Technology & Financial Fitness

“In short, investors should not treat technology as the equivalent of a “diet pill” that will help them lose weight effortlessly and instantly. Instead, they should view it as a tool to encourage the behaviour (the investment equivalent of exercising more and eating less) that will lead to long-term success. Think of fintech as one… Read More

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Pensions & the State: A Chronic Headache

“EMPEROR AUGUSTUS came to power with the help of a private army. So he was understandably keen to ensure the loyalty of his soldiers to the Roman state. His bright idea was to offer a pension for those in the army who had served for 16 years (later 20), equivalent in cash or land to 12 times their annual salary. As Mary Beard,… Read More

Workplace: The Military vs Corporations

“When it comes to pay, promotion, education,pension, job security and being ordered about, the military offers a freer and kinder existence than most corporations. And only a few civilians can turn up to work on any given morning to find they are off on an another adventure somewhere in the world.” (Falconer, 1998, p.51). Falconer,… Read More

Future Armed Forces Pension Scheme: Key Points

The main features of the new scheme are (new features in bold): One scheme for all – including Reservists. A Career Average scheme (rather than final salary). No personal contributions. A pension accrual rate of 1/47th for all. Benefits earned under the new scheme while serving will be increased (‘revalued’) annually by an average earnings index.… Read More