Monthly Archives: February 2024
Sunday Times launch their five point pension plan
The Sunday Times is putting forwards a five-point pension plan (my comments in italics). • Give savers the chance to top up ten years’ worth of national insurance contributions to boost state pensions Verdict ; yes please This preserves the … Continue reading
Surplus to requirements? BP’s $700m tax windfall
The FT has broken tbe story that $700m of the $3bn profits declared for the last three months of 2023 were attributable to a pension tax windfall. The $700m relates to 10% of the $7.9bn surplus in its DB … Continue reading
Hartleys in a jam – the future’s not Brite
SIPPS – due diligence needed When I was starting AgeWage, it was suggested that we could become a consolidation agent and own a SIPP which would be our way to monetise the service. I was introduced to several SIPP platforms … Continue reading
Keating and Clacher’s review of the DWP’s proposed Funding Regulations
A Brief Review of the DWP’s Impact Assessment of the proposed Occupational Pension Schemes Funding and Investment Strategy and Amendment Regulations The Impact Assessment is fifty pages long; much of which is concerned only with minutiae. However, the headline conclusion … Continue reading
From liner to lifeboat – how we sank the ship of fools
Review of impact on DB landscape following LDI Episode The 58 page report from TPR to parliament on the impact of the “LDI episode” , sparked a response from me , but also from readers who have been commenting. These … Continue reading
Even the police are getting ready for the pension dashboards
We often forget that many people’s pensions are paid by the taxpayer via an employer who we all know. These employers include the Army, Navy, Air-Force and the Police. We forget that these organisations have pension departments that look after … Continue reading
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What’s Edi Truell up to next?
The immediate answer to that question is “skiing in the Swiss Alps”, but I don’t expect that’s what you really want to know. If you want to hear it from his own mouth, you can join a call … Continue reading
DB pensions “evolved in size” – down £425bn in 2022
In her preface to the 58 page response given by TPR to parliament’s work and pensions committee, CEO Nausicaa Delfas says that the £425bn loss. a 24% value destruction , was an “evolution”. The “LDI episode” is credited as … Continue reading
Richard Smith – keeping the dashboard flame alight
Richard Smith’s enthusiasm for the dashboard project remains undiminished. More than anyone, he champions dashboards as part of the way we “do pensions”. He is a bridge between those who fear the commercial exploitation of dashboards and those who … Continue reading
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Is the idea of “green investment” really dead?
this time it’s actually happening: Labour will tomorrow ditch target to spend £28bn a year on green investment https://t.co/sPiNyuGnQ7 via @ft — Jim Pickard 🐋 (@PickardJE) February 7, 2024 I find the juxtaposition of these two headlines (one from today’s … Continue reading