Monthly Archives: September 2024

What’s doable and what’s not. Pension’s Overton Window.

  The Overton Window is a creation of economists in the 1990s to describe the possible in policy. It is time dependent and is more than “thinking the unthinkable”, it’s “doing the doable”. Frank Field thought the unthinkable but Blair … Continue reading

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Pension taxation on inheritance, cash and employer NICs – say IFS

The Pensions Review Raising revenue from reforms to pensions taxation Stuart Adam Isaac Delestre Carl Emmerson Helen Miller David Sturrock This article appears on the IFS website Published on 11 September 2024, you can read the original here How should … Continue reading

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Scale improves VFM but not a pension’s capacity to invest long-term

I’ve had an intriguing question from a friend, perhaps prompted by my recently published submission. What proportion of PSH assets would be in Private Equity or infrastructure? To what extent would the latter vary at different amounts of AUM? Private … Continue reading

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The Government’s “overwhelming questions” answered

Open Government = Open submissions The Pensions Investment Review team has sent me AgeWage and Pension PlayPen’s  submission to its review and I’m happy to share it here. In the past HM Treasury have got arsey with me sharing publicly … Continue reading

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“Human error is natural – we’re not robots”

I love my team and its marketing people all the more for its response to the BBC over the misspelling on its merchandising Human error is natural – we’re not robots Thankfully, Huish Park appears to have been a bot-free … Continue reading

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The strategic pension consultancy the trustees built

If you are a trustee , you don’t need to look outside the tent to get help with your pension strategy. Independent Governance Group (IGG) has launched its Strategic Pension Solutions Centre of Excellence. It is effectively a resource for … Continue reading

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Andre Kerr- “can liquid pension schemes handle illiquids?”

It’s a good week to be thinking about illiquids. Many of us are beavering away providing evidence (for and against) , the Government’s plans to increase DC pension schemes exposure to illiquids. Nigel Wilson has just published  CMIT’s “Capital Markets … Continue reading

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CDC – should the TAX-PAYER pay?

  Yesterday, as I was walking out the door to the house of actuaries, I wrote down my expectations of the two hour meeting ahead of me. I called it “CDC- who pays?” because I’m interested in who is funding … Continue reading

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CDC update – who pays.

This morning I’m off up the road to the Institute and Faculty of Actuaries who are hosting another session on CDC. What’s happened since we last heard about CDC? Royal Mail has announced it will be launching its new Collective … Continue reading

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Comparing the asset allocation of global pension systems

William Wright and James Thornhill   – September 2024 Analysis of investment in domestic equities and of home bias by pension funds in the UK and around the world This report highlights that UK pension funds have a significantly lower absolute … Continue reading

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