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: August 2022
The cost of living crisis – and the value of small pots
This IMF chart is (rightly) getting a lot of attention given the UK figures are truly awful. But why are they so bad? Because this is what happens when you add an energy price surge onto a country with our … Continue reading
Time to repurpose pensions through the cost-of-living crisis.
If you read one analysis of what the Bank of England was saying yesterday, I suggest it be this twitter thread. As well as raising interest rates the Bank have announced that it plans to start actively selling gilts … Continue reading
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TPR needs to look above and abroad to stop pension fraud
The Pensions Regulator is rolling out another iteration of Project Bloom, now known as the “Pension Scams Action Group” which is certainly a better name. We’re told that the new scam-fighting plan from The Pensions Regulator (TPR) aims to protect … Continue reading
It is time to take annuities seriously again – Billy Burrows
Annuities have always been a serious business* but since the introduction of pension freedoms in 2015 most retirees (and advisers) have not taken annuities seriously and many invested in pension drawdown rather than purchase an annuity. Annuities have been … Continue reading
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Tagged annuities, annuity, Billy Burrows, Guarantee, Income, Pension Drawdown, Pensions
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Redress for poor pension transfer advice (what matters)
The FCA has revised its approach to restitution for those who have been wrongfully advised to transfer out of good quality pension schemes or have been sold inappropriate products such as FSAVCs. The paper is called “Calculating redress for non-compliant … Continue reading
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As C-19 actuaries report excess deaths approaching 130,000 – a thank you.
CMI calculates 128,700 excess deaths in the UK since the start of the pandemic. The total has increased by 8,300 in 2022. Cumulative mortality rates YTD are 1.1% of a full year’s mortality worse than 2019. 2/3 pic.twitter.com/iPsllQHHQi — COVID-19 … Continue reading
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“Time to get off the pot”- says small pots Czar – Cheseldine
“Time to get off the pot!” that was the call to action by Andy Cheseldine at this morning’s Pension PlayPen coffee morning. There is a cost of delaying small pot consolidation but there are no numbers to tell us what … Continue reading
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Is this the start of the Rishi bounceback?
Not many horses get discounted to 10-1 against in a two horse race to go on and win. But this morning’s odds see that Sunak’s odds have more than halved – though he’s still trailing by a huge amount. This … Continue reading
Andrew Cheseldine on small pots – 10.30 this Tuesday Morning – link here!
The advert says it all. I’ve written a lot about the frustration of not seeing more progress on small pot consolidation. My view We are in a state of funk about member detriment and need somebody to apply some common … Continue reading
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TPR should get Smart with their own “great consumption plan”.
A delight from the Pensions Regulator! On my way home from Trafalgar Square I had a chance encounter in Queen Victoria Street with the Chair of TPR. Pleased to see that excerpts from https://t.co/a3FlbMdD0g are on @TPRgovuk prospective CEOs required … Continue reading
Scottish teachers' pay increases, such as the recent multi-year agreement negotiated via the Scottish Negotiating Committee for Teachers (SNCT) covering…