Monthly Archives: June 2019

TPR’s impatience with USS’ fibs

Posted on June 15, 2019 by

Phoney deficits The Pensions Regulator’s patience with USS and its Trustees is running short. The FT has got hold of an email from TPR which rebukes USS for overstating its deficit and misrepresenting the views of TPR on discount rates. … Continue reading →

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Don’t blame the young for the way they save – don’t blame the old for the way they spend!

Posted on June 14, 2019 by

The World Economic Forum has issued a report into retirement savings that concludes that most of us will be bound to the outcomes of defined contribution savings plans rather than the beneficiaries of defined benefit pension plans Don’t blame the … Continue reading →

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How to avoid the green-washers

Posted on June 13, 2019 by

Why do we not have a single way of measuring how responsibly our pension funds are managed? I asked myself this question yesterday as I listened to fund managers outboasting each other about their green credentials. It seems that these … Continue reading →

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What is going on at MAPS?

Posted on June 12, 2019 by

I want MAPS to succeed. It needs an experienced person as its CEO who understands pensions. Here’s MAPS’ news as  Pension Age presents it. The Money and Pensions Service (Maps) chief executive officer, John Govett, has resigned eight months into … Continue reading →

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Why I’m on FIRE! (saved enough to stop work)

Posted on June 11, 2019 by

      I’m 57 and I can choose to go to work or not – I’ve got enough and I keep on working because I love it, not because I have to. I got here through luck (being in … Continue reading →

Posted in accountants, advice gap, age wage, pensions | Tagged , , , , , | 1 Comment

Time for us to get a grip on later life!

Posted on June 10, 2019 by

The FCA’s financial lives survey is now over two years old and due an update. This great piece of work was marshalled by Jo Hill who is now a Trustee at the Pensions Regulator. It is worth me reminding myself … Continue reading →

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Michelle Cracknell CBE

Posted on June 9, 2019 by

    Michelle Cracknell has been awarded a CBE It was announced on a Saturday as part of the Queen’s birthday honours. She is trying to make out it was for TPAS, but the award was given and earned by … Continue reading →

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Woodford – why we’re blaming everyone but ourselves.

Posted on June 9, 2019 by

Saturday saw me sitting on my boat waiting for my guests to turn up. Clearly they thought it too wet and windy for them , so their Pimms was left un drunk and they missed a fine afternoon! I had … Continue reading →

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Is Woodford the final straw for active investors?

Posted on June 8, 2019 by

There will be a lot of private investors inside the gated community of the Woodford Equity Fund (WEI) who will be asking, just what is there to smile about? This time last week, Hargreaves Lansdown had this fund in their … Continue reading →

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What does SJP “sacking” Woodford mean?

Posted on June 7, 2019 by

“HL removed Woodford from its Wealth 50 but did not force sell the funds as SJP has.” But this shows a fundamental misunderstanding of how SJP (costly restricted funds) and HL (costly self-select platform) work! https://t.co/6eQoSKNK0T — Alistair Cunningham (@Cunningham_UK) … Continue reading →

Posted in FCA, governance, pensions | Tagged , , , , , , , | 10 Comments