Category Archives: Pensions Regulator

Reappointed Pensions Minister tweets his agenda

Posted on September 20, 2021 by henry tapper

Guy Opperman has been confirmed as Pension Minister following the recent reshuffle. This is a good thing for pensions. It should mean that he becomes the longest serving Pensions Minister this century and that his reform plans can be seen … Continue reading →

Posted in advice gap, age wage, Pension Freedoms, pension playpen, pensions, Pensions Regulator | Leave a comment

The Regulator’s not for turning; in conversation with David Fairs,

Posted on November 23, 2020 by henry tapper

  David Fairs and I were born within a couple of months and have both spent our careers in pensions. We enjoy each other’s company so when David suggested that we spent the last 90 minutes of the business week … Continue reading →

Posted in age wage, Blogging, pensions, Pensions Regulator, Politics, Public sector pensions | Tagged , , , | 2 Comments

“Shape up or shape out” – DWP give small DC schemes one year’s notice

Posted on September 13, 2020 by henry tapper

   It is not acceptable for savers to be enrolled in arrangements that do not deliver value in terms of costs, investment returns or secure and resilient governance. Government would expect trustees acting in the best interests of their members … Continue reading →

Posted in advice gap, age wage, DWP, pensions, Pensions Regulator | Tagged , , , , , , | 1 Comment

Philip Bennett’s DB funding code response

Posted on September 4, 2020 by henry tapper

Given that the future is unknowable (and particularly over very long time horizons), it is  poor regulation to encourage all DB Schemes to adopt similar investment strategies (herding). Continue reading →

Posted in advice gap, age wage, pensions, Pensions Regulator | Tagged , , , , | 4 Comments

Ros Altmann’s response to TPR’s DB funding code consultation.

Posted on September 3, 2020 by henry tapper

I have asked for responses to the Pension Regulator’s consultation questions and Ros Altmann has obliged. As a member of the House of Lords and former Pension Minister, I hope Ros’ replies will be of particular interest Continue reading →

Posted in accountants, actuaries, pensions, Pensions Regulator | Tagged , , , , , , | 1 Comment

A call for DB consultation responses

Posted on September 2, 2020 by henry tapper

If you wish your response to the consultation to be in the public domain and part of the ongoing debate following today’s closure, please send me it in word to henry@agewage.com Continue reading →

Posted in pensions, Pensions Regulator | 1 Comment

The Killing of Open Schemes – Michael Bromwich

Posted on August 5, 2020 by henry tapper

  Michael Bromwich has been the CIMA Professor of Financial Accounting  at the  LSE since October 1985  . He is the co-author of “Management accounting in a digital and global economy” and one of Britain’s authorities on the subject. His … Continue reading →

Posted in Bankers, pensions, Pensions Regulator | Tagged , , , , , , , | 3 Comments

“The way we were” – DWP AE Evaluation

Posted on May 13, 2020 by henry tapper

In normal times, the publication of a major Government review of auto-enrolment would be newsworthy. Apart from a series of mentions by Jo Cumbo, I have seen no publicity for it – from the DWP or their press office or … Continue reading →

Posted in age wage, DWP, pensions, Pensions Regulator, Retirement | Tagged , , , , , | Leave a comment

Powers during wartime- tPR and funding.

Posted on May 11, 2020 by henry tapper

  Jo Cumbo has written a fine piece in the FT’s Pension Expert .  She is sympathetic to the Pension Regulator’s current dilemma and supportive of its position over deficit holidays. To be exact, Jo is supporting the balanced position … Continue reading →

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Is the PPF really suffering a “perfect storm”? I’m not so sure.

Posted on April 27, 2020 by henry tapper

I am struggling to understand this analysis of the potential bills facing corporates with DB schemes. It appears in the Sunday Times but I’m not sure it’s very helpful. Here’s the article Troubled companies face a threefold increase in bills … Continue reading →

Posted in actuaries, advice gap, age wage, pensions, Pensions Regulator | 1 Comment