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Digital Subscriptions > Prospect Magazine > April 2019 > Economics and investment

Economics and investment

The analyst: Duncan Weldon Associate Economics Editor, Prospect

Pensions—prepare rather than predict

Almost by definition, when you’re thinking about pension saving you should be thinking long term. But how long, exactly? As Keynes quipped, in the long run we’re all dead, so there is a balance to be struck. While constantly checking the FTSE 100’s closing price and always trying to catch the “next big thing” is not a sensible route to a comfortable retirement, an “invest and forget about it for decades” approach is almost as cavalier. Keep an eye on the distant horizons of the global economy for sure, but do keep checking that things are evolving as you expect.

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About Prospect Magazine

In Prospect’s April issue: Mark Damazer, the former controller of BBC Radio 4, tells the inside story of how the BBC has tried—and sometimes failed—to cover the political crisis that overshadows everything else. Elsewhere in the issue: Playwright and screenwriter James Graham profiles John Bercow, the Speaker of the House of Commons, as he takes centre-stage in the unfolding Brexit drama and Tom Clark examines the Independent Group and argues that they could well shake up the established political tribes. Also, Jennifer Williams highlights the growing gap between the haves and have-nots in Manchester—a city that is simultaneously experiencing a housing boom and a homelessness crisis.