Have they asked anyone Welsh/Scottish or Irish about this or is it going to be wholly from an English perspective?

There was a post earlier, I can't remember who, about how the Protestant Reformation was basically sparked by a conflict between German autism (Martin Luther) and Italian corruption (papacy).

I've got 95 theses (and the Pope is one).

Also England is just one part of the UK and is not a synonym of the UK.

Lucky them, I had to walk to cougars when I was their age.

Podcaster as well John, clearly a man of at least two talents 😁.

Iddlearch

In the future everyone will manage Chelsea but only for 15 minutes #Chelsea

NEW: Astronaut Reid Wiseman shares a video of ‘Earthset’ that was taken with his iPhone

“This is uncropped, uncut with 8x zoom which is quite comparable to the view of the human eye…” Wiseman said.

This has to be the greatest iPhone video of all time.

Look, what we need for Labour leader is a seasoned political operative, with name recognition, with a hunger for the top job, who the entire party have an opinion on.

What I’m saying is perhaps we should replace Starmer with Peter Mandelson, once Starmer has stripped him of the peerage.

Deep cut reference there.

After definitely not being in the draw where I keep my passport. Having ahem searched that draw thoroughly* twice. Pleased to report that said passport has re-materialised into my passport draw upon a further final search prior to being cancelled.

*May not have been as thorough as first thought.

Indian Chai is an utter delight, spicy, sweet, and full of flavour. Small servings on huge mugs. Every Chai latte in the UK is a profound disappointment.

AOC as his running mate? 😁

I booked a train to Vancouver Oregon rather than Vancouver British Colombia from Seattle and got stuck in Seattle for 8 extra hours.

No, as someone who lives in the UK our view of America is changed along with Europe. Hundreds of thousands have died of people have and will die due to USAID cuts and that's before the impact on world hunger due to lack of fertiliser. Much has been broken that cannot be fixed.

Hate to break it to you but Trump has broken way more than that. He's hugely damaged America's global standing, trashed relations with its closest allies and made the US look weak and ineffective.

So final bit of advice then 8% per year isn't enough even if you start at 21. If you can manage 10-12% it'll make a huge difference.

No worries, I work in pensions so you don't have to 😁.

Varies a lot more but somewhere around 20-50 percent by scheme. Some schemes target drawdown so are higher end of that some target real return (beat inflation) with lower risk and lower end of that. Understandably people get mighty scared/annoyed if their fund value falls sharply at retirement.

There's also work being done regarding post retirement income funds that will aim to help you manage drawdown (income) to 75 coming over the next year or so.

The schemes I've worked in either state pension age or a selected retirement date of the member's choosing. If you keep it towards 75 unless you tell the scheme you'll have the asset allocation at the end of the derisking.

True but if you're contributing monthly there's a thing called pound coat averaging that acts as a damper to falls in value, if you're not contributing it can take longer to recover so depending on your membership nake up you might choose a bit less risk for the scheme.

That's how almost all DC schemes work, the derisking may vary a bit and share total as well but 80-100 in shares during growth 15-5 years in derisking are industry standards.

Whilst I'd generally agree with you there are some reasons to not go all in shares. Particularly if you've got lots of members who aren't making contributions (deferred) as they suffer disproportionately from market downturns.

CAPA ( corporate adviser pension average) collects asset allocation data for the biggest DC pension schemes and none have a below 80% exposure to shares for younger members.

That's rubbish, also kinda interested as to how the Trustees would have justified that. You weren't supposed to know that (admittedly I would like schools to teach financial literacy) but your scheme should have had an appropriate default.

The bit that I don't get on this is that by and large there isn't a pool of companies who do pensions for charities and ones that do private sector companies, they're the same ones and all DC workplace schemes have to offer a default arrangement.

Risk is not an easy concept to explain, we put a lot of effort in but could we do better probably. Are there challenges around members not engaging yes.

So what is your suggested proportion in share for young members?