Monthly Archives: October 2022
Keeping up the conversation- at home and in Liverpool!
Living near Arsenal and spending most of this week on Merseyside made Monday night’s match a must watch! London is currently top of the football league but will Liverpool take centre stage for pensions as it builds to the cultural … Continue reading
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Hargreaves Lansdown’s peculiarly engaging IGC report
Peculiar and engaging are not words I’d associate with this year’s crop of IGC reports which have struggled with the disadvantage of being published 10 months after the report’s analysis was done. Hargreaves’ Chair Statement bucks this trend by being … Continue reading
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Phoenix IGC – making sense of legacy pensions.
Phoenix has published its 2022 IGC statement for the period up to 31st December 2021, along with reports for Standard Life and ReAssure , it is one of three statements from the Chair of all three – David Hare. As … Continue reading
Holding to Account: Analysis and Resolution of a Crisis . (Keating and Clacher)
This post was written before the second intervention of the Bank of England to shore up pension schemes and the financial system on Monday 10th October. Con Keating will be speaking today (Tuesday 11th) at a Pension PlayPen coffee morning … Continue reading
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Tagged borrowing, Con Keating, Hedge Funds, Hedging, Iain Clacher, LDI, TPR
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“BOE boost bond buying scheme in final week”- FT
Thanks to Cat Rutter-Pooley for this. The Bank of England’s intervention in the gilt market almost two weeks ago averted a fire sale and a “self-reinforcing spiral” that risked “financial instability”, in the words of the Bank’s deputy governor Jon Cunliffe. But there … Continue reading
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Fair shares for pensioners at buy-out!
If my pension is bought out by an insurer , I want to get my fair share of the surplus paid to me. And I want other pensioners and deferred pensioners to share in any surplus the fund may have … Continue reading
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Are state pensions political playthings?
A social media debate has broken out on twitter , prompted by this post from LBC Ministers ‘planning to raise the pension age to 68 by the mid-2030s’ in blow to millions https://t.co/fCr4Y6UJ0d — LBC (@LBC) October 5, 2022 … Continue reading
Prudential’s IGC reports an omni shambles.
Prudential, once Britain’s premier insurer has produced its 7th IGC report, the second from former Mercer CEO Bruce Rigby. I suspect that Bruce had his fingers crossed that he would get away with his VFM assessment. Overall, the IGC … Continue reading
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Tagged Bruce Rigby, investments, Pensions, Prudential, Value for Money, VFM
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The Scottish Widows IGC looks beyond the swirling cape
Style, tone and content. Scottish Widows has great if somewhat laddish marketing , thankfully it has an IGC that is interested in what it is delivering to its policyholders/members. This IGC report continues an improvement evident over recent … Continue reading
Has this crisis broken your pension pot (and can it be mended)?
Ever the optimist, I kick off with an image of a pot that has been broken and becomes a thing of beauty. For many of us DC pension pot holders, this is devoutly to be hoped for. Though for some, … Continue reading
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Tagged Bonds, DC pot, de-risking, equities, LDI, pension pot, workplace pension
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