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…
The simple truth is that the pension system is very good at taking your money, and may or may not…
That is a good point about the ordinary person/voter due to being too poor to get interested in political donations.…
Monthly Archives: November 2022
Capturing the prize – or why you shouldn’t bet money you don’t have!
Was the football side that beat Iran 6-2 an average team that played well or was the that drew with the USA a good team that played poorly? Our view of the England’s performance in the world cup … Continue reading
Find out how the PPF used LDI as part of its pension strategy
I think this will be a really excellent discussion. Register or log in to http://www.pensionplaypen.com to attend. (events)
LDI – the full unexpergated story
This is a text of an after-dinner speech I gave to the Pensions Network on Thursday November 24th. Our story begins in 2004 when the UK adopted an accounting standard that discounted pension scheme liabilities to the AA Corporate bond … Continue reading
Small DB schemes – LDI’s unconsidered victims
The PLSA has around 1400 members, give or take the odd DC master trust, the vast majority run DB pension schemes. You can find who they are if you purchase the PLSA database The industry bible “Pension Fund and … Continue reading
Digital Shiny Objects – a blog on crypto-currency and trust by John Mauldin
By John Mauldin | Nov 19, 2022 (thanks to Per Andelius for sharing) Financial crises are really about trust. They tend to occur when people lose trust in assets, institutions, or people they had thought trustworthy. Whether the lost … Continue reading
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It’s leverage wot dunnit!
Hidden borrowing, hidden losses and a hidden group of victims from the LDI crisis – that’s what came out of yesterday’s remarkable evidence sessions held in committee room 16 of the House of Commons. Hidden borrowing. The legal argument about … Continue reading
Why employers should be pig-sick about LDI (as should many DC savers).
This morning I will be giving evidence to the Work and Pensions Committee as part of its inquiry into Defined Benefit Pension Schemes with Liability Driven Investments. I will be giving evidence with John Ralfe, Con Keating and Iain … Continue reading
L&G’s Wilson sees many black swans on the river.
It’s tough at the top and L&G’s Group CEO Nigel Wilson has been at the top longer than most. Yesterday he went to war with the combative House of Lords Industry and Regulators Committee. He had no choice. The … Continue reading
Pensions need a common purpose and a normal retirement age
Following writing yesterday’s blog on the problem people have with thinking about their pot as a pension, I spent much of the morning wondering just how we could trigger dormant pots to become pensions without losing the right to do … Continue reading
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The inquiry into LDI moves apace as L&G’s summoned to parliament
The chief exec and chair of L&G, one of the UK’s largest pension providers, will this week appear before a UK parliamentary committee probing the use of #LDI strategies by #pension schemes.https://t.co/XLRMqqftNr — Josephine Cumbo (@JosephineCumbo) November 21, 2022 Days … Continue reading
This is clearly a serious story about institutional accountability, bankruptcy and the treatment of former employees. But, although the immediate…