Dorkins
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Who's afraid of the 'be careful what you wish for' trolls?
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Dorkins replied to Confounded's topic in House prices and the economy
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Post Your Favourite Charts Here
Dorkins replied to Confounded's topic in House prices and the economy
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Mortgage approvals fall again
Dorkins replied to henry the king's topic in House prices and the economy
Amazing, thanks for posting this. -
Could another raid on your pension be incoming?
Dorkins replied to reddog's topic in House prices and the economy
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Could another raid on your pension be incoming?
Dorkins replied to reddog's topic in House prices and the economy
This is wrong. Yield is a function of both labour and capital i.e. with more capital you can get more yield from the same labour input. People with DC pensions are investing in the creation of new capital, the idea being that when they retire there will be additional future yield due to that capital investment that they can then take as an income to live on in retirement. Most public sector DB pensions (there are exceptions e.g. USS) are entirely unfunded - there is zero capital investment being created to fund the future liabilities, they are pure IOUs from the (future) taxpayer. -
I know there are other threads on this but bumping this one for old time's sake. UK 10 year Gilt back over 4%:
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Yes, the fundamental problem with using mobile data as the sole option for real world out-and-about stuff like car parking is that the mobile data infrastructure is still a bit shaky.
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I was wondering when day to day life would start to become impossible/impractical without a smartphone full of apps, it hasn't quite happened yet but this would certainly be a step in that direction. It's a shame that putting SIM cards in laptops never really became a thing. I'd much rather use a laptop to access a website via a browser than install a load of apps on a smartphone.
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Post Your Favourite Charts Here
Dorkins replied to Confounded's topic in House prices and the economy
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FTSE100 wipes out 3 month bull run in 5 days
Dorkins replied to henry the king's topic in House prices and the economy
Good. Cheaper equities are exactly what you want if you're in the asset accumulation phase of life. -
MSE - Support for mortgage debtors
Dorkins replied to TheResponsibleHouseBuyer's topic in House prices and the economy
From the MSE site: So pretty much historically normal mortgages interest rates then. -
Am I too early for a budget prediction thread?
Dorkins replied to Mancunian284's topic in House prices and the economy
Agreed. My guess is Hunt will go to £60k annual allowance, £1.5m lifetime allowance and some monkeying around to make it easier to contribute if you've already started withdrawing your pension (current annual allowance £4k in that situation) but let's see. -
Am I too early for a budget prediction thread?
Dorkins replied to Mancunian284's topic in House prices and the economy
More briefing of newspapers that Hunt is planning to increase both the annual and lifetime pension allowances: https://www.theguardian.com/money/2023/mar/10/pension-jeremy-hunt-raise-cap-budget-lifetime-allowance -
When occupational pensions became much less generous and switched from defined benefit to defined contribution 2-3 decades ago workers really should have cranked up their pension contributions towards something like 25% of gross income to compensate but they just didn't. Now most under-50s are on a glide path to retirement that will leave them with £50-100k in their DC pension pots at state pension age if they are lucky. Given that the state pension has an annuity value of something like £300-400k it's likely the median pensioner from this cohort will get 80% of their retirement income from the state pension with another 20% coming from their DC pensions.