Monthly Archives: July 2025

Conditional indexation at the USS – Dennis Leech

Posted on July 8, 2025 by henry tapper

The following article has been sent me by Professor Leech, Emeritus Professor of Economics at Warwick University. The blog is as submitted but I have been asked by the USS to point out that  at various points, Dennis describes (or … Continue reading →

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A refusal to give up – we have Pension Fortitude!

Posted on July 8, 2025 by henry tapper

  This blog’s good friend Jnamdoc has read the words of Tom Tugendhat in the FT and on this blog Here is his comment Welcome to the ball Mr Tugendhat, better late than never. De-risking provides a false sense of … Continue reading →

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Pension Schemes/ Long may you run – LCP’s Hodder – 10.30 today

Posted on July 8, 2025 by henry tapper

Coffee Morning – DB De-Risking Supertanker… is it starting to turn? LCP’s Steve Hodder investigates Tuesday, July 8⋅10:30 – 11:30am  Today You are cordially invited to attend today’s Coffee Morning with Steve Hodder, me and Steve Goddard. Steve Hodder will … Continue reading →

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Did the Tories write the Pension Schemes Bill – GO thinks so!

Posted on July 8, 2025 by henry tapper

There are no flies on Richard Smith, Opperman’s a dashboard man and promotable! # I am not sure how I feel about Guy Opperman as the dashboard dude, Richard Smith has earned that title…we’ll get to dashboards eventually but… But … Continue reading →

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Government manages pension finance, not Lloyds.

Posted on July 8, 2025 by henry tapper

These comments are made to the FT by Lloyds CEO Charlie Nunn , we did not choose Charlie Nunn to run anything, but his bank  has decided to do its own thing on pensions. Rachel Reeves, is our Finance Minister,I choose … Continue reading →

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Linked in’s golden days of bogus accounts; enjoy it while you can!

Posted on July 7, 2025 by henry tapper

Ian McKnight Ian is a friend and sometimes a colleague (we seem to have boards which I float in and out of!)  He is splendid when he writes and I wish I had more of this fiery stuff to dig … Continue reading →

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NI , Selfies, Sidecars – here are some questions on “adequacy”

Posted on July 7, 2025 by henry tapper

  I have some friends who have worked in Government, in the Treasury and DWP and who understand state first and second pensions better than me.  There are many in the private sector , such as Steve Groves, who are … Continue reading →

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De-risking pensions has been a war on the young for 20 years.

Posted on July 7, 2025 by henry tapper

Tom Tugendhat is acerbic He starts his opinion piece by explaining why he thinks pensions are one of two policies that exclude the young from prosperity (along with housing) Two bad policies in particular have influenced this trajectory. The first … Continue reading →

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Keeping options open on Conditional Indexation – Sarah C Joss on USS

Posted on July 6, 2025 by henry tapper

It’s good that UCU and USS members want to share their thoughts on changes to their pension scheme. Sarah is the second (after Dooley’s) Scholars from UCU who are in USS see the conditional indexation (CI) proposals very differently than … Continue reading →

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The Chancellor’s speech on the 15th – better info for Peers!

Posted on July 6, 2025 by henry tapper

A hint of change on 1st July? How many suppers does the Chancellor get a month? The last speech at the Mansion House was apparently on July 1st  but the next is is on 15th July! My suspicion is that … Continue reading →

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