Monthly Archives: September 2022
Who owns prudence?
Yesterday I wrote about my fears that in the rush to pay for an insurer to buy-out their pension scheme, employers and trustees may be ignoring the interests and interest of members. The “interests” of members may be better served … Continue reading
Tales from the riverbank
David Beckham joined the queue to see the Queen’s coffin at 0145 am Friday morning. If he looks like a man who has been up all night – he has. Full credit to this man who could have played the … Continue reading
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If your pension’s been bought out – do you know what you’re missing?
James Mullins of Hymans Robertson recently told Pension Age “The rapid growth in demand for pension schemes to insure their risks, along with improved pension scheme funding levels, attractive insurer pricing and new alternative risk transfer options, means that … Continue reading
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Tagged Business, Defined benefit pension plan, DWP, Employment, Financial services
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Pension Dashboards and the new Consumer Duty
It’s already a commonplace that the Consumer Duty shifts the obligation on those providing financial services from “treating a customer fairly to treating that customer well“. The Pension Dashboards set out to provide a good customer experience, they will be … Continue reading
View of the queue
This is the queue’s destination, an opportunity to walk past the Queen’s coffin in St Stephen’s Hall in the palace of Westminster. It will be the culmination of a long walk for those passing it as I write (5.45am). The … Continue reading
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Tagged Mourning, Queen Elizabeth, Queue, st stpehens hall, westminster
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Is there an illiquidity crunch in private markets?
What is going on in private markets – is there an illiquidity crunch? Not good. Some did warn employers were limiting contributions to pension schemes because investment ‘advisers’ said they could generate high returns with low risk using ‘alternative’ … Continue reading
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Quick Poll: Are you seeing an increase in employees pausing contributions to workplace pensions?
My friends at CIPP are running a poll for their members because of lack of information about what staff are really doing on “opt-outs” and “pension pausing”. Interesting “quick poll” from @CIPP_UK https://t.co/bU7pg6t7kt Keen to see results @JosephineCumbo — Henry … Continue reading
Isn’t helping people with the cost of living , what a pension scheme does?
Tom Birkin, Actuary at XPS Pensions Group, said:“For current pensioners, sustained periods of high inflation will compound the effects of pensions not keeping pace with rising prices. Pension schemes should explore options to support their members through this challenging period” … Continue reading
Where Terry Smith leads, others should follow.
Here is a notice posted on the London Stock Exchange. It should be read by all fund managers regardless of whether their fund is currently assessed as adding value – or not. I’d draw their attention to Terry Smith’s comment … Continue reading
Mourning or gawping – London locks down for a week.
Against my better judgement , I went to the UK pensions awards with a party of guests, the feeble reason being that Pension PlayPen were up for an award. It was a nice evening spent with friends and clients , … Continue reading