Monthly Archives: October 2023
Government bags pension windfalls from “bad banks”.
The FT is running a story about the Government snaffling a £100m surplus as it takes the assets and liabilities of the Bradford and Bingley and Northern Rock (BBB) defined benefit schemes onto its balance sheet. UK Asset Resolution … Continue reading
USS pension dispute is over.
I am very pleased to hear that the 5 year long pensions dispute between the UCU Union and UUK over the funding and benefits arising from the USS pension scheme is over. It’s over because all sides have agreed that … Continue reading
Payroll key to choosing workplace pensions
Don’t forget the micro employers. Payroll has to cope as seemlessly as now, including on switches. — andrew young (@glesgabrighton) October 20, 2023 Thanks to my Glaswegian friend. Not only are payroll people key to workplace pension operations – but … Continue reading
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Putting our money where the Chancellor’s mouth is.
After a week of hearing how hard it will be to invest in growth capital. I am relieved to hear that the British Business Bank is planning to help pension funds invest in venture capital using its considerable intellectual … Continue reading
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Tagged Business, CDC, DWP, Financial services, Government, National Employment Savings Trust, NEST, pension, Pensions
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BSPS, all shall be well and all manner of things shall be well
My favorite session of the PLSA (by some way) was the opening session of the third day when Derek Mulholland (CEO of BSPS through all its troubles) , the current Chair of Trustees- Keith Greenfield , its adviser – LCP’s … Continue reading
Regulator demands a secondary market for workplace pensions
Delfas says she wants to hear from consolidators so that regulations do not become an obstacle to innovation. #plsaannual23 pic.twitter.com/9QHXswGVoZ — Henry Tapper (@henryhtapper) October 19, 2023 Speaking to the PLSA Conference on Thursday, Nausicaa Delfas CEO of the Pensions … Continue reading
Clara to have 10,000 members by Christmas
Clara will have 10,000 members by the end of the year That was the bold claim of Richard Zugic- Clara’s chief financial and operating officer , speaking at the PLSA alongside Nikesh Patel of Kempen. It would mean that Clara … Continue reading
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Pension schemes baulk at cleaning up other people’s mess
The serene atmosphere of day one of the PLSA conference did not last. The second day saw the Government coming for pension scheme money and the mood in the hall turn sour. If you want to win these friends and … Continue reading
How will SJP’s overhaul impact value assessments?
Well I have to admit I was wrong the consumer duty was not a massive waste of time. This is a huge success for the fca https://t.co/qWrBIWNUeg — Jack Gilbert (@JackGilbert13) October 17, 2023 The SJP agreement to overhaul its … Continue reading
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Important amends to my Aviva IGC report.
This report has two important amends from that originally published. In their 2022 report, the Aviva IGC did indeed conclude that members not protected by the AE charge cap, and paying in excess of 0.75% a year in charges, were … Continue reading