We have updated the statistics used and extended the material on LDI and the inefficiency of ILGs in matching income. Our previous conclusions still stand.

Jon & Con 23 Mar 2025

Apart from updating the statistics used, and inferences drawn, until the end of 2023, we have included a short piece on LDI (originally published here) plus a worked example showing how inefficient ILGs have been at matching income. Indeed, matching income benefits would have been virtually impossible.

Jon & Con   25 Jun 2024

Apart from updating the statistics used until the end of 2022, together with any conclusions drawn, we have also updated how the proposed reforms to RPI may affect investors. Further, we have added a brief note about the ILG market and shown historic ILG yields. In the year to December 2022, RPI increased by 13.4%, the highest since the year to March 1991 (but we do recall the high 20s during the 1970s). In the year to December 2022, CPI (CPIH) increased by 10.6% (9.2%), last seen in the year to March 1992. Although it is now officially predicted that the inflation rate will be cut in half by the end of 2023, it is vital to recognise that prices won’t actually fall (they may for food towards the end of the year and petrol has gone down).
Jon & Con  (11 Jun 2023)

Apart  from updating the statistics used until the end of 2021, together with  any conclusions drawn, we have also updated how the proposed reforms to RPI may affect investors. In the year to March 2022, RPI increased by 9.0%, the highest since the  year to March 1991 (but we do recall the high 20s during the 1970s). In  the year to March 2022, CPI (CPIH) increased by 7.0% (6.2%), last seen  in the year to March 1992 (CPIH increases have been substantially  higher, peaking at 9.2% for 4 months at the end of 1990). On 05 May, the Bank of England predicted that (unstated) inflation would peak at just  over 10% by the end of 2022.

Jon & Con  (06 May 2022)

Although we intended to update this website this year, we regret that the  pandemic has severely impacted upon our plans. However, during earlyish  2022, we confidently expect to have updated the website until the end of 2021.

Jon & Con  (23 Sep 2021)

This site was originally launched in June 2008, nearly 12 years ago.  Although updated from time to time, we've both been busy with other  stuff but we've now caught up until the end of 2019.

Con & Jon  (05 May 2020)