Optimism

The BBC Pension Fund is hoping to do rather better with its money than my ISAs.  Outgoing Chairman of the Trustees, Jeremy Peat, tells the staff paper Ariel, that, to close the deficit, investments need to show a return of 6.2% p.a. over the next eleven years.   That's despite the BBC pumping £900m of licence-fee cash into the scheme over the same period.