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NS&I Certs now withdrawn...
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More to the point they have to be seen to sell some index-linked products from time to time, to give the market 'confidence' that they have a commitment to keeping the lid on inflation, and hence be able to finance the bulk of their requirements at the record low fixed coupon terms we have at the moment
Keep your eye on the issuance of index-linked gilts market - tends to be larger issuance of these than ILSCs. £7.5bn this year, approximately 25% of total gilts issued so far this year.Living for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.
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Ark_Welder wrote: »Keep your eye on the issuance of index-linked gilts market - tends to be larger issuance of these than ILSCs. £7.5bn this year, approximately 25% of total gilts issued so far this year.
That makes me nearly 25% confident that inflation will be kept under control :rotfl:
IL Gilts would ordinarily tend to be bigger than ILSCs, but when the figures come out, I think we'll find that ILSCs have sold more than £7.5bn in the past 4 months.0 -
That makes me nearly 25% confident that inflation will be kept under control :rotfl:
IL Gilts would ordinarily tend to be bigger than ILSCs, but when the figures come out, I think we'll find that ILSCs have sold more than £7.5bn in the past 4 months.
Don't forget that inflation will also push up the costs of index-linked pensions too
Not sure about the monies raised, the original target was for £2bn. And cash in NS&I doesn't help the banking system...
[edit]
Just seen that the NS&I's target to be raised for the year is £2bn with £2bn leeway (so anywhere between £0 and £4bn.) Net monies raised in the first quarter was £3.8bn, hence the pullLiving for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.
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Ark_Welder wrote: »Don't forget that inflation will also push up the costs of index-linked pensions too
Not sure about the monies raised, the original target was for £2bn. And cash in NS&I doesn't help the banking system...
[edit]
Just seen that the NS&I's target to be raised for the year is £2bn with £2bn leeway (so anywhere between £0 and £4bn.) Net monies raised in the first quarter was £3.8bn, hence the pull
Net £3.8bn, of which ILSC's contributed (I have heard) over £6bn. In other words people were withdrawing from other NS&I products or they were maturing and not re-investing..
BTW I'm looking forward to my index linked pension. Not so much now as it will be linked to CPI instead of RPI but better than nowt.0 -
and a lot better than those in money purchase pension schemes.N...
BTW I'm looking forward to my index linked pension. Not so much now as it will be linked to CPI instead of RPI but better than nowt."A nation's greatness is measured by how it treats its weakest members." ~ Mahatma Gandhi
Ride hard or stay home :iloveyou:0 -
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In other words people were withdrawing from other NS&I products or they were maturing and not re-investing..
We moved from PBs to ILSCs, and I've spoken to a few others who did the same.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Ark_Welder wrote: »Do you have a link to the source?
I was recalling reading the Daily Telegraph, 20 August 2011. Found it again and it says sales of ILSCs were £6.5bn in the first 2 month:
http://www.telegraph.co.uk/finance/personalfinance/savings/8711424/The-safe-investment-that-beats-all-comers.html0 -
Hooray! The Postman has just brought me an ILSC I purchased online on Friday.
I am however saddened to see them withrawn so soon ... I wanted another and hadn't got round to purchasing before the cut-off0
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