Monthly Archives: October 2022
The Bank tells us what nearly happened and what really happened in the LDI crisis.
The Treasury Select Committee are in the midst of an immediate inquiry into the impact of the “micro-budget” of September 23rd. You can read here the transcript of the first oral session featuring among others Torsten Bell and Paul Johnson. … Continue reading
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Tagged Funds, Ireland, John Cunliffe, LDI, Luxemburg, Offshore funds, Pensions
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Let’s hope our Minister for Pensions secures Growth for our state pension!
Sometimes you have to laugh to stop yourself crying. Most of us have enjoyed this headline. Though – as this blog explains- the title of one of Liz Truss’ Ministers will not lettuce forget her 45 days of madness! … Continue reading
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What happens to pension policy now?
A lot of people who think about pensions and policy will be trying to work out what has actually happened over the 45 days of misrule since Liz Truss took over. We have lost the national anchor, our Queen. We … Continue reading
We should have a Government of National Unity.
These numbers may spook a few MPs towards Johnson, they tell me we should either have an election or a coalition government of national unity. https://t.co/U7KE0jsv7s — Henry Tapper (@henryhtapper) October 21, 2022 We are about to embark on another … Continue reading
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Firefighters get pension pay-out for distress caused by Government
Nearly 9,000 firefighters are set to receive a pay out of £3,750 after a government pensions debacle caused them “total uncertainty with regards to their financial futures”. The money is compensation for anxiety, distress and related feelings in … Continue reading
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The damage done to pension funds this year
The Ft has run a story based on the published group accounts of BT, “Following the year end, there was a significant fall in the value of the scheme’s assets, during a period of significant market volatility in the second … Continue reading
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What is “useful content” on LDI and who should publish it?
John Belgrove , who has long been a friend to this blog , has published on Linked-in a Venn diagram. This is not an ad hominem attack on John, he is being helpful in articulating a commonly held view (judging … Continue reading
Ian Taylor – the founder of Transact – has died
Ian Taylor, co-founder of Transact has died , after a short illness – aged 58. Everyone who knew him or even met him will remember him for his wit , acumen and generosity. He encouraged me when I was starting … Continue reading
the 1000 and 1 days in the life of a thanksgiving turkey
“1000 and 1 days in the life of a Thanksgiving Turkey” Having read the Pensions Regulator’s response to the questions posed by the parliamentary Work & Pensions Select Committee and their new guidance “Managing investment and liquidity risk in … Continue reading
Good news for the state pension ; fingers crossed for pension credit.
This was the news we were given yesterday (18th October) My reaction to this news was initially “fury”, which tempered to “resignation” and became through the morning “hope”. FURY Dotun Adebayo, who I admit to spending rather too much time … Continue reading
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Tagged Liz Truss, Lucy Neville-Rolfe, pension, pension credi, state pension
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