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
Richard Smith in Belgium ponders the cost of not doing a dashboard
Richard Smith’s European pension odyssey kicked off in Belgium last week. I’m a little out of sequence in catching up, but I’m sure you won’t mind as the insights from his visits to Copenhagen and Stockholm are published on this … Continue reading
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Value from the choices we make – Mark Ormston
Mark is a touchstone for this blog, not just because he is young enough to represent “next gen” pension thinking , but because he thinks things from first principals, what matters to people’s pensions matters to him. So it was … Continue reading
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What is “conditional indexation” and why is it important?
USS is being asked to consider Conditional Indexation (CI). The idea is important but misunderstood So they’ve produced a guide The idea is to share the risk and rewards of investment so that members get more of the upside and … Continue reading
Boss bests Brummies – Springsteen at Villa Park
From Astbury Park to Villa Park’s been a 50 year journey for veteran rocker, Bruce Springsteen, but as a lively pensioner remarked to me after the gig “you wouldn’t think he’s 73”. Like Jagger, Springsteen is not slowing down. … Continue reading
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Richard Smith in stunning Stockholm – dashboards and the colour purple
Apologies to Richard and my readers, the first in this series – on Richard’s visit to Belgium – will get its own blog shortly!
More master trusts to merge in next few months
After a quiet few months, I foresee the rate of consolidation of DC master trusts picking up over the next few months with announcements beginning next week. This blog asks what is driving consolidation and what it means for a … Continue reading
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Do you want your pension funded from Bermuda?
The Bank of England’s Prudential Regulatory Authority has written to the Chief Risk Officers of the UK Life Insurers it governs with a warning to look to the way they are funding the buy-out of our funded DB pensions … Continue reading
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Pension member engagement – what is it and why does it matter?
I don’t write much about the importance of members engaging with their pension pots, mainly because it has become a topic perverted by providers more interested in frightening savers into contributing more than they can afford (and sometimes need) … Continue reading
Richard Smith in dashboard land (pt 1- Denmark)
Richard Smith has embarked on his tour of Euro-dashboards and first stop is Denmark. Here’s his report and here’s a screenshot of the Danish dashboard in action You’ll notice that the Danes present pensions in a way that makes their … Continue reading
The Emperor’s pension – a tale of (not very) ancient times – from John Kay
Once upon a time, there was a wise and kindly Emperor, with a faithful retainer called Sid. One day, the Emperor took him aside ‘You are serving me well, and as a mark of my esteem, you will receive … Continue reading
Scottish teachers' pay increases, such as the recent multi-year agreement negotiated via the Scottish Negotiating Committee for Teachers (SNCT) covering…