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: October 2017
Pensions entering no-man’s land
We are in an unprecedented situation. We now have around 1,000,000 employers participating in workplace pensions operated either under trust or contract by a small group of providers (with a long tail). I think it highly unlikely that more than … Continue reading
Posted in pensions
2 Comments
Con Keating on regulation and DB Governance
Con is a regular on this blog, here he discusses the Pension Regulator’s role in DB Governance. Our deconstruction of the narrative promoted by the Pension Regulator occupies around one third of our response to the Department of Work and Pensions … Continue reading
Posted in pensions, Pensions Regulator
Tagged Con Keating, DB, defined benefits, governance, pensions, The Pensions Regulator
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Unlocking DC pricing; the key to getting value for money.
The FCA are commission a template to discover undeclared investment costs in the funds we use. They have finally published PS17/30 which gives IGCs the right to use it in earnest. The DWP are working in tandem on … Continue reading
Posted in advice gap, pensions
Tagged IMA, NDA, Non disclosure, pensions, pricing, professional pensions, unbundling
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@CIPP_UK – “grafters not shafters!” – thx.
I woke up this morning to lots of messages telling me I’d won an award! Not just any award but a lifetime achievement award from an organisation I have a lot of respect for – the CIPP, who had their … Continue reading
Posted in Payroll, pension playpen, pensions
Tagged CIPP, Grafters, McDonald, Payroll, pensions, Shafters
6 Comments
Pure DC at your university? Mike Otsuka speaks out
Mike is now a regular writer on this blog; he’s an LSE philosopher, a member of the USS pension scheme and an expert in pensions (not a “pensions expert”). Southampton has come out in favour of closing USS’s defined benefit … Continue reading
A geriatric convention led by a consumptive.
The one thing you do not want to solicit when delivering a prime ministerial address to your party, is pity. But that was the overwhelming response to Theresa May’s speech yesterday (at least from delegates). Elsewhere the verdict was harsher, … Continue reading
Posted in pensions
2 Comments
“The monstrous regiment of women” – take control!
John Knox and Jolyon Maugham clearly share similar views on women. Just attended v. high-class round table – senior Tory MPs, Ministers – “marred” by all the noise @WASPI_Campaign is making outside. #CPC17 — Jo Maugham QC (@JolyonMaugham) October … Continue reading
What I’ll ask the Pensions Minister today (if I can find him).
Calling Guy Opperman MP, Minister for pensions and inclusion, “are you out there?” I’m on my way up to Manchester clutching an email from your office saying you want to meet me, I will be at (y)our conference for the … Continue reading
Posted in #WASPI, pensions
Tagged Deficits, DWP, Investment, John Greewood, pensions, ppf, Transparency, WASPI
6 Comments
Aren’t Employer and Union’s interests aligned at USS?
Adrian Boulding has left a comment on yesterday’s blog that is rather better than the blog itself. As I am on the last day of my holiday in Paris, I will blog the comment and add a few thoughts … Continue reading
Posted in advice gap, DWP, pensions
Tagged Adrian Boulding, Bill Galvin, ft, pensions, UCU, Universities UK, USS
4 Comments
Not the time to butcher teacher’s pension benefits.
My little break in France was rather spoiled when I read Jo Cumbo’s articles on the potential “remedies” Universities UK are considering to correct their supposed pension funding deficit. For those who can’t follow this link, these include Lowering the salary … Continue reading
Scottish teachers' pay increases, such as the recent multi-year agreement negotiated via the Scottish Negotiating Committee for Teachers (SNCT) covering…