London is home to numerous museums, galleries, libraries, sporting events and other cultural institutions, including the British Museum, National Gallery, Tate Modern, British Library and 40 West End theatres. The London Underground is the oldest underground railway network in the world.
The expected return is used to figure the taxable portion of pension that is taxed under the general rule. For a lifetime pension, it is computed by multiplying the annual pension by the applicable expected life multiple from government actuarial tables.
Diversified portfolios will produce average annual returns of between 4% and 6% over the next 10 years, says TD. The days of double digit portfolio returns are long gone. A new report from TD Economics projects that diversified portfolios will produce average annual returns of between 4% and 6% over the next 10 years. The report forecasts that cash will likely provide an average annual return of 2.0%, with bonds returning 3.0%, and equities generating 7.0%.