So….no-one saw this coming?

So lots of people in the public sector are pretty hacked off at being told their pensions are not going to be as good as they previously thought.

This is an entirely understandable attitude, although it’s not as if this is something that people in the private sector haven’t also had to confront.

What confuses me is that to any actuary worth his or her salt, it must have been blindingly obvious decades ago that we would get to this point. The demographic shift that has been exacerbated by the ‘baby boomers’ retiring can hardly have taken anyone by surprise.

So with more people taking out of the pot, and fewer people paying in, there would come a time when pension arrangements agreed in different times became unaffordable.

It’s no consolation to anyone getting the bad news, but I’d love it if the government, just for once, could try to be honest with us and admit that this should have been addressed a long time ago.

At least if they did that I could have flying bacon sandwiches for lunch.

In which Calum muses on the nature of ‘blogs

So there’s a gazillion blogs on the web, so many that they have their own collective noun.

Why bother?

Some people write about issues that matter to them, some on behalf of their employer or some other organisation that they are involved with. Some do it for payment, some for fun, and some because it’s something they read about and thought they ought to have a go at.

It’s an odd thing really, because depending on the individual and their audience, it’s somewhere between a diary, a confessional, an advert, a sermon, or chatting down the pub.

I’m doing it because*

  • writing things down can be a powerful way of organising your thoughts, or just letting off steam
  • doing it in a way that others can respond and question stops it being a case of just yammering on to yourself
  • I’ve got far too much free time on my hands at the moment

*One of these reasons isn’t true. I leave it as an exercise for the reader to guess which one 😉

Testing, testing, 1..2..3. Is this thing on?

So this is my first post on my ‘web log’, interestingly* enough on my birthday, which seemed like as good a day as any to start something like this.

I don’t have any intention of updating this especially regularly, I just needed something to replace the awful pages that were up here from about 2004. I imagine Google has a copy if you’re that bothered.

*For suitably small values of interesting