Arun
Arun Muralidhar will be talking with us on Tuesday (10th June) and if you want to be part of the Pension PlayPen – read on.
I spent a good after-lunch drinking tea with this man who is too little known in the UK but rather better known in Brazil where he’s designed a pension system that works. He has a history as an economist but a future as an exponent of good ideas for people who don’t have good pensions.
Here is what is said in the Roadmap (p13. section 27)
Given the clear industry leadership on increasing investment in private assets,
including in the UK, the government is prioritising supporting this work rather than
mandating it. It is however important to be certain that meaningful change in
pension schemes’ investment in productive investments takes place, and the
industry has been clear that there is a risk of a collective action problem that can
prevent them delivering the best possible returns to savers.
To that end the government has included a power in the Pension Schemes Bill before Parliament to enable it to set mandatory investment targets for schemes, if, and only if,
industry change does not take place as envisaged by the Mansion House Accord.
This power will be a “last resort” power, with clear safeguards to protect savers’
interests.
I hope you can join us. I will be asking him about his recent conversations with the DWP about filling in holes which the Pension Bill’s “Roadmap” don’t reach. We discussed in our talk the Brazilian system and whether it can be adapted to fill in holes in our road.
And Arun wants to discuss with Steve why he’s against the main thrust of the economic aspects of Mansion House. Goodness knows how the two of them will manage this monster and include a discussion on Crypto but that’s what the advert promises!
Steve has asked that if you aren’t a Pension PlayPen member you consider paying for these events by using this link
If you would prefer, you can sign up as a Pension PlayPen member. If you want to come and don’t want to pay, you can use this link which is free.
