When only 8 to 15 mega-trusts dominate the entire defined contribution (DC) and LGPS landscape, peer-group risk may override manager…
This is clearly a serious story about institutional accountability, bankruptcy and the treatment of former employees. But, although the immediate…
Here's another way for a pension fund to get in the soup. https://bayourenaissanceman.blogspot.com/2026/09/the-catholic-clergy-sex-abuse-scandal.html
I had earlier today read a medical research article reporting on a Japanese study that found that “supercentenarians” — those…
Monthly Archives: June 2023
Red and amber flags continue to embarrass the Government
The various responses from the trade and national press demonstrate what a mess we have got ourselves into trying to protect people from combining their pension pots. Guy Opperman made it clear this time last year that the DWP’s intention … Continue reading
“Bazball pensions” come to parliament
The First test At one point in yesterday’s parliamentary session on DB funding, a sharp MP likened the DP optimists to Ben Stokes “Baz ball” cricketers – gung-ho with news of current surpluses. This put Keating and Clacher in Australia’s … Continue reading
Richard Smith reaches Oslo – will he return our dashboard Czar?
For those who have been enjoying Richard Smith’s European Odyssey, here is his latest report -from Oslo Here’s what the Norwegian dashboard looks like and here are the people that Richard met. What is coming out of these visits is … Continue reading
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Tagged Fred, Ola, Oslo, Pension Dashboard, Pensions, Richard Smith, Trond
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The pervasive progress of “fiduciary management” into DC schemes.
Why Fiduciary Management is important to DC schemes This blog is part 2 of my thoughts on Barnett Waddingham’s excellent review of investment performance in fiduciary management in 2022. Though this paper does not talk of DC schemes, it … Continue reading
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Tagged DC trustees, Fiduciary Management, Pensions, pervasive, trustees
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The rule of 6 – why high mortgage rates spell good news for pension pots!
Six – is a tragic number. Yesterday , the press decided to introduce a new number to the national consciousness. The number 6. It it the interest rate that mortgage payers will have to pay for a two year fix … Continue reading
A “Just” transition from saving to spending pension pots? – PPP coffee morning tomorrow
Coffee Morning – Just – Improving retirement outcomes Attending CPD included Type Online When June 20, 2023 10:30 am London At our next event, Jean-Paul Grenade (JP) from Just Group will be presenting how they have brought innovation to the decumulation market. … Continue reading
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Truell claims buy-out “reinsurance” is “superfunds through the back-door”.
I recently reported on the Bank of England and Prudential Regulatory Authority’s concern that Insurers were passing on the management of assets and liabilities via reinsurance using captives in Bermuda and other offshore havens. This strikes the common reader as … Continue reading
Were LDI pooled funds technically bust – last September?
When the Bank of England stepped in to the long dated gilts market in September last year, it did so to stop contagion from the collapse of certain pooled LDI funds. It is now becoming clear that at least two … Continue reading
Little to celebrate in this “aggregate surplus of UK DB schemes.
Numbers …numbers There are new numbers from the PPF. DC savers with mortgages should be scratching their heads that those with DB pensions are seeing their pensions become more secure because of high interest rates. The aggregate surplus of UK … Continue reading
Scottish teachers' pay increases, such as the recent multi-year agreement negotiated via the Scottish Negotiating Committee for Teachers (SNCT) covering…