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Endowment shortfall advice please
Comments
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What everyone is mostly annoyed at is that for 24 YEARS it's been happily plodding along (taking the money off everyone) saying 'yep it's all on track' then bang the last & final year 'oh by the way now it's not'...It's just typical of this country wanting to take everything from the hard working British man...the fat cats win again!
I'm surprised this is the first year it's showing a shortfall. This time last year the situation was looking much worse. If the last projection you had was around this time in 2008 then yes I can see it. That was before the worst effects of the financial crisis were seen.
Projections are based on assumed future growth rates - they aren't predictions. IF you get growth at 4% a year, you will get this much, IF it grows at 6% a year you will get this much etc. In 2008 I'd guess that far from growth at any of the example rates, nearly all funds would have made substantial losses.0
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