Monthly Archives: November 2023
The first superfund deal is done – Clara have consolidated the Sears scheme.
Congratulations to Clara for doing the first superfund deal – well in advance of Christmas! The FT reports Under the agreement… 10,000 members of the Sears Retail Pension Scheme will transfer to Clara Pensions, a “superfund” that promises employers a … Continue reading
LCP explain the peril of reinstating the LifeTime Allowance
In his March Budget, chancellor Jeremy Hunt unexpectedly announced that the LTA would be abolished by April 2024, with the penal aspect of the LTA tax charge removed for 2023-24 as an interim measure. The Society of Pension Professionals … Continue reading
“Fair value” for our money
Fair value If our personal pension pots are going to be invested in illiquid assets, it is beholden on those who profit from managing those assets , to provide us with assurance that we are getting “fair value” for our … Continue reading
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Asset managers should invest to dine at the DC table
I often hear dissatisfaction from asset managers that they have no place at the DC table. The management of workplace DC assets has largely been given to BlackRock, LGIM, State Street and Vanguard. While they enjoy consumption of the … Continue reading
In defence of BBC pensions
The ongoing struggle between the British Broadcasting Corporation and the High Court to interpret what pension promise is made to the 6,800 staff still accruing pensions from the BBC’s DB plan is exciting the Telegraph. This blog is not about … Continue reading
Yeovil’s mighty run continues (11/11)
Fair weather blogger Ok, I only blog when we’re winning , but did you want Yeovil’s misery of the past 8 years? This blog celebrates Yeovil Town from the comfort of London Town, I did not venture 240 miles on … Continue reading
Nangle finds active management a VFM play. Buy big, buy smart.
One of the pleasures of owning an FT subscription is an article from Toby Nangle. I sense that Toby is still finding his feet as a commentator and occasionally I wish he’d calm down (fine thing for me to say!) … Continue reading
Why the “Delfas principles” will get DC back on its feet.
We’ve had lists of guidelines from the Regulator before but the 5 principles to support better retirement decisions are quite new. To summarise, they require A “consumer”duty on a pension provider to take responsibility for how savings are spent Fresh … Continue reading
TPR finally finds its feet on DC pensions
I reported yesterday on the excellent PPI report on how countries around the world are getting on turning DC pots to pensions. (summary, not very well – especially the USA). I’ve also written this week on the widening gap between … Continue reading
What do you want in the King’s Speech Pension Bill?
Note to Steve (where’s the diversity?) I’ve no idea what that crazy cat Steve Goddard has got planned for Pension PlayPen’s Coffee morning next Tuesday, but I seem to be a part of it. What do I want? Better … Continue reading
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Tagged Bill, Con Keating, Kings Speech, Padraig Flloyd, pension playpen, Tom McPhail
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