Monthly Archives: February 2024
SJP’s share-price crash.
Yesterday was a bad day for SJP. At one stage its share price was down more than 30%. The company is in mourning for its co-founder who died this week. This is Kate Beioly’s report in her morning newsletter for … Continue reading
Pity the exhibitioner ( #PLSAinvest24 2.0)
“My boss tells me ‘deals are done at Tiger Lills’” , one young marketing executive told me ruefully at the PLSA investment dinner last night. The poor lad had been on his feet all day being nice to people … Continue reading
Final thoughts on the impact of the “LDI episode”.
An Analysis of the Pensions Regulator’s Review of impact on DB landscape following (the) LDI Episode: Part 4 This is the fourth, and last (for the time being), of our blogs concerned with TPR’s Report on LDI to Work and … Continue reading
#PLSAinvest24 – fighting talk.
I’m not sure how accessible the sessions we watched yesterday will be to the general public, nor how popular watching sessions is to those who are not in the hall. By the furious amount of phone tapping going on in … Continue reading
The Retirement Phase of DC pensions- what every Treasury should know!
Harry Chemay’s submission to the Australian Treasury is the best study of the problems facing retirees with DC benefits I have read. It is precisely the read I’d like to have if I worked for the Australian Treasury. This is … Continue reading
Time for trustees to “do a Sarah Breeden” – thoughts on the craze for secondary lending.
Deputy Governor of the Bank of England , Sarah Breeden is reported to be concerned Sarah Breeden has called for more research into non-bank lenders to stave off a “credit crunch” that could be triggered by a retreat of hedge … Continue reading
PLSA – give your delegates their sessions back !
This is my 20th year going to NAPF/PLSA conferences and during that time I have seen some pretty exciting debates. I remember one delegate , the Pension Manager of the MP’s scheme calling out the Chair of Stagecoach for homophobic … Continue reading
Leasehold and Freehold Reform Bill should be debated in Edinburgh as well as London
This week, the Leasehold and Freehold (Reform) Bill is being debated in Parliament. The leasehold system dates back hundreds of years – before women even had the right to own property – to a time of lords and landowners, peasants … Continue reading
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A Continuing Commentary on the Regulator’s LDI Report (Keating/Clacher)
TPR LDI Report A Continuing Commentary Part Three This is the third of our blogs commenting on TPR’s Report to Work and Pensions Committee on LDI. The previous blogs can be found here: LDI “episode” cost our pensions £166,000,000,000 … Continue reading
Why I am bound to play the fool at the PLSA conference
In days of yore, English courts would hire a “fool” , to prick the conscience of a king. Lear’s fool is a good example, Feste is the melancholic fool who haunt’s Ilyria in Twelfth night, pictured above is Bottom , … Continue reading