Hi Tim, wondered if you could answer a question on pensions and the bond market. I have seen some very scary predictions online about how worthless a private pension could become in event of a bond market collapse and that insurance companies providing pensions would also fail. I am not convinced this is the case, pensions in UK also come with a guarantee. But wondered if it might be better to divert some funds currently going into company pension scheme into hard assets instead?
Hi Tim, wondered if you could answer a question on pensions and the bond market. I have seen some very scary predictions online about how worthless a private pension could become in event of a bond market collapse and that insurance companies providing pensions would also fail. I am not convinced this is the case, pensions in UK also come with a guarantee. But wondered if it might be better to divert some funds currently going into company pension scheme into hard assets instead?
3am Monday morning Sydney is just a tad too early ...