Author Archives: henry tapper

About henry tapper

Founder of the Pension PlayPen,, partner of Stella, father of Olly . I am the Pension Plowman

Where will you be next Tuesday afternoon?

I’ll be online at the Accelerating DB endgame between 13.50 and 17.50 and here’s why. To me, the attraction of events like this is that they give you the chance to ask questions of people who are genuinely in a … Continue reading

Posted in pensions | Leave a comment

The dangers of gerontocracy – the advantages of retirement.

We all say things we shouldn’t and live to regret it. Many young people will have to live with their social media posts for decades to come (like digital tattoos). But it’s seldom recognised that older people are also more … Continue reading

Posted in pensions | Tagged , , | 1 Comment

How LDI turned small DB schemes into “vulnerable customers”.

  This blog provides new information to those who are under the impression that leveraged LDI was only used by large pension schemes. It also looks at the guidance that TPR is issuing to all schemes using LDI – showing … Continue reading

Posted in pensions | Leave a comment

Is LDI fundamentally unsuitable to small DB schemes?

  Evan Guppy runs a multi-billion pound leveraged LDI program for the Pension Protection Fund. The collateral calls it met over the September/October crisis involved posting £1.5bn in cash and gilts For the first time before during or after the … Continue reading

Posted in pensions | Tagged , , , | 3 Comments

Another way to LDI – how the PPF’s approach has fared in 2022.

While the pensions industry continues to live under the pall of the LDI blow-up, the PPF have confidently explained how they have managed the problems that arose from the spike in gilt yields in September. Speaking to me at a … Continue reading

Posted in pensions | Tagged , , , , | Leave a comment

Find out how the PPF used LDI as part of its pension strategy – TODAY 10.30-FREE

I think this will be a really excellent discussion. Register or log in to http://www.pensionplaypen.com to attend. (events)

Posted in pensions | Tagged , , , | Leave a comment

Why steelworker’s compo is set to fall by £15,000

The FCA has published its proposed redress scheme for steelworkers but it looks like the compensation will cost £49m rather than the estimated £71m earlier this year. The new compensation levels are now estimated to average  £45,000 (down from £60,000)  … Continue reading

Posted in pensions | Tagged , , , , , | 1 Comment

Football should lose the “fear of losing”

Watching Belgium lose yesterday to Morocco was a depressing experience. The world’s #2 ranked team played as if the worries of the world were being carried on their backs and they lost, as the headline says “without passion” When asked … Continue reading

Posted in pensions | Tagged , , , , , | 1 Comment

“IF I was a Director “… how Nest can overhaul itself.

  Nest is recruiting three non-executive directors to increase the diversity of its Board. This is an opportunity, 12 years in, for Nest to ask fundamental questions about how it can move itself and auto-enrolment along. Diversity of outlook I … Continue reading

Posted in pensions | Tagged , , , | Leave a comment

Judging the net zero pledges of workplace pensions

Competition between workplace pension providers has been a great boon to the 11 million new savers who have payroll contributions being made towards a retirement pot. The vast majority of the retirement pots being built up are likely to see … Continue reading

Posted in pensions | Tagged , , , , , | Leave a comment