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Those of us with young girls in our family or those, like teachers, who work with young people will know that these ages are totally nappropriate inappropriate. Most countries have settled on 18 years old for marriage, there is no age of consent in places like Iran as sex outside marriage is illegal, you can marry at 13 there, younger if your father gives consent.
Australian funds are defined contribution, the LGPS is defined benefit. In DC schemes poor investment performance results in lower pensions, in DB schemes poor investment performance results in the need for additional funding to meet defined liabilities. Much bigger risk playing with DB schemes. There is money to be made in the City on the back of these changes, we will see optimism bias at the start of all this and buyers remorse when you get a downturn in the investment cycle. Many stock markets including the USA are over priced, the likes of Buffet are selling at the present.
The pension proposals have ' risk ' written all over them. A couple of poor big investment decisions will cost the tax payer billions and billions. Diversification is key in pension fund management rather than consolidation. I predict investment mistakes or a market downturn will mean scaling back of pension benefits and increases in contribution rates.
It's amazing that DEFRA got consulted the day before the budget, first rule of change is to involve those impacted by the change in the design of the solution.
I think I saw a reference in the Spectator, but. I found this guy when I Googled again just now, he is a practicing barrister so should not be too wacky.
Just heard Hywel Griffith on the radio, said month after month the NHS performance data gets worse in Wales. The Senedd focus is on A and E, Ambulance response times and waiting lists all of which aren't improving but more specialised services are suffering badly.
On the other matter, there's a row building about payment of Universal Credit to non-UK citizens who should not have recourse to public funds, someone seems to have leaked some data.
There can not be a conflict of interest for a man paid to advise the Government on the NHS when he is still employed as a consultant for private health care providers from which he has made an estimated £8M. Starmer said he clean up politics, I think he meant clean up from politics!
The human response to workplace targets is, in order:
Fiddle the data Fiddle the process or set about creating a genuine improvement
I'd prefer to see a focus on best practice by establishing service models based on the best performing departments. If people can't replicate ' best performance ' then start looking at performance issues