Monthly Archives: December 2022
Work and Pensions Committee and the Pensions Regulator ; Iain Clacher & Con Keating
This morning the Pensions Regulator will be giving evidence to the Work and Pensions Committee’s inquiry into Liability Driven Investment. Charles Counsell, the Chief Executive of the Pensions Regulator, wrote a letter to the Lord’s Industry and Regulator’s committee … Continue reading
Can private markets improve DC outcomes? – We must trust our Trustees.
Private market investments are dark horses. We can see they make people rich but so far, those riches have not been shared with people saving for their own retirement. Lee Hollingsworth asks the reasonable question, “why is private equity so … Continue reading
TPR, FCA and PPF give LDI evidence tomorrow
The Work and Pensions Committee’s Oral evidence sessions have proved the most accessible and wide-ranging of the various inquiries into what happened when LDI blew up in September and October. Tomorrow, Weds. 14th, the WPC meet again This is likely … Continue reading
What are the barriers to providing a pension dashboard service?
The organisation behind a pension dashboard (officially a Pension Dashboard Service firm or PDS) is usually considered to be a bank or insurer. The dashboard itself is conceived as a loss-leader designed to get trust – its a … Continue reading
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Tagged AgeWage, Aviva, FCA, Money Hub, PDS, Pension Dashboard, TPR
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The DB funding debate is not “water under the bridge”.
The state lending to its own citizens’ pension funds at negative real rates was always going to come back to the state balance sheet at some point. The problems of LDI will continue playing out over decades to come. — … Continue reading
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DC investment administration – ripe for disruption.
Nico Aspinall, the doyen of DC CIOs has written the first of what I hope will be several “briefing notes” that he introduces as follows. In my first briefing note I discuss why DC schemes need to remove their life … Continue reading
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An employer with a small DB scheme gives its evidence to the WPC
Founded 50 years ago, Dixon International Ltd is an award-winning innovator and manufacturer of specialised construction products. It was the first to develop aluminium and elastomeric draught seals for doors & windows in the early sixties. It was the first … Continue reading
Why losing to France did not seem quite so bad.
Queen Mary claimed that Calais would be found engraved upon her heart and for most England football fans, excerpts from the 57 years of hurt since 1966, are engraved upon our psyche. Losing in the world cup is as much … Continue reading
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Tagged 1966 FIFA World Cup Final, England, France, Harry Kane, World Cup
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Parliamentary evidence impugned; £500bn LDI loss explained.
John Ralfe has written the following to the Work and Pensions Committee. Supplementary evidence from John Ralfe Consulting Ltd Thank you for the opportunity to give evidence to the Committee, which I hope you found useful. During the session Professor … Continue reading