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
Standard Life calls for CDC style pensions as master trust defaults.
The Government is at last getting round to doing something about the mess that we are making of retirement decision making. The DWP is saying that it will be consulting this summer over ways to turn DC pots into pensions. … Continue reading
Posted in pensions
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The real cost of de-risking ; Keating and Clacher’s submission to parliament
This is Con Keating’s and Iain Clacher’s submission to the Work and Pensions Committe’s call for evidence on “Defined benefit pensions with Liability Driven Investments”. Written in March of this year, it represents an important perspective on the subject that … Continue reading
Posted in pensions
Tagged Con Keating, de-risking, DWP, Iain Clacher, LDI, TPR, Work and Pensions Committee
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Britain moves towards a Retirement Income Covenant.
We learned last week of an important shift in Government thinking on how we turn pots into pensions. If intentions turn to action ,we could be seeing an equivalent to Australia’s Retirement Income Covenant, in the UK within the decade. … Continue reading
Dashboards – where we went wrong
At some point over the past few years , the dashboard stopped being a place to see pensions and pots in one place and became an open university designed to educate rather than inform. On the day the Pensions Minister … Continue reading
The day of reckoning for the populists
Quite a Friday afternoon It started with Nadine Dorries resigning because she didn’t get a peerage, it continued with Boris Johnson resigning because he was facing a “kangaroo court” and it ended with Donald Trump facing 37 criminal charges and … Continue reading
Robert Holford – VFM as an economics tool
Thanks to Robert Holford for picking up on the DWP’s recent statement that the VFM Framework is going to involve the employer. Quoting my blog to Nico and Darren is a great way to get a discussion going and the … Continue reading
Forecast “fair- outlook stormy” – PLSA investment conference in uneasy calm.
As a barometre of industry feeling , I would mark this year’s PLSA conference as reading “fair – outlook stormy”. A stormy outlook for investment strategy Having survived a total breakdown in its funding strategy only 8 months earlier, … Continue reading
The lack of an accountable dashboard owner is at the heart of the problem
The Pensions Minister Laura Trott has announced a delay in the connection deadlines to the dashboard till October 2026. In her announcement yesterday (June 9th) there was no mention of the promised CEO for the dashboard. The Pension Dashboard Programme … Continue reading
DWP latest ; employers will be assessing pensions VFM.
In a move that will surprise up to a million and a half employers , it looks like assessing its chosen workplace pension will become part of the employer’s duties. Answering my question at a session of the PLSA’s 2023 … Continue reading
A proposal to Treasury to improve DC defaults (and saver outcomes)
The big issue for the PLSA conference and indeed the PLSA is how it should respond to the Government’s call to celebrate risk and reintroduce it into the pension schemes within its scope. There have been calls for the mandation … Continue reading
Scottish teachers' pay increases, such as the recent multi-year agreement negotiated via the Scottish Negotiating Committee for Teachers (SNCT) covering…