Monthly Archives: May 2023
Treasury discusses planning to take on Britain’s enfeebled DB plans
The following article is extraordinary. Until a few weeks ago, the Government’s Pensions Regulator was urging small and underperforming pension schemes to demand employers pump money into them so they can buy risk-free assets in a process known as “de-risking”. … Continue reading
Nico and Darren go guestless.
Take a guest out of Nico and Darren’s VFM podcast and you are left with the Chuckle Brothers of pensions without the constraint of a third party. This leads to some pretty strange stuff, especially from Nico who now … Continue reading
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What does the Government really have in mind for the PPF?
As the FT reported yesterday, the Treasury appears to be mulling over breathing fire back into DB by converting the PPF into a means for the sponsors of small and struggling DB schemes to offload their schemes. This would mean … Continue reading
The value of the City’s Mayor having and expressing his opinion
Somewhere over the past four weeks , a comment made to the FT by City of London Mayor- Nicholas Lyons has become a “cause celebre” for – well just about everyone! This is how the FT reported what he said … Continue reading
Nest passes £30bn !
Yesterday was a good day for big pension schemes. USS finally gave back its pre 2022 benefit promise to its members, the Government are rumored to be putting the PPF to work and yesterday Mark Fawcett and Elizabeth Fernando celebrated … Continue reading
A proud day for the UCU – pre 2022 USS benefits on course to be restored in full
USS benefits to be restored ‘in full’, says UUK and UCU https://t.co/3Vc7kXGRc3 via @profpensions so ends a bizarre episode where theory overtook common sense , causing needless damage to thousands of young people’s education. — Henry Tapper (@henryhtapper) May … Continue reading
PPF to the rescue! Could Britain’s £40bn lifeboat put pensions back to work?
In a move that gets the thumbs up from this blogger, the FT report the Treasury eying up the Pension Protection Fund to take on assets and liabilities of smaller and weaker DB pensions , stuck at the back of … Continue reading
Lang Cat Mike spills the cream; Pension PlayPen – Tuesday 30th -10.30
Get the prequel Lang Cat launched The Advice Gap 2023 last week. It’s one of their biggest papers and is certainly worth douze of anyone’s pwan. Download it here That’s enough ads-ed Ok that’s the ad 0ver. But in the spirit … Continue reading
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Keep watering that hedge – pension trustees!
Good morning, #pensions! Watch those collateral waterfalls flow… Today’s @ft. pic.twitter.com/SLl1JF1ouE — Mike Harrison (@HigherEdActuary) May 25, 2023 The lengths to which schemes have gone “to preserve the hedge” astonishes me. Being knocked out of the hedge actually ‘exposes’ … Continue reading
Transfers slow , providers protest – consumers suffer.
Two items of news over the past seven days have saddened me. I cannot say I am surprised to hear that Government data shows 40% of pension transfer amber warnings are for unknown reasons, making it hard to understand … Continue reading
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