Monthly Archives: April 2021

The pardoner’s tale

My fellow Bryanston alumni, Andrew Warwick-Thompson has been flagging the boob made by Mark Carney over “avoided emissions”.  This shows the perils of not knowing your offsets from your elbow and proves what a perilous business it is saying anything … Continue reading

Posted in pensions | Tagged , , , , , | Leave a comment

MaPS – this is not the way to buy investment pathways!

I wonder how many of the 60,000 people who each month decide they want to “get at” their pension money, are finding their way to MaPS website set up for people to understand and compare their investment pathway options (for … Continue reading

Posted in pensions | Tagged , , , , , | 1 Comment

TPR demands trustee action on climate change risks.

A new climate change strategy was published on Wednesday by The Pensions Regulator. TPR is calling on scheme trustees to act now to protect savers from climate risk. It has come in for criticism in the FT’s Pension Expert. I don’t … Continue reading

Posted in pensions | Tagged , , , | 2 Comments

Can the “cost of lifestyle” be measured or managed?

I’m pleased that Julius Pursail has commented on my post on lifestyling. He’s someone who cares a lot about member outcomes. He’s made it clear in Professional Pensions that he wants the trust he advises – Cushon – to do … Continue reading

Posted in pensions | Tagged , , | Leave a comment

Will technology save lifestyle?

No sooner have I published a blog announcing that AgeWage is embarking on research on how lifestyle has actually done, than I read a post in Professional Pensions from Julius Pursaill explaining how a master trust he advises is going … Continue reading

Posted in pensions | Tagged , , , , , , , , , , , | 1 Comment

Has lifestyling worked? Who knows?

Who knows! Lifestyling – (sometimes called “life-cycling”) in DC pensions means adjusting the asset allocation of a pension pot to meet changing circumstances as people prepare to crystallise their pension pot(s). A crystallisation is a transaction which sees an encashment … Continue reading

Posted in pensions | Tagged , , , , , , , , , , , | 8 Comments

“The new bargain” – in conversation with Ros Altmann

This blog is in response to Ros Altmann’s comments on Mark Fawcett’s “new bargain”. It is good that this discussion is happening, though my thoughts are amateur and are driven by opinion rather than a deep understanding of private markets. … Continue reading

Posted in pensions | Tagged , , , , , , | Leave a comment

Altmann and Fawcett on DC’s new bargain

  Over the Easter weekend , I continued to question the legitimacy of illiquids in the default funds that dominate retirement saving in the UK. To date these funds have invested in liquid funds which have sought returns by passively … Continue reading

Posted in pensions | Tagged , , , , | 2 Comments

Illiquids in DC – now we are getting somewhere.

“We think this is a new bargain that can deliver better results for both pension savers and private equity managers,” @nestpensions – please make this happen! — Henry Tapper (@henryhtapper) April 5, 2021 Now we are getting somewhere. I’ve had … Continue reading

Posted in pensions | Tagged , , | 4 Comments

Pension trade bodies vie for “tallest dwarf”.

On December 17th, the DWP reported on the findings of its small pots working group, the report was accompanied by press releases from the various participants in a competition to find the tallest dwarf. I am sorry to write ill … Continue reading

Posted in pensions | Tagged , , , , , , , , | Leave a comment