Robert Hillman is a highly experienced City Quant, with a legendary record. He’s also a great mate of Bill! He’s come up with a great analysis of the UK’s Triple Lock Pension policy – looking at it as an option... It's well worth reading if you want to figure out smart policy vs political games.
Yesterday UK premier Andy Burnham made clear the 15-year-old promise to keep rising the UK basic pension is going to change. The government will reinvest the cash it saves in a new national care service.
Consequences are unavoidable. Pension savers are crushed by interest rate repression and the changing demographics of Covid, while the deluge of debt fuelled by low rates does nothing for economic sustainability.
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