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Some Notes on Fixed-Interest Investment
Published online by Cambridge University Press: 11 August 2014
Extract
Since the 1939–45 war, successive Governments have attempted by various political and ideological processes to provide this country with built-in prosperity combined with almost complete security. The measure of their success has been the reduction in the risks that attend economic enterprises of every type and the concomitant increase in the security of the incomes arising from them. No doubt from the standpoint of the owners of these incomes this has been exceedingly beneficial, but the reverse of the coin shows a progressively increasing distaste for incomes which are limited or reduced by further provisions of security and priority.
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- Copyright © Institute of Actuaries Students' Society 1960