Tag Archives: annuity

Can the LGPS please set out its funding position to ordinary tax-payers.

There is a row in Birmingham between some professors and the executive of Birmingham and it has been a matter for the Birmingham Post. I wrote about it earlier in the year and was sent the paper (which being in … Continue reading

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What’s happening to L&G’s shares matters to our pensions

On Friday, the FT brooked a story which at first site is a bit obscure, concerning Japanese and American businesses. Legal & General has brokered a deal to sell its US insurance business to Japan’s Meiji Yasuda for $2.3bn in … Continue reading

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Is People’s now a “fully agile internal manager” of our savings?

Toby Nangle is a good guy, he comes from the investment community and he’s trying to turn People’s Partnership and other savings organisations into the kind of investment houses that make for happy Chancellors. This report is from Pension Age … Continue reading

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Where should our £1.6tn be invested?

I want to know how pensions can be reorganised to meet the needs  of members, sponsors and the taxpayer whose money keeps Government going. Steve Hodder  Partner at Lane Clark & PeacockPartner at Lane Clark & Peacock The Government has … Continue reading

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Surpluses are ephemeral, beating targets should be fundamental

The surplus issue , like Mansion House speeches, does not open doors in the way that Pension Freedoms did to the retail “pension” market. I put pension in italics because George Osborne released retirement savings from the last link to … Continue reading

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Ten years on and the DB to DC transfer turns sour.

In 2016 I started writing about transferring pensions to wealth management firms including old fashioned personal pensions but mainly self invested personal pensions. There were some smart people arguing that taking a transfer value back then was good news personally … Continue reading

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Awkward surplus choices for top-job pension people!

There are a lot of people making noise about releasing pension scheme surpluses in funding. Here’s the actuaries saying something that pleases everybody. Actuaries like to think of themselves as an extension of the government and of course they have … Continue reading

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We’ve got a £1.6tr framework to make Britain Great again

  Oops , sorry about my plea for some morale support yesterday, I have slept properly and hope to agree a way forward today. I wondered for a brief moment whether I should pack it in! I mention this because … Continue reading

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Is Reeves condemning the “de-risking” of pensions?

There has been considerable  response to last night’s blog Field called our DB pensions “an economic miracle”….Reeves knows why. It explains how a speech including a call to reinvest pension surpluses in company and economic growth. It’s worth  reading and … Continue reading

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Jamie of Smart warms my walk home with hope!

The VFM pensions podcast has Jamie Fiveash , UK CEO of Smart Pensions as a guest this week. These podcasts are typically 80 minutes long, a bit like the Church service (though the Methodists offer no less!). This podcast occupied … Continue reading

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