Monthly Archives: January 2023
Stewardship of money in workplace pensions – my jaundiced-eye view!
Having read 179 pages of FCA consultation, my head’s a little clearer on how we can make our money matter. Firstly we can invest in things that in themselves improve life on the planet and secondly we can invest through … Continue reading
Setting net zero goals – a ball of confusion?
As readers know, I’m interested in the value savers get from their money and the majority of my thinking has been the amount of money savings produce (the outcome). But we all know there is clean and dirty money, … Continue reading
Posted in pensions
Tagged Ball of confusion, ESG, net zero, Pensions, TCFD, The Temptations
Leave a comment
Maggie Macron – the bouffanted pension basher
The French are out on strike over pensions and Macron has a Maggie makeover from protestors. Do they mean us? Us “rosbifs” are clearly no friends to pensioners but this time the French will beat off this malign British threat … Continue reading
Posted in pensions
Leave a comment
Pension risk sharing – a bright idea for Labour
It is now 25 years since this country was introduced to “stakeholder economics” – the concept that Government could engender a more friendly form of capitalism where profits were shared more equitably between stakeholders – including workers and consumers. This … Continue reading
Posted in pensions
Tagged Keir Starmer, Labour, Matt Rodda, Pensions Minister, risk sharing
1 Comment
BOE pins LDI crisis on the “obscurity” of small DB funds.
Yesterday I reported on BOE +PRA batting for the pensioner against Government – batting for insured buy-out. That discussion was played out in front of parliament’s Treasury Committee on Monday and that same meeting – part of an inquiry into … Continue reading
58 not out, leave Fat Jacques to it!
I retired at 58, and there was, to my surprise, no provision for me to inform the government of this fact. I could sign on, but I have more pension than will allow me to claim any benefits and they … Continue reading
Posted in pensions
Tagged benefits, cake and ale, DWP, Fat Jacques, Guy Opperman, Pensions
2 Comments
Who’s taking and who’s benefiting from increased risk when pensions “buy-out”?
I’ve been hearing a lot about an argument going on behind the scenes between the Bank of England and the big boy’s regulator the “Prudential Regulatory Authority” and on the other side – the Government – (parliament). The argument is … Continue reading
Time for the FCA to review its DC lifestyle guidance ?
Thanks to James Farr of Aviva for helping me out with the FCA’s most recent pronouncements on pension lifestyling. James and I worked together at Zurich some 20 years ago and it’s great to know compliance experts at a time … Continue reading
Newscape – the steelworker’s fractional scammer – bites the dust
When I cast my mind back to the dark days of 2017 when Darren Reynolds was sourcing leads for his advice from Celtic – one fund appeared on the SIPP statements of steelworkers we met which I had never heard … Continue reading
Posted in pensions
Tagged BSPS, Gallium, Nescape, Pensions, Port Talbot, Vega Algorithms
Leave a comment
“How do we tell the children?” Our awkward problem over lifestyle.
For the purpose of this article – I will refer to some savers as our “children“, those under our care who have suffered loss while sleeping. They are the unwitting victims in the collapse in bond markets , including … Continue reading