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DIY investment

The challenge of rising inflation

By Andy Davis   May 2013

Over the past few weeks, two remarks by investment professionals I greatly respect have been rattling around my head. One commented that no one should be investing until they have built up a “sure thing,” by which he meant a decent sum in index-linked government bonds. The other, a veteran adviser to the UK’s largest pension funds, lamented the problems they now face and confessed: “I’d be happy just to get RPI [Retail Price Index, a measure of inflation].”

Their words come to mind now because what has been implicit for a while is becoming overt—inflation is back. Since Mark…

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