Monthly Archives: July 2025

Andrew Smithers on Tangible and Intangible assets

Posted on July 3, 2025 by henry tapper

I have received this message together with a paper This recently published paper tests the validity of changes made in the calculation of US national accounts, most importantly BEA’s revisions No.s 11 and 14, and concludes that they were a mistake … Continue reading →

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Is “Pensions UK” really “Pots UK” – the challenge of the blog!

Posted on July 3, 2025 by henry tapper

At an hour when the Chancellor was in tears over paying for welfare , the PLSA announced it was no longer the PLSA but Pensions UK. At least they were adjacent items on my phone as I came back to … Continue reading →

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Managing wealth and paying pensions are DIFFERENT! Altus and IA!

Posted on July 3, 2025 by henry tapper

There were two meetings in London yesterday, one organised by the Investment Association (wealth) and one organised by Altus/Accenture (pensions). I went to Altus and can report it, the FT went to the IA and have reported it. Wealth Emma … Continue reading →

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CDC for staff in social housing – First Actuarial’s Derek Benstead

Posted on July 2, 2025 by henry tapper

I think any work done by First Actuarial under Derek Benstead is readable. Here are thoughts published this week It comes with a note from Derek himself Since First Actuarial helped establish Collective Defined Contribution (CDC) pensions in the UK, … Continue reading →

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Clacher. Keating ,Kay and CISI on the Mansion House Accord

Posted on July 2, 2025 by henry tapper

The CISI are running an event.  Fans of Professor Sir John Kay are in for a treat on 15 July at the stunning Merchant Taylors’ Hall in the City of London. I went to the Merchant Taylors’ Hall for the … Continue reading →

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Undisputable but a little lame – IFS call pensions “unfair”.

Posted on July 2, 2025 by henry tapper

I cannot get very excited by the results of two years work between IFS and “Abrdn” (thought that was Aberdeen once more?). It addresses the fairness of the pension system and finds that if you work in the private sector … Continue reading →

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A statement from the University and College Union;- “conditional indexation at USS”

Posted on July 1, 2025 by henry tapper

By email    Henry Tapper        30 June 2026 Conditional Indexation at USS – A response to your Blog 26 June 2025 I write as one of the University & College Union members of the USS Stability Working … Continue reading →

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What impacts DC pensions today? Strong American assets and a weak dollar!

Posted on July 1, 2025 by henry tapper

Every day I read Robert Armstrong’s early morning email to readers interested in US markets, every so often I find one that matters to me as a UK saver for my pension. This one matters because it reminds me that … Continue reading →

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Targeted support that I support; the FCA paper!

Posted on July 1, 2025 by henry tapper

This is the document put out by the FCA yesterday. It’s support that I support. cp25-17.pdf FCA target support document download from Henry Tapper I’m not going to be able to do 251 pages of research due respect but will … Continue reading →

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Let’s get Sid back holding British shares again!

Posted on July 1, 2025 by henry tapper

What a lot of rot! It’s wake up and smell the country’s industrial failure due to lack of investment. Unfortunately we have the lawyers at work to undermine a perfectly sensible future law requiring mega funds to get stuck into … Continue reading →

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