Category Archives: pensions

Herding is always a risk – like the tuna in the paddling pool

Posted on February 1, 2023 by henry tapper

  Toby Nangle’s analogy of DB pension funds as a great big tuna fish thrashing around in a paddling pool is an odd one. It’s even odder when a the Bank Of England refers to it as a consequence of … Continue reading →

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Do speculative opinions of future value have a place in VFM statements?

Posted on February 1, 2023 by henry tapper

Jo Cumbo’s post deserves a proper answer Looking for comments on the Government’s proposals to allow #pension providers to use estimates of future investment performance, in their new value-for-money assessment. To be clear, this is about the provider estimating returns … Continue reading →

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Why is ESG excluded from the VFM Framework?

Posted on February 1, 2023 by henry tapper

  The Government’s new Value for Money Framework is aimed at helping trustees, employers and savers make good choices about their DC plans. We have assumed that one of the choices good citizens should be making, is around the way … Continue reading →

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Receiving value for your money – the DWP gets it 95% right.

Posted on January 31, 2023 by henry tapper

Insight one “money” is not – “costs and charges ” but “contributions” There came a  moment , as I was reading the DWP’s Value for Money Consultation that you realised that something has changed. For me that moment wasn’t this … Continue reading →

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Bigger pensions for smaller savers – Trotting out reform

Posted on January 31, 2023 by henry tapper

Yesterday was billed as a major shake up of DC pension provision in the UK. Whether it turns out that way will depend on the capacity of those providing pensions to embrace the reforms in a positive way and to … Continue reading →

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Farewell Sir Nigel – a force for good at L&G (and wider).

Posted on January 30, 2023 by henry tapper

Sir Nigel Wilson has announced he plans to step down as Group CEO of L&G Wilson joined Legal & General Group in 2009 as Chief Financial Officer and was appointed Chief Executive in 2012. Shareholder value Since joining , the … Continue reading →

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PIRC tells WPC – LDI crisis a product of poor accounting standards

Posted on January 30, 2023 by henry tapper

    This blog is a transcription of the submission of Pensions & Investment Research Consultants Ltd (PIRC) to the Work and Pension Committee’s inquiry Defined benefit pensions with Liability Driven Investments 1              Summary Problems with the accounting standards which have led to … Continue reading →

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Pensions – what really matters!

Posted on January 30, 2023 by henry tapper

Today could be a big day for the way we organise our workplace pension system with the DWP’s Laura Trott launching a package of reforms at the PLSA early this afternoon. I will be there and hope to learn how … Continue reading →

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Tom Verlaine – the guitarist who played an orgasm

Posted on January 29, 2023 by henry tapper

Tom Verlaine has died at the young age of 73. He wrote one of the great songs of the 20th Century- Marquee Moon, which I bought off a school friend when I was 15. To a young lad in his … Continue reading →

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So how’s DC consolidation actually going?

Posted on January 29, 2023 by henry tapper

  The Pensions Regulator has published its 2022 to 202 DC trust: scheme return data  The two key images are the chart and table below. They talk to the consistent picture we have seen since this research and analysis began … Continue reading →

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