Interest rate changes are like sunspots
Posted: January 14th, 2017, 8:15 am
Those congratulating themselves on having the acumen to have owned index-linked gilts last year should remember this. With respect to the fundamentals of pensions, interest rate movements are sunspots, an extrinsic random variable. Irrelevant. However, expecting this to end in cathartic tears is ill-conceived; we have been largely drained by the pain, cost and mental anguish already experienced.
https://henrytapper.com/2017/01/11/suns ... n-keating/
Rob
https://henrytapper.com/2017/01/11/suns ... n-keating/
Rob