Monthly Archives: October 2023
Private equity in open ended funds, can’t avoid the law of gravity
Here is an important article published in the FT that questions the validity of the valuations of private equity , especially as it impacts the pensions we get. A credibility problem for pension schemes The FT team who wrote the … Continue reading
This “brazen push towards consolidation” is alright by me.
This is a naked and brazen push towards consolidation. This levy in particular has long been out of kilter with the direction of travel of the market and here we go again. https://t.co/5QhfjEmbSP — Simon Harrington (@PensionWonk) October 27, 2023 … Continue reading
Why buy equities? – Con Keating’s shortest blog
In his presentation to the Chartered Institute of Securities and Investment conference on Risk and Uncertainty, Jon Exley made the case, eloquently and at length, for using bonds to match pension liabilities. This argument is rooted in the “Law of … Continue reading
Pension actuary goes viral on tic-toc
For all the talk among NextGen about “engagement” on social media, the first pensions media superstar turns out to be a 60 year old pensions actuary who lives in a Clock Tower. When Peter Tompkins was approached by an influencer … Continue reading
Past performance, league tables and building a squad
Nobody likes looking at league tables when your team’s in the relegation zone. But I can’t get enough of the Vanarama National Conference South Football League right now. My good friend and AgeWage investor, John Roe, manages the LGIM multi-asset-fund … Continue reading
The danger of economists out of work (Kay and King on pensions)
In this blog, I give a personal reaction to the Conference held at WTW’s London offices yesterday, organised by John Kay and the CISI. Although I found it a depressing event , it will inspire me to work harder and … Continue reading
DB Funding for growth? What was Nausicaa Delfas saying yesterday?
Jeremy Hunt talked to a group of pension fund executives yesterday morning. The event was closed, all we know of it is that it took place in the Mansion House. Apparently, invites were knocking round Legal & General, because … Continue reading
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Why have a Surplus Distribution Plan? – Peter Cameron Brown
Those who attended Pension PlayPen’s coffee morning yesterday (24/10) will have been treated to a high-powered discussion on surplus distribution from the panel and from Peter Cameron Brown, Chair of UKAS trustees and a leading figure in financial reporting. Peter … Continue reading
£74m written off over ATOS as Nest signs £1.5bn Tata deal
In 2021, Nest and Atos announced a shared commitment to help millions enjoy a better retirement (I and my staff among them). We were told at the time The new service, which will begin in 2023, will focus on … Continue reading
Lower league record crowd sees Yeovil smash Weymouth
Yeovil had the chance to make it 9 wins in a row and extend their lead in the National Conference South against Weymouth tonight. The day broke propitiously Morning all.#YTFC 🟢⚪️ pic.twitter.com/udPxatizIj — Andy Craig (@andy_craig93) October 24, 2023 Brandon … Continue reading