I have no brief from Nest , IFM or Border to Coast to promote this report, but what they are doing is worth publicity. It is a worthy document for this blog if not the Pensions UK Annual Conference!
I can think of worse ways to kick off the Conference than to read this report as you go up on the train to Liverpool.
There is no one to talk on this from any of these colossal pension schemes so I will have to do it in my embarrassed way. I am embarrassed that my trade association cannot work with those who are showing the way and instead focus on those who pay to sponsor their own products.
A report of great importance to pensions, the economy and to our retirement income.
I hope that the forward will encourage you to read the 40 page retirement. I read it last night and it will be my “Conference Agenda replacement” for me today .
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Yawn.
Yet another survey of a small
sample of pension scheme members, 40 pages in length.
I wish instead they’d tell us how they earned returns for members, not merely what their money helped finance.
Show what you paid, who pays you, what came back after fees, what went wrong, and why buying at today’s prices should still work.
Then tell us about the wider benefits, if you must.
There are just three examples (Nest’s Hornsea 1, Border to Coast’s Cambridge rental housing, and PIC’s Miller’s Quay financing) in the report.
Miller’s Quay comes closest to explaining an actual cash flow mechanism; the others mainly describe capital committed and physical or social outputs.
None of these case studies supplies enough information to judge investment performance or prospective value.