Episode 166 - Defined Negatives Pension
Our Pod Dad David has left us alone with Rob, who has brought out the hit board game UK Pensions Finance! to entertain us on his custody episode. Join us as we investigate what has maybe, perhaps, if you squint, being going on in the realm of imaginary numbers lately.
Cast:
Low Yield Rob - @CountRThe
Variable Rate of Return James - @anarchonbury
Unsound Investment Alasdair - @Ballistari
Put It All On Red Jamie - @crimebeavis
Comments (1)
Note from James: I didn't interrupt Rob in the episode because I'm not completely rude, but when Rob says "None of us knew anything about this until recently," this isn't entirely accurate. For my sins in my job I did actually know before this episode how the UK pensions market works, how gilts interface with it, how the complex strategy of hedging in risk-adverse financing generally plays out. It's kind of important to election strategy, as knowing what material conditions are going to look like six months, twelve months, two years from now is part of how you do politics...