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: December 2020
“Asleep at the wheel” – no one listened to Gina and Alan Miller then, perhaps they will now!
First published in February this year, this blog is re-published now to remind us of the percipience of the Millers. Campaigner Gina Miller is asking for an Independent Review of the Appointment of the Next Governor of the Bank of … Continue reading
OECD-C? A guide to reading the OECD’s Pension Outlook 2020.
People saving for retirement face longevity risk in addition to investment risk. Sharing these risks among stakeholders improves the sustainability and resilience of retirement savings arrangements. For risk sharing to be sustainable, it is important to have a regulatory framework … Continue reading
Consumers mustn’t pay to clean up the FCA’s mess.
This is a post from Gina Miller on Linked in. It poses a question about accountability The Gloster Report into #LCF is a damning indictment of failures at the FCA – Whilst my blood boils on behalf of millions of victims … Continue reading
We can’t cancel Christmas when it’s in our hearts!
Saturday 19th December – the low point of the pandemic so far. Trouble had been brewing all week. You sensed that politicians (especially Boris Johnson) were in denial, but the case numbers spoke a different truth, something ugly was happening … Continue reading
Posted in coronavirus, Covid
Tagged Business, Business and Economy, Christmas, Covid-19, COVID-19 Actuaries, Government, hearts, Pandemic
Leave a comment
The small pots working group find a progressive way to grasp the nettle
Almost as important as its findings, the constitution and delivery of the small schemes working group is an exciting foretaste of a new way of working for the DWP and its pension policy unit. The 86 page report that … Continue reading
Posted in pensions
Tagged Adrian Boulding, CIPP, Darren Smart, DWP, Payroll, small pots, stinging nettle
Leave a comment
So who is accountable for the FCA’s failures over LCF?
Reading the Treasury commissioned report on London Capital and Finance by Dame Elizabeth Gloster was harrowing. Reading the FCA’s response was worse – two days after attending a superb event that asked if our primary regulator is doing its job, … Continue reading
How Scottish Widows is moving the dial on climate change
More details are emerging on how Scottish Widows are helping to de-risk client portfolios of ESG risks. The implication is that State Street needed client pressure to make the move and this was given credence by David Lee, a former … Continue reading
Michael Johnson challenges the Nest Sidecar (Jars) project
The Nest Sidecar project (now renamed “Jars”) has been sponsored by a number of leading financial services companies and some major employers (including Timpsons and BT). This blog is an open letter to the Nest management from Michael Johnson, in … Continue reading
Posted in advice gap, age wage, NEST
Tagged Helen Dean, Jars, Michael Johnson, NEST, pension, Pensions, Sidecar
2 Comments
What is private sector pension indemnity insurance (and who’s asking)?
Occasionally I find myself as an intermediary for clever people who’d prefer to discuss matters in a public way while remaining anonymous. These people often send me direct messages on twitter whats app and Facebook Messenger and the discussion continues … Continue reading
Posted in pensions
Tagged Con Keating, DB pensions, indemnity insurance, inedemnity, Insurance, Pensions, Private sector, Socrates
2 Comments
Dolphin Trust and LCF – it’s Germany v England but will it go to penalties?
Speaking at last night’s Transparency Symposium, Prem Sikka, spoke with authority about the advantages of the German regulatory system where pressure is applied from stakeholder groups to get action in a timely way. As we in Britain await the report on … Continue reading
Posted in pensions
Tagged Dolphin Trust, FCA, pension, Pension new, prem sikka, Retirement, TTF, You and Yours
Leave a comment
Scottish teachers' pay increases, such as the recent multi-year agreement negotiated via the Scottish Negotiating Committee for Teachers (SNCT) covering…