This is Gold! Thanks for opening the eyes of people not involved in the financial area!

Bog standard from Terry Smith. That's to say superb.

If only #USS were able to understand this: ‘It’s a council of despair, to be told that what you should is to invest in bonds because the rate of return on the bonds will roughly match the rate of growth in your liabilities (the pensions you have to pay), because the pensions will grow roughtly with inflation, and the bonds yield will somewhat close to inflation. Therefore, the two will evolve together, so your assets and liabilities will rise together [+]. Well, if you got a deficit, which as you can see ¾ of the pension funds have-all that it ensures is that you locked in the deficit permanently. It’s a council of despair. You should seek out investments, and you can fid them, if you are disciplined enough, that return more than the compounding of your liabilities.’