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: June 2022
Was the FCA complicit with DB transfer mis-selling?
Pension freedoms come in different guises. “Pension liberation” was a practice of pension busting that led to unauthorised payments being made to hapless victims of pension scams such as Fast Pensions, such practice is illegal and leads to heavy fines … Continue reading
Was Andrew Bailey just the wrong man for the FCA job?
Nearly five years after the event, the former CEO of the FCA Andrew Bailey was called to the Public Accounts Committee to answer questions on the FCA’s unpreparedness for what is now known as the British Steel mis-selling scandal. You … Continue reading
The kind of private equity I want a part of
I find this testimony from Illinois workers utterly compelling. If this is an example of how private equity can work in the UK then I am prepared to suspend disbelief and support the expansion of our pension schemes into private … Continue reading
Posted in pensions
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Minister Opperman thinks the unthinkable!
As inflammatory headlines goes, this takes some beating. If the UK pensions minister has lost confidence in the sustainability of providing pensions to 6.6m public sector employees (including himself) then we may have more change on the horizon than ever … Continue reading
Posted in pensions
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How do master trusts add value for members at retirement?
I shouldn’t be surprised to report on a consultancy looking at how member outcomes could be improved by picking the right workplace pension. But I am. This morning at 11 am, Hymans Robertson are kicking off another round of webinars … Continue reading
Honey I shrunk the deficit
I grew up in a rural area where the farmers ruled the roost. “You’ll never hear a farmer tell you he’s doing well” my mother was wont to tell me. It was true; when times were bad, they … Continue reading
Posted in pensions
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“Benefits to bricks” – the latest rabbit from the hat!
“It is time to turn benefits into bricks – to help many more people open the door to home ownership” – Work and Pensions Secretary @theresecoffey It will soon become easier for benefit claimants to own their own home, thanks … Continue reading
Uber called to parliament about its workplace pension.
NEW: A senior Uber executive is to be quizzed by MPs in the UK who are probing the UK’s #pension savings’ crisis. Jamie Heywood, Regional General Manager for Northern Europe at Uber, will appear before a parliamentary committee next Wednesday … Continue reading
A pensions minister with surprising longevity
Today, Friday 10th June, marks Guy Opperman as joint longest tenant of the post of Pensions Minister. Tomorrow he will succeed Steve Webb as the longest serving pensions minister. When Guy Opperman became Minister for Pensions and Financial inclusion … Continue reading
Does the “CDC” scheme have a future beyond Royal Mail?
Time will tell whether there weill be further applications to provide staff with CDC benefits, but for now we know that Royal Mail are pressing ahead – which is a huge achievment on its part. The Pensions Regulator confirmed yesterday … Continue reading
Scottish teachers' pay increases, such as the recent multi-year agreement negotiated via the Scottish Negotiating Committee for Teachers (SNCT) covering…