Monthly Archives: October 2022
Fidelity’s IGC – focussing on what matters to pension savers
Tone and style I’ve waited a long time to say it , but Fidelity’s 2021/2 IGC report is a corker. I thought it would be even before I read it when I saw what the IGCs priorities were for … Continue reading
Standard Life’s IGC report – too long , too angry and wrong!
Standard Life has produced a bumper 162 age IGC report – a kind of shock and awe statement from David Hare – which is issues together with IGC reports for other Phoenix insurers – Phoenix and ReAssure. They get 100 … Continue reading
In the eye of the storm
Over the past few days, while the Bank of England intervention in the Long Dated Gilts “Repo” market has been in operation, there has been an insidious increase in the long dated gilt yield. I have been quoting previously the … Continue reading
Aegon – perversely going where no IGC has been before
Aegon’s 2022 IGC report confuses me. I thought it’s 2021 report- covering 2020 was very good. The report was the only one that properly laid out the charges paid by employers relative to the size of the employer – this … Continue reading
If LDI pooled funds collapse – what would follow ?
To understand how pooled LDI funds work, listen and watch this excellent video which explains the rewards and the risks of LDI pooled funds. Please watch it to understand the way that LDI works within a pooled fund. Thought I’d … Continue reading
Royal London’s IGC – dour, impenetrable but effective
Royal London’s IGC report for 2021 is a rather dour affair, in contrast to others. Its sombre colour scheme is complimented by a formal style of delivery with an emphasis on good governance rather than member engagement. Even the … Continue reading
IMF presses for fairer exit prices – on illiquid funds.
How Illiquid Open-End Funds Can Amplify Shocks And Destabilize Asset Prices Mutual funds holding hard-to-sell assets but offering daily redemptions can spark volatility and magnify the impact of shocks, especially in periods of market stress Fabio Natalucci, Mahvash S. Qureshi, Felix Suntheim, … Continue reading
L&G’s IGC falls short
L&G’s IGC have published an excellently produced and easy to navigate IGC report that tells people exactly what the IGC think of L&G at a glance. Value for money assessment The problem I have with the document is that it … Continue reading
Why “the anti-growth alliance” is a nonsense.
One of the moments that made my mind up about my politics was standing in a hall listening to the Tom Robinson Band singing “better decide which side you’re on”. It contains the lyric If left is right then right … Continue reading
Do they mean us? – Washington Post takes aim at TPR over LDI
Below are extracts of an article published in the Wall Street Journal which gives the American perspective on our LDI crisis. Since the UK Pension Regulator seems to be in denial that their has and is a crisis resulting … Continue reading