When only 8 to 15 mega-trusts dominate the entire defined contribution (DC) and LGPS landscape, peer-group risk may override manager…
This is clearly a serious story about institutional accountability, bankruptcy and the treatment of former employees. But, although the immediate…
Here's another way for a pension fund to get in the soup. https://bayourenaissanceman.blogspot.com/2026/09/the-catholic-clergy-sex-abuse-scandal.html
I had earlier today read a medical research article reporting on a Japanese study that found that “supercentenarians” — those…
Monthly Archives: September 2017
New torment for investment consultants – Mike Foster.
Mike is a senior consultant at Montfort Communications. Until recently he was assistant editor at Financial News and that journalistic pedigree shines through in this remarkable piece of writing. Though the mills of God grind slowly, yet they grind … Continue reading
Posted in actuaries, advice gap, investment, pension playpen, pensions
Tagged Aon, De Montfort, FCA, investment consultant, Mercers, pensions, Willis Towers Watson
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We need more than “A pin-stickers guide to workplace pensions”.
Steve Bee once told me that all workplace pensions are the same. In the context of the conversation (getting small employers to chose the right one), I knew what he meant, it is as hard for small employers to pick … Continue reading
Posted in pensions
Tagged Grand National, Horses, The Pensions Regulator, Workie, workplace Pensions
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So who IS accountable for your pension returns?
The little I can remember of my O level maths was the dictum “show your working”. It is a primitive call for what we call an “audit trail”, allowing the marker to find out how wrong you were or … Continue reading
Resistance is futile! The FCA give the bully boys their marching orders
For you Tommy zee war is over! So the investment consultants are to be marched off to Stalug Luft CMA, for prolonged interrogation and indefinite detainment. Happily I have no pretentions to be an investment consultant and so can … Continue reading
WASPI’s drowning out another minority – those who stayed “in”.
There is a second WASPI petition. There’s a new #WASPI petition – please sign it! Currently at 11k signatures… How soon 100k? https://t.co/ijhUQohWtk — Sarah Pennells(@Savvy_Woman) September 13, 2017 The WASPI women are well organised and have a widening support … Continue reading
Good from NOW – poor from HMRC
That we should still be talking about the “net-pay anomaly” shows how little the debate has move on in a year. For most people losing out on their promised incentives for saving into a workplace pension , “anomaly” is … Continue reading
Posted in auto-enrolment, pensions
Tagged AE, auto enrolment, Auto-enrolment review, HMRC, NOW, Pension Policy, pensions
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Workplace Pension winners and losers- Punter Southall Aspire do the numbers (Now with added NEST!)
Employers selecting DC default investment funds for their workforce pensions assume they’re making a wise investment choice. However, a new report, ‘Who’s performing well?’ from Punter Southall Aspire, which examined nine major DC pension providers’ default pension funds in their … Continue reading
Posted in actuaries, investment, pensions
Tagged first actuarial, pensions, Performance, Punter Southall Aspire, workplace Pensions
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(s)Carey pensions!
Thanks to Angie Brooks for bring to our attention a very disturbing matter relating to Carey Pensions. “Careys” will be known to those working in the early days of auto-enrolment for providing auto-enrolment shells into which various entrepreneurial fund managers … Continue reading
Posted in dc pensions, drawdown, Henry Tapper blog, London, pensions
Tagged Carey, Carey Group, Carey Olsen, Carey Pensions, SIPPS, The Financial Ombudsman, The Pensions Regulator
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Sexy cash in a vibrant market? You ain’t seen nothing yet!
I’m not quite sure why Money Marketing is reporting man of the people Steve Webb as re-phrasing Bachman-Turner Overdrive’s famous phrase, this way Steve Webb: DB transfer demand? You’ve not seen anything yet Steve is not a linguistic pedant and … Continue reading
Are bonds “suitable” assets to meet the promises of a pension plan?
Pension funds are struggling to find suitable assets in which to invest, says Pat Race of KPMG in an article in FTfm. The headline of the article is that “North American Pension Funds grow assets faster than their … Continue reading
Posted in advice gap, pensions, Popcorn Pensions
Tagged Accrual, Bonds, equities, IRR, John Ralfe, LDI, pensions
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Scottish teachers' pay increases, such as the recent multi-year agreement negotiated via the Scottish Negotiating Committee for Teachers (SNCT) covering…