Tag Archives: Aberdeen

22,000 people who worked for bus company Stagecoach got a good deal

Posted on September 23, 2026 by henry tapper

This was a job well done and PWC can pat themselves on their own back. The final shout out must go to the Trustees and  who orchestrated the deal. Continue reading →

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Why the Aberdeen-Stagecoach Transaction Does Not Threaten Bulk Annuities – Gordon Aitken

Posted on July 18, 2026 by henry tapper

A Different Direction: Why the Aberdeen-Stagecoach Transaction Does Not Threaten Bulk Annuities Understanding the mechanics behind the deal and why it does not change the endgame landscape Gordon Aitken Dec 10, 2025 Note: These are my personal views and do … Continue reading →

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Pensioners look on as insurers gloat.

Posted on April 12, 2026 by henry tapper

There is something wrong about this. Insurers should not gloat that they will be investing what is currently our pension fund money. The insurance companies expect £550bn of our money to insure and reinsure promises already secured in pension schemes.  … Continue reading →

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Insights into a pensions sponsor substitution transaction – watch Aberdeen, Stagecoach Trustees with PWC

Posted on February 22, 2026 by henry tapper

Iain Pearce is a smart consultant, Nick Chard a professional trustee and Rob Andrew an actuary who manages pensions at Aberdeen.  Together they did a great job for the Stagecoach Pensioners. I’m pleased he is making sure the story of … Continue reading →

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“Run on Shared Ambition” – the answer for Stagecoach pension and Aberdeen’s sponsorship.

Posted on February 4, 2026 by henry tapper

What a way we have come from early in 2025 when I last heard John Hamilton speak. John Hamilton’s talk to the M&G Investment Conference Trustees brought an intensity to this event that overcame the usual self-interest. If you want … Continue reading →

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Revival of pension investment as pension buyout deals slow.

Posted on January 26, 2026 by henry tapper

The FT kick off the week reporting something that you’ve been reading on this blog and in the pension trade press, the flow of pensions to insurance annuities is slowing as the size of buy-ins and buy-outs slows. Thanks Mary … Continue reading →

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The Missing Voices of pensions!

Posted on January 13, 2026 by henry tapper

There are two voices among trustees that provide a fascinating contrast. John Hamilton (not a professional but a chair of trustees)  is calling for trustees and employers to pay more attention to the implications of decisions on “end game” while … Continue reading →

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Stagecoach’s Pension’s heritage simplified – in less than 2 minutes

Posted on December 21, 2025 by henry tapper

There are parts of a weekend when you’re finding yourself wanting to hear someone talking at you. I start this blog with a five year old news item linking Stagecoach with Aberdeen and will revert to the heritage of the … Continue reading →

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Why are there still 4,838 DB schemes and what will happen in 2026?

Posted on December 20, 2025 by henry tapper

Thanks to the Pension Protection Fund for using its data gathering prowess to keep those of us working in and commentating on pensions, armed with the right information. It’s the latest stuff from the Purple Book and it shows just … Continue reading →

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Innovators ; so much for yesterday – what of tomorrow?

Posted on December 17, 2025 by henry tapper

I have reprinted the links to the video and slides from John Hamilton’s presentation yesterday. It is a mark of the interest the Stagecoach/Aberdeen (SASA) deal has had that the blogs surrounding John Hamilton’s appearance have had enormous interest. But … Continue reading →

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