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About me

I founded and co-founded a couple of companies: Redington and mallowstreet; now I have launched a global initiative, Partnership for Change, which is working to improve healthcare, long term care, pensions & savings and technology for a rapidly ageing population. I write about issues of the day that touch me and make me think. Mostly about how to make things better.

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DEFCON 1

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What a week! FTSE dipped below 5000, aggresive bears prowl the Street, and we move inexorably to Defense Condition 1.

 

It strikes me as ironic, however, that whilst there is, understandably, huge focus on pension funds losing serious money in Act of God times like these – per the Daily Mail (as always) “stocks plummet”, “market crashes”, “pension funds lose billions” – there is very much less awareness that equal havoc is wrought by deliberate man-made disasters such as switching the benefit indexation link from CPI to RPI or edit replacing “final salary” with “career average”…

 

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