof. It would mean taking a risk but one which could be managed. The alternative zero-risk approach is to waste a big opportunity, continuing to pay a hefty fee to managers to do nothing is daft.
Who should decide, and how? |
I'm not sure how many companies would want to access surpluses in db schemes unless it was a stone cold certainty future events wouldn't erode said surpluses. |
Where the UK’s ISA millionaires are investing
Five Legal & General Investment Management (LGIM) index funds were among those most bought by HL's ISA millionaires.
This included the Legal & General Global Technology Index Trust (0P000023MW.L), which tracks the performance of the FTSE World – Technology index. |
 "It is hard to foster a sense of excitement for market participants around the January FOMC meeting, given no change in rates is expected and the dot plot isn't being updated. It is also a bit of a stretch to try and come up with plausible ideas for material changes to the statement," analysts at Lloyds Bank commented.
"On the one hand, dropping reference to the prospect of any 'additional adjustments' in Fed Funds would seem unduly hawkish at this stage, but on the other Powell going as far as hinting that March is very much under consideration for a cut in his press conference would be difficult to square with the present situation too. On the political front it just makes more sense for the FOMC to take until next time at least to try and fill in the 'placeholder assumptions' on the incoming government's policies."
Lloyds analysts continued: "In terms of the data, the labour market news is still solid with the latest indicator being yesterday's employment component of the consumer confidence report. That showed the 'jobs plentiful minus jobs hard to get' indicator slowing a little but still firm enough to be comparable with readings from H2 2024 and consistent only with an unemployment rate of 4.3%, just modestly above the current 4.1% level. A good deal of the press conference could be dominated by political questions given Trump's call for lower rates last week." |
PO (offtopic): I own PEARSON too - but that is a UK AI tech stock so I guess its up for a different reason... |
Suspect no cut at all either side of the pond.
US economy running reasonably well(pumped as it is by $1trillion deficit spending every 100 days) which will likely make FED stay its hand and stick.
As to BOE.
Who knows. |
Yep net, they are pulling out of tech and moving into every company you own shares in. |
Could it be people pulling out of US tech and as a defensive move
bunging the money into LGEN, PHNX ,ABDN and MNG ? |
#Tornado12,
FED rate decision tonight
BOE rate decision 05.02.2025
With a bit of luck a cut both sides and retain FX levels, USD income is pretty good right now with a weaker GBP.. :o)
On inflation the NY big public sector pay rises have not kicked into the data yet, and the employers NICS up to 15% has not yet resulted in their product/services price rises adding to the problem. |
I dont expect anything to be really new in RR (from accts) speech today, that has not been sitting in the long grass for years. I believe we have to invest, but the fruits of all this we will not see until after the next election. We may not survive that long with the current actual doom and gloom. There needs to be stimulus in the short term , not just Tax and Spend without growth. I just hope the interest rate cuts really kick in and inflation does not spiral out of control (again).... is our best short term hope |
So we will be hearing from 'The Chinese two' namely Andrew from audit and Rachael from accounts. |
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