Monthly Archives: July 2023

“Half Price Fees” needed to make private equity work for DC pensions

Posted on July 17, 2023 by henry tapper

Toby Nangle has written in the FT about the Chancellor’s bet on private equity as a means to improve people’s pensions. You will remember that the Chancellor promised us, in his Mansion House speech, £1,000 pa more in retirement, if … Continue reading →

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“High interest rates will help the young”- really?

Posted on July 17, 2023 by henry tapper

  A report out today from the Resolution Foundation finds a dramatic turnaround in working people’s prospects of getting rich Over the past four decades, the total value of wealth owned by UK households has been on a seemingly-relentless upward … Continue reading →

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Where’s AE in Government’s pension reforms?

Posted on July 16, 2023 by henry tapper

There has been criticism of the DWP and Treasury’s Mansion House reforms as not constituting  a coherent vison for pensions. I think that this is misguided. Whether in relation to corporate DB, LGPS or DC pensions, the reforms represent a … Continue reading →

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The decumulation only CDC SCHEME is a non-starter, savers with pots need CDC FUNDS.

Posted on July 16, 2023 by henry tapper

Our intention is that the framework should accommodate schemes providing benefits to unconnected multi-employer schemes and Master Trusts, and to explore how best to provide for schemes offering CDC decumulation products CDC is an example of how far the DWP … Continue reading →

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Small pension pots get a “central consolidator” – payroll breathe easy!

Posted on July 15, 2023 by henry tapper

The Government has at last taken a decision on small pots. It is the right decision.  Employers choose pensions ,  payroll is not a pensions clearing house.   I’ve written several times about the need to auto-combine small workplace pension … Continue reading →

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Estimating Long-Term Inflation For Long-Term Entities

Posted on July 15, 2023 by henry tapper

  On 12 May 2023, Henry kindly published a piece we wrote, querying why index-linked gilts had been so firmly recommended by TPR and consulting actuaries. No one has responded, which is interesting in itself. Anyway, that question was partly … Continue reading →

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Nathan Long – Financial resilience

Posted on July 15, 2023 by henry tapper

This is the 26th VFM podcast and my 26th blog (27th if you include my apology to Nico for being rude about him). But it’s the first when Nico has had a proper job, I think he’s in charge of … Continue reading →

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Scottish Widows – Nature and Biodiversity: why should pension funds act now? 

Posted on July 14, 2023 by henry tapper

Type – Online (+1Hr CPD) When Tuesday July 18th, 2023 at 10:30 am You are cordially invited to attend our next event on July 18th. In just 50 years, humanity has pushed itself out of a period of stability that … Continue reading →

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A* for consultation on “at retirement” options. Trott nails it.

Posted on July 14, 2023 by henry tapper

In 2022 the Government ran a call for evidence  This call for evidence has been launched to explore what support members of pension schemes need to help them make informed decisions about how to use their savings. It will also … Continue reading →

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The VFM Framework – not perfect but now fit for purpose.

Posted on July 14, 2023 by henry tapper

At the back of DWP’s VFM outcome paper, is its new definition of value for money Our definition of ‘Value for Money’ is that savers’ contributions are being well invested and their savings are not being eroded by high costs … Continue reading →

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