Daily Archives: October 23, 2009

Trustee to banker

Posted on October 23, 2009 by henry tapper

I suppose that I’d better be frank
I’m not at my best in a bank
I don’t understand oddities-
Swaps and commodaties
If that cheque is miine- leave it blank Continue reading →

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Peter Booker- Funeral- Monday 26th October- Maidstone

Posted on October 23, 2009 by henry tapper

Peter Booker was a very kind, generous and funny man who worked tirelessly to make occupational pensions better, serving on the NAPF Council and running a number of large pension plans. He had for some years been gravely ill and … Continue reading →

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I’d trust a “contract” but not a “Fiduciary”

Posted on October 23, 2009 by henry tapper

The terminology we use “fiduciary, instituional, custody” is not a language that prevails among lay trustees- it is the language of the legal and financial communities. “Fiduciary” in particular is a bad word, as an adjective it denotes “trust and confidence” but intimidates and alienates everyday people- too many vowells, too many syllables and not enough Anglo Saxon gutterality! It says “difficult, opaque and self-absorbed”.
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Posted in dc pensions, de-risking, Liability Driven Investment, Personal Accounts, redington, Retirement, social media | Tagged , , , , , , , , , , | 4 Comments