Here's another way for a pension fund to get in the soup. https://bayourenaissanceman.blogspot.com/2026/09/the-catholic-clergy-sex-abuse-scandal.html
I had earlier today read a medical research article reporting on a Japanese study that found that “supercentenarians” — those…
The simple truth is that the pension system is very good at taking your money, and may or may not…
That is a good point about the ordinary person/voter due to being too poor to get interested in political donations.…
Monthly Archives: April 2024
One word for schools, one word for pension schemes
The single word Ofsted judgment The public loves it, education hates it, the one word that describes the state of the school our children go to, is how we measure education matters in a busy world. The system of one-word … Continue reading
Michelle Ostermann – the PPF’s new CEO
Here is how the PPF’s new CEO , Michelle Ostermann introduces herself on Linked in. I have over 30 years of pension investment and senior leadership experience. I am currently the CEO of the Pension Protection Fund and Chair of … Continue reading
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Tagged Business, Financial services, Government, Michelle Ostermann, Pensions, ppf, Retirement
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At the graveyard gate; TPR’s DB funding statement
The Pensions Regulator has published an annual DB funding statement that is their snapshot of the state of funding of the 5000 or so remaining schemes in the PPF 7800. Buy-out is going well, consolidation not so, but the general … Continue reading
Frank Field is dead
Frank Field has died and our world is the poorer for it. We have known of his illness for a long time, but that doesn’t soften the loss. Only yesterday we remembered his work on behalf of the misadvised … Continue reading
TPT hint at better times ahead for those wishing to spend their pension savings
Well done the Pensions Trust which continues to explore the mismatch between what people want at retirement and what they get. This from Professional Pensions. Only one third (35%) of pension savers say they are confident in making retirement decisions, … Continue reading
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Paint my bandwagon
There are some consultants who see the funding of DB pensions as a mercurial science where schemes can be magically elevated from zero to hero at the click of a chancellor’s mouse. For them the gilt rate determines pension funding … Continue reading
Pension PlayPen says “Don’t give magnets to bad people”- Mr Webb!
Steve Webb’s presentation to Pension PlayPen was both fun and fierce. You can see it play out in this video. I hope those who were not at the event will take the chance. There are four distinct camps emerging The … Continue reading
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The menace of BRITE to our pensions
A few months ago , I started an article on Brite Advisors, a firm that was becoming notorious for losing people money. I stopped writing the article but I didn’t forget about Brite. A few days ago, my correspondent in … Continue reading
Magnetic pots or pots for life? The face-off’s at 10.30 this morning
It’s being billed – “the battle of the Steves”. There are two visions for workplace pensions out there and this morning’s Pension PlayPen will see Steve Webb and Groves’ clash. Steve Webb argues for continuity and for employer chosen … Continue reading
FCA offers steelworkers £150 compensation for their loss of redress
It has been six years and four months since Frank Field wrote this letter to Megan Butler at the FCA. Following evidence on the British Steel Pension Scheme (BSPS) in Parliament in November , the Work and Pensions Committee wrote … Continue reading
This is clearly a serious story about institutional accountability, bankruptcy and the treatment of former employees. But, although the immediate…