Guardian: “The average pension pot at retirement in the UK is only £30,000, and if the whole lot was invested in the FTSE 100, it would have fallen in value to around £25,000 over the past month. On 7 July the index peaked at around 6050 but this week dipped below 5000 before clambering back a little.” The London stock market has traded on a p/e ratio of around 25 times over the past 20 years. It is on just 10.6 times now.
Future Today
