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: February 2026
Governing Administration in a Consolidated Market – KGC
This is a most thought out post and article. It is the first in what we are promised is a series, I look forward. If this is what being part of IGG means for KGC Associates, then this consolidation that will … Continue reading
Why pensioners aren’t giving up work (or paying much tax)
This is an extraordinary story about what is happening to people of my age (64). We aren’t giving up and we’re looking at double bubble fiscal fun when we reach our state pension age. What Helena Kelly has got to … Continue reading
Dividends and “the return nobody got” – Paul McCaffrey
The CFA has produced an excellent paper; you can download it here. Long-run stock returns look extraordinary, yet few investors became rich. This brief explains why dividend reinvestment assumptions overstate historical equity returns, reframing the equity risk premium as “the … Continue reading
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LTAFs? “Do not be short oh investment trusts” says a shrewdy (or two)!
Here’s the voice of a senior peer from the House of Lords. Here’s the voice of our stock market Here’s one voice from the counties Here’s the voice of the Research and Content Director at The Association of … Continue reading
USS pension performance under the Clacher and Keating microscope.
Some unlucky stocks picked? Private – does that mean opaque rather than transparent? Is this delivering value for money? Con Keating doesn’t think so The rosy funding statements are based on accounting and actuary reporting Which is why poor investment … Continue reading
Do we need a pot of £800K or a pension of £40k?
The Times report research and the researchers debate whether retirement is realistic. The reality is that most people do retire and find a way, but it’s not always thanks to the financial services industry. Here’s the Times article Many workers … Continue reading
Scottish Widows’ DC counter to the CDC challenge.
There is no doubt that the Scottish Widows Master Trust is here to say. It will pick up the Lloyds Banking Group’s DC scheme (Your tomorrow) which will make the Master Trust a £1o bn scheme by 2030 (and well … Continue reading
Empower people to manage complexity or make pensions simple?
A large number of those who retire in the UK do so reliant on public unfunded pensions. Many will have the majority of their state pension from the state pension or from DB pensions from the private sector including … Continue reading
Civil Service Pensions in MELTDOWN; lessons for the private sector.
Yesterday I reported on Richard Smith’s complaint that some life companies write about people either having DC pots or DB pensions, something which is not the case as the dashboard will reveal. We all have state pensions which will pay … Continue reading
Scottish teachers' pay increases, such as the recent multi-year agreement negotiated via the Scottish Negotiating Committee for Teachers (SNCT) covering…