Tag Archives: Fiduciary Management

The pervasive progress of “fiduciary management” into DC schemes.

  Why Fiduciary Management is important to DC schemes This blog is part 2 of my thoughts on Barnett Waddingham’s excellent review of investment performance in fiduciary management in 2022. Though this paper does not talk of DC schemes, it … Continue reading

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2022 – did DB fiduciary management work?

I recommend Barnett Waddingham’s Fiduciary Management Investment Performance Review – 2022  which can be freely downloaded here Fiduciary Management (FM) is when trustees hand over the management of scheme assets and liabilities to a third party manager. It is a … Continue reading

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The Care-taker

The Caretaker or janitor was a familiar figure in apartment blocks until recently. Their demise has coincided with the advent of outsourced facilities management. Listening to the National Association of Fire Door manufacturers calling this morning for a single accountable … Continue reading

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When cheap is not cheerful – Boris Bikes and uncapped liabilities.

  Boris Bikes are wonderful. For £90 a year you can hurtle around the streets of London on the cycling equivalent of a Sherman Tank. All you have to remember is to dock your bike at the end of your … Continue reading

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Meaningless choice

“choices should only be offered where they are meaningful, timely and can be taken in the full understanding of both up and downside”.
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Posted in annuity, corporate governance, customer service, de-risking, Fiduciary Management, Liability Driven Investment, NEST, Retail Distribution Review, Retirement | Tagged , , , , , , , , , , , , , , , , , , , | 6 Comments

Le Pension Crisis est Arrivé

Image via Wikipedia PWC report today that the value of DC pension pots has fallen by 30% in the last three years. This Telegraph article gives the grim details. This is not a paper loss which can be reversed if markets recover, … Continue reading

Posted in annuity, corporate governance, customer service, dc pensions, de-risking, Fiduciary Management, NEST, OECD, pension playpen, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | 7 Comments

The Regulator, wisdom and the crowd

The Pension Regulator, it needs be said , did not have a good Professional Pension Show. Things started well enough with a keynote speech that laid out its 2012 agenda Get DB solvent Get DC sorted Get Auto-Enrolment in Simples… And that … Continue reading

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A pound spent on pension’s as good as salary – the new golden rule

I published a blog recently on the need for the DWP to take notice of the real concerns of the ASA. It got some  really interesting comments made on various sites mainly opposing the ACA’s pessimism. Interestingly the pessimism of the actuaries mirrors … Continue reading

Posted in annuity, corporate governance, dc pensions, Fiduciary Management, pension playpen, pensions, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , , , | 4 Comments

Just watched the Wigan West Ham game on radio

Watching a Premier League Game is a marketing not a football experience. Continue reading

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A massive failure of nerve – the sad state of our DC pensions

Last year 460,000 people bought annuities from their DC pensions, Two thirds of these people did not bother to get the best rate for their accumulated funds and as a result suffered on average a 10% lower pension than those who did. Continue reading

Posted in corporate governance, dc pensions, de-risking, EU Solvency II, Fiduciary Management, Liability Driven Investment, NEST, pensions, Personal Accounts, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | 10 Comments