Monthly Archives: September 2023
Should the PPF be a foster parent to healthy pensions?
Anyone in a DB pension scheme has a dependency on their employer to sponsor their scheme. It’s the dependency a child has on their parents who are needed to nurture them to maturity. But some parents have to or … Continue reading
VFM from public relations? Journalist Louise Farrand walks the line
Gaye O’Neill said “journalism is about printing what someone didn’t want printed, everything else is PR” Louise Farrand is one of the many journalists who started life in Public Relations , finding life easier on the buy-side than the … Continue reading
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The Wilko family owe their pensioners an explanation
Wilko owed £625m when it collapsed, leaving the pension fund £50m short In its latest published accounts for the year ended 29 January 2022 , the Wilkinson Group Retirement Benefits Scheme had assets of £203m and liabilities of £219m – … Continue reading
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Pension report from the banks of Loch Lomond
Yesterday we had our conference – thanks DG for your DB Strategic Investment Forum. 85 pension leaders gathered at what a jealous non-invitee tagged the “poor man’s Gleneagles”. It is the most luxurious experience of my year and as I … Continue reading
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Tagged Capital Backed Journey Plan, Conferences, DB, DG, Loch Lomond, Pensions
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Why should we worry if people spend their pensions?
“It’s extremely worrying that so many more people are withdrawing funds from their pensions and at higher rates,” said Alice Guy, head of pensions and savings at investment platform Interactive Investor – (FT) The news is that we are spending … Continue reading
Port Talbot’s chicken dinner man gets fined £2m.
Darren Reynolds has been banned for acting as a Director and fined over £2m for losing just under £24m of his client’s money in high risk unregulated investments. The FCA’s actions relate to activities prior to Reynolds becoming notorious for … Continue reading
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Tagged Al Rush, Chicken dinner, Darren Reynolds, Pensions, Port Talbot
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How should our pensions value unlisted equities?
I was shocked when I read that many of the valuations of private equity funds are carried out by employees of the funds. I am pleased to hear that the FCA are looking into this practice and I hope that … Continue reading
By the bonny bonny banks of Loch Lomond
I’m heading for Scotland today to speak at the DG Conference on the shores of Loch Lomond. It’s not a part of Scotland I’ve visited before and I have to admit it feels like a bit of a break after … Continue reading
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“Pot for life” needs a change in employer mindset on workplace pensions
Tom’s discussion is well worth a watch , not least for the various interventions from an engaged audience. Interesting session today. We always enjoy listening to your speakers and the diverse opinions and views from across the pension sector. @DavidRJTaylorUK … Continue reading
£626,000,000,000 of our retirement money was lost in the financial markets last year.
Yes, I know that Pension Scheme liabilities are projected to be lower by more than £626,000,000,000, but you can’t eat projections. The money that was lost by UK DB pensions last year is gone. It has been collected by those … Continue reading