@ChrisMayLA6

#UKlifeexpectancy

#Pension

I should add that there is a further twist to this particular tale. Until the current budget the #UK assumed a notional individual pension pot for #definedbenefit schemes - like the #NHS. This was calculated using an estimate for annuity rates. Annuity rates depend both on #LifeExpectancy and #InterestRates. Increasing life expectancy reduces the annuity rate as does reducing interest rates - the result is to put up the value of the pension pot.

For those of you with an eye on the #stockmarket (and #pensions issues), here's an interesting conversion in issues...

One of the difficulties the London stick market has is the lack of UK #investors looking to invest in UK shares... at least partly this shift seems to have been driven by firms with #definedbenefit pension funds, looking to sell shares (& not invest in new offerings) to buy bonds to lock in yields, so as to then transfer (sell) their pension liabilities to other institutions!