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: May 2018
Johnson misses the point; CDC is for the common man
I don’t know whether Michael Johnson is being obtuse or obstructive, but either way, his letter to the Financial Times, misses the point. A small cabal of consultants to the pensions industry has been banging the collective defined … Continue reading
Immigrants are not a nuisance or a threat, they are people- the same as us.
I was coming to the Eurotunnel yesterday afternoon, on one of four coaches full of travellers on the Venice Simplon Orient Express. We were delayed when a large coach party ahead of us , had every bag searched by the Border … Continue reading
Understanding world class service.
Many bosses like to promote they offer world class service : but what are they benchmarking? We went to our compartment just after midnight, the party was still in full swing. At 6.30 I was back in the bar drinking … Continue reading
Why the USS got itself into trouble ( Mike Otsuka).
Mike Otsuka’s extraordinary diligence in understanding the pension scheme he is a member of, is an example to us all. In this article he delves into the archives and uncovers some disturbing statements. They shed light on the current “unaffordability” of … Continue reading
How we get our pension pots invested responsibly.
Victoria Derbyshire’s father taught her when she made contributed to a pension, she wasn’t saving but “spending on her retirement”. The distinction is helpful in differentiating a risk-driven action- “saving” from one that promises deferred gratification- “spending”. For most people … Continue reading
Why we should not begrudge IFAs high wages.
News that financial advisers are earning on average £90,000 per annum, should not come as a surprise. The impact of the Retail Distribution Review is now fully realised. Financial Advisers are better trained, better regulated and of a higher … Continue reading
Posted in pensions
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For you, my friend, drawdown is over- the chimera of freedom
This article is about collective pensions, it’s not technical, anyone can read it and – I hope- enjoy it. I wrote it after discussing pensions with my landlady at my Munich hotel. My friend Abraham has it in a nutshell. … Continue reading
True Potential’s “lost” 2017 IGC report
The True Potential 2018 IGC report is late; just as the True Potential (TP) 2017 IC report was late. The 2017 report never got reviewed by me, I had assumed that TP had packed it in. Bob Ward’s sent me … Continue reading
Did the 2018 IGC reports meet today’s challenges? Only in part.
The table above reports on the various ratings given to IGC reports in 2018, it includes the GAA report of St James Place that is good enough to be an IGC report. I said, when I set out … Continue reading
Posted in IGC, pensions
Tagged CDC, DB transfers, decumulaiton, GAA, IGC, master trust, pensions, Responisble investment
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Should fund managers spend more time on the beach?
I’ve known Nicola Ralston a few years, she’s not someone I’d go into battle with. She’s written a good letter in the FT, which – if you don’t pay to read – you wouldn’t otherwise have seen. It’s here on … Continue reading
Scottish teachers' pay increases, such as the recent multi-year agreement negotiated via the Scottish Negotiating Committee for Teachers (SNCT) covering…