Monthly Archives: May 2023
The grand old Duke of York should have “avoided foreseeable harm”….
Anyone who is familiar with the Consumer Duty knows the phrase “avoiding foreseeable harm” but trustees and funders of occupational schemes may not. That’s because the Consumer Duty doesn’t extend as far as occupational schemes. Perhaps it should. If you … Continue reading
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Tagged DB, dc, de-risking, Duke of York, Einstein, Gilt yields, Pensions
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IFS says Government tinkering with pension investment doesn’t amount to a tax
Speaking to a meeting of the Pension PlayPen , Carl Emmerson, Deputy Director of the IFS said that were a future Government to mandate DC schemes make a 5% allocation of their default funds to a £50bn Government Growth … Continue reading
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Steelworkers face second time to choose
The sorry tale of redress for the miss-sold steelworkers continues. Case study one – more de-risking that went wrong David Stock & Co, an IFA was apprehended offering restitution of £50 six years after mis-advising a steel man to opt-out … Continue reading
“Go for Growth” – TPR tells DC trustees.
Our CEO Nausicaa Delfas today used her first speech to the industry to call for a united effort to meet the 'pensions challenge' to make the system the best it can be for savers. https://t.co/87rKnr7zRY pic.twitter.com/DO3RY8akhL — ThePensionsRegulator (@TPRgovuk) May … Continue reading
Pension funds and market tumult. Open University – lunchtime Thursday
Join us for the next OU Economics seminar series, on Pension funds and market tumult. Thursday, May 25, 2023 – 12:00 to 13:30, Online via Microsoft Teams, registration: here. Jennifer Churchill, Bruno Bonizzi, and Con Keating will unpack how the … Continue reading
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What is the IFS up to on pensions? Pension PlayPen – Today 10.30
The IFS’ Pension Review may not be the second pensions commission but it is likely to span two Governments and is the nearest thing we will have in the next five years to a comprehensive reappraisal on how we organize … Continue reading
Are pensions ready to invest in £50bn “future growth fund”?
Labour ready to force #pensions to invest in £50bn ‘future growth fund’ https://t.co/UAvne2I7JE — Josephine Cumbo (@JosephineCumbo) May 22, 2023 The story is the FT’s digital headline and is garnering hundreds of comments, almost all of which are opposed … Continue reading
Taking VFM seriously – “waiting for others to join”
The photo has me in the inset taking the photo in meeting room 9 on the 12th floor of BlackRock’s Copthall Avenue City HQ. Ten minutes later the room was full and people were on the call from Enfield … Continue reading
Savers can profit from the green transition
My Australian friend Amanda Latham, has joined IFM, the Australian infrastructure manager set up by Australian pension schemes to improve returns for DC savers. She’s known to many of us as one of the architects of TCFD while at … Continue reading
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“Quality service” if it comes at all -does not come free .
I’ve been thinking while I navigated the Thames on Lady Lucy about consolidation. Yesterday I wrote a blog about why I think scheme consolidation mainly helps those who have little understanding of how their pensions are managed and aren’t ready … Continue reading