Laughton wrote:Sorry, not very clear on second reading.
I meant that when broker decides to let me have my money, the question is where to deploy it?
A few options in the PIBS space yielding over 8% so a big uplift (and so income increase) on the 6.7% yield the FAP tender offer was priced at. All depends on what is available in decent volume at a keen price when I deal. I invest and trade fixed income to increase income (alternative to an annuity) rather than fixate on absolute market value.