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: July 2023
TPR has a new mindset. Get with it or get out.
Jo Cumbo’s meeting with Nausicaa Delfas This interview is the clearest evidence yet that there is a new mindset within TPR. Because I don’t have enough free links to offer direct access , I will share a PDF of Jo’s … Continue reading
16bn reasons why USS was saved by the discount rate
Saved by the discount rate! — Richard Disney (@RichardDisney) July 26, 2023 Richard Disney’s verdict on the state of the USS pension scheme , which as I mentioned last week, is showing that it lost £16bn of its asset base … Continue reading
Posted in pensions
Tagged Bill Galvin, dc, LDI, Pensions, Private Equity, Simon Pilcher, USS
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Curiouser and curiouser – small pots the real agenda (Will Watling)
This blog, written by Will Watling on 25 July 2023, sums up the frustration of those who have committed time to developed the infrastructure to let pots follow members., The blog can also be found on Altus’ Website and on social media Those … Continue reading
“Oh Rose thou art sick”
I don’t know Alison Rose , I know one of her former (female) Board colleagues I suspect that Rose’s resignation last night as NatWest’s CEO will be met with frustration It is one thing to get women to a … Continue reading
Treasury committee tells Venture Capital to get out of London and diversify
Thanks to Nicholas Lyons for alerting me to this important call to action. The Treasury Committee today criticises the venture capital industry’s unacceptable failure to invest in firms outside London and the South East or in businesses led by women … Continue reading
Delivering the difficult second album ; a tough gig for Nausicaa Delfas
This lunchtime I will be travelling to Brighton for a meeting in TPR’s new offices with Nausicaa Delfas, TPR’s CEO and the woman calling for a change in mindset from the pensions industry. I’ve two aims. Firstly to understand … Continue reading
Time for pensions to stand strong on green issues
Rishi Sunak has signalled the government could delay or even abandon green policies that impose a direct cost on consumers, as he comes under pressure from the Conservative right to create a dividing line with Labour at the next election. … Continue reading
The unintended consequences of pension tax-reform; NB IFS.
Over the weekend I wrote a piece arguing that GPPs are now trapping millions of savers in structures that are largely being abandoned by Government, Regulators, Employers and Pension Providers Ros Altmann, with whom I work to banish the net-pay … Continue reading
Evolve dissolved;- the unions walk out on workplace pensions
The eventual purchase of Evolve by Smart last week marks the end of commercial involvement in master trusts by trade unions. Evolve (the funder of BlueSky and Crystal master trusts) was owned by Unite and Select (the Scottish Joint … Continue reading
Scottish teachers' pay increases, such as the recent multi-year agreement negotiated via the Scottish Negotiating Committee for Teachers (SNCT) covering…