I will use a very old fashioned word and say I feel like a real “heel”, this morning. My mother says it a lot so I’m not inclined to google its origination.
Best left that I feel like a heel because I spoke about Adam Saron, Clara and superfunds in general without properly noting the work he , Clara and superfunds have and are doing to improve the prospects for many in DB schemes and in workplace DC schemes going forwards.
Adam, you are a true gent – and Clara – a great pension and a fine woman!
As Tom Mcphail says, the sooner private employers get DB liabilities off their books , the sooner they can get on with providing better workplace pensions ; in this case better=better funded!
Though there is a debate to be had about who gets any surplus (I suspect the shareholders of the superfunds will get most), I support Clara and I hope that Edi Truell’s “Superfund” will follow it shortly as an option for employers choosing not to invest into an insurance contract to buy their pension out – but use a superfund instead.