When only 8 to 15 mega-trusts dominate the entire defined contribution (DC) and LGPS landscape, peer-group risk may override manager…
This is clearly a serious story about institutional accountability, bankruptcy and the treatment of former employees. But, although the immediate…
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…
Monthly Archives: October 2024
Pensions’ national wealth fund – the PPF
The Pension Protection Fund is a national treasure. Sponsored by the levies of over 5,000 hard pressed employers, it has now built up a notional surplus of £13.2bn in reserves needed to meet the near £19bn of pensions it is … Continue reading
“No pensions – no planes” at Boeing.
It has been a long time since we saw a pension strike in the UK. Royal Mail is the obvious example and that was nearly seven years ago. The Sunday Times is not slow to make the link between the … Continue reading
Trump is very likely to win – the market doesn’t care,
Like many liberals, I favor Kamala Harris over Donald Trump as a person. I do not have to go into the details of why. My token £1 stake was made at a time when Harris was favorite to win- returning … Continue reading
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Is Gallagher’s buying Redington “catastrophic”?
Is the pension consultancy Redington being bought for its pension expertise or for its capacity to model risk- specifically climate risk? The insurance market reckons that despite its acquisition of Buck for £543m and AHC in 2019, Gallagher’s core business … Continue reading
Hands off my pension! – Joe public has spoken
Pensions are the least vaunted candidates for tax rises in the October 30th budget. Though, as we come on to later, taxing large pensions (pension wealth) is quite alright. This is an extraordinary chart , put together for Dan … Continue reading
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Reassure IGC report – worthy help to the orphaned policyholder
Reassure has over the years been the dumping ground for some of Britain’s worst unit-linked pension schemes. Back in the day I used to sell policies for General Portfolio. If you had or have one of these , these … Continue reading
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David Hare’s final report as Phoenix IGC chair – says “could do better”
I have three IGC reports to review from the Phoenix Group. Each has two versions and IGC Chair David Hare has kindly sent me links to al six reports. Standard Life – 2023 Full Report Standard Life – 2023 Summary … Continue reading
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BP show a shameful lack of pension leadership.
There are a handful of British companies that carry our name. They stand for what we used to call the best of British in the corporate place. Among these “British ” Petroleum stands high, it is not- like Shell , … Continue reading
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Tagged BP, British Petroleum, Business, Business and Economy, corporate governance, corporate risk, pension, Pension Regulator, Pensions, Retirement
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Standard Life’s white paper on pensions.
Standard Life have published a policy paper which deserves attention, I will give it more attention over the weekend but , having read it once, it strikes me that it is almost impossible for an organisation as large as Standard … Continue reading
Scottish teachers' pay increases, such as the recent multi-year agreement negotiated via the Scottish Negotiating Committee for Teachers (SNCT) covering…