Monthly Archives: June 2023

Opperman’s “mid-life” MOT re-purposed.

Amazing news that the 6 year campaign on #MidlifeMOT really taking off – the front page story in the @thetimes really very good news. Addressing wellbeing, as well as wealth and work, in middle age, the key to so much … Continue reading

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Thames Water – do consumers take priority over bond and shareholders?

This blog is about the competing interests for the long-term revenues of Thames Water. JP Morgan have furnished the FT with a chart showing who owns what at Thames Water. It shows USS owning 9.1% of the equity , though … Continue reading

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Derek Benstead, DB by name – collective by nature! PP Coffee Morning – July 4th

  Pension PlayPen Coffee Morning 10.30 am Tuesday 4th July Fresh from his visit to Parliament to explain to the Work and Pensions Committee why open DB schemes have a future (along with CDC) , he’s now joining us for  … Continue reading

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What Thames Water means to pensions

Thames Water is in big trouble, but its internal problems are secondary right now to the impact its not being able to service its debt has on its shareholders, the largest shareholders of Thames Water include the Ontario Teachers Scheme, … Continue reading

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There were,  in retrospect,  good reasons for Lee Rowley not to appear at the PLSA Local Authority in person He had nothing to say of substance He might have had to face an awkward question about the Government’s recent performance … Continue reading

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LGPS – defeated in the jaws of victory

I very much doubt that when Roger Phillips of LGPS Advisory Board promoted its  report on the year ending April 2022, he would meet with response from the FT’s Jo Cumbo. The Local Government Pension Scheme (England and Wales) is … Continue reading

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“Dripping with Money” – a Local Government Pension Fund funding problem

  Announcing unaudited annual report to April 2023, Richard McIndoe of Strathclyde Pension Fund described his funding position as “dripping with money“. -1.6% investment return for the year -£495 million investment loss for the year £27.9 billion closing value as at 31st March 2023 … Continue reading

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Getting digital with your members – LGPS’ talks tough on data

If you’re engaging members using the channels they wish to invest in, you’ll get a lot more engagement” – Spencer Lynch (Heywood Technologies). PLSA LGA 23. So what are the channels that people invest in? Most people have their phones … Continue reading

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Political interference haunts the LGPS

One of my aims in taking two days out to attend the PLSA Local Authority Pension Conference has been to gain an insight into the things that matter to those who run our local pension funds The overwhelming impression I … Continue reading

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“There is no such thing as passive Paris alignment” LGPS urged to embrace scope 4

This is one of a number of short blogs I am producing , reporting on the issues dominating the PLSA’s Local Authority Pensions Conference being held between Cirencester and Cricklade in the Cotswolds Water Park. Till recently, LGPS was thought … Continue reading

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