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 2021
Guy Opperman on “pension wealth funds”, horses and talking responsibly
Do good jockeys make good pension ministers? The Talking Responsibly Podcast opened with Guy Opperman explaining what attracted him to racing horses. “You’re dependent on the horse, so long as your horse is good enough, you can compete with the … Continue reading
Steve Webb’s real world where pensions are pensions.
Sometimes pension specialists need reminding of what matters to non specialists-what we call (with some embarrassment) “real people”. That’s what Steve Webb did on Thursday, speaking to around 250 PMI members assembled virtually and in person in the City. This … Continue reading
Groupthink and cognitive bias in Covid decision making – Gordon Woo.
Cognitive bias in crisis decision-making Gordon Woo Gordon Woo outlines what the House of Commons report on coronavirus lessons learned to date tells us about groupthink and cognitive bias in making crisis decisions. Summary A full U.K. public inquiry into … Continue reading
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So how does my pension scheme join a Superfund?
There’s a lot of relief that Clara was given permission this week to take on new business and begin the process of relieving employers of the burden of their DB schemes. Hopefully we … Continue reading
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Explore the options for your DB scheme on December 13th.
Endgame, Middlegame or Long Game? I’m interested in the way defined benefit schemes are moving towards self-sufficiency, partly because we need to secure defined benefits for people who have earned a pension from their company and partly because we need … Continue reading
We need to find new ways to take pension insurance risk – and reward it.
The Phoenix Group has under its control, some £300bn of policyholder’s money spread over 13m policies. Andy Briggs, who is the Group CEO is asking the Treasury , through its regulators, the PRA and FCA to relax rules on regulatory … Continue reading
A nudge to nowhere
I feel like Peeping Tom watching Lady Godiva parade naked through the streets of Coventry. Everyone else is looking the other way , but I’m going to call out Pension Wise and ask just what the stronger nudge to … Continue reading
Con Keating & Iain Clacher’s alternative to the DB Funding Code
The Pensions Regulator is fixated upon scheme funding. Its proposed DB funding code has, as its principal objective, funding to a level which reduces a scheme’s dependence on the employer sponsor to irrelevance. Part of its motivation appears to … Continue reading
Clara – a most likeable Superfund
There is something immensely likeable about Clara. It is now listed on the Pension Regulator’s website as Britain’s first Superfund. The news was greeted with relief by those involved with defined benefit pensions and with obvious pleasure from Clara’s principles … Continue reading
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Tagged adam saron, Clara pensions, lawrence churchill, richard williams, TPR
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It’s how you manage charges – not where you cap them..
We are to go through another consultation on how charges in workplace pension defaults should or shouldn’t be capped. The consultation will end in January, a window short enough to make the proposals we had yesterday a “fait accompli”. The … Continue reading
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Scottish teachers' pay increases, such as the recent multi-year agreement negotiated via the Scottish Negotiating Committee for Teachers (SNCT) covering…