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Tag Archives: BOE
Mortgages under threat like in 2008?
British banks are increasingly pledging higher-risk assets such as loans linked to high-interest store cards and vehicle leases as collateral at the Bank of England, a Reuters review of BoE filings shows. This explanation comes from Reuters, a team who … Continue reading
Demand from long-dated gilts from pensions is drying up.
This Friday blockbuster from Daire MacFadden and Ian Smith in London, dominates the digital front page of the FT. We in pensions know why we don’t need so many long term gilts. It’s partly that the liabilities of DB schemes decrease as … Continue reading
Mandation – you ain’t seen nothing yet! Andy Haldane- for Andy Burnham?
You heard it first from Ros Altmann and Sharon Bowles in the House of Lords. Now it’s been passed to Andy Haldane who’s close to Andy Burnham as an “adviser”. What’s he planning for Britain via the HMRC and whoever … Continue reading
Posted in pensions
Tagged Andy Burnham, Andy Haldane, BOE, Mandation, Pensions, tax relief, Taxation
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The Bank of England fails to invest any of its £3.5bn staff pension for UK growth
This is a comment from my recent blog on the BOE and PRA’s open criticism of the DWP’s arguments for CDC. The most important criticism of the BoE pension fund is that it is not aligned with the government’s growth … Continue reading
BOE “expert” scorns his Government’s CDC reform; should we have pensions like his?
I woke on a Saturday morning to this comment from someone who works at the Bank of England. It was in response to my congratulatory blog that Mercer finally have a lead consultant to promote CDC. You can read … Continue reading
We are planning for pensions to fail and that is not a way for Britain to grow,
This appears in Mary McDougall’s timeline for her recent posting, I guess it was two months ago that this snippet appeared and I missed it but it seems rather more important since the Aberdeen/Stagecoach Pension deal. There is a future … Continue reading
Not that much “reassurance” about shifting my pension to an insurer.
I am not surprised that , ahead of publishing the numbers of the 11 insurers n the UK annuity market, the PRA has reassured us that none are currently in trouble or likely to be trouble from the risks we … Continue reading
Pensioners- most at risk – have no idea what’s going on.
I have blogged on this speech recently and it’s good to see a UK insurer (M&G) putting clear blue water between us and Bermuda (pun intended). I am not sure whether any of my readers is in the process of … Continue reading
Why is Brookfield’s purchase of Just getting so much attention?
I look at the stats on my blogs at the end of the working week. This week’s were strange; the two blogs on Brookfield taking over Just had twice the reads of any other. I thought it might be of … Continue reading
Posted in pensions
Tagged BOE, Brookfield, ft, Just, Pensions, PIC, PRA, Rachel Reeves, Treasury
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How will deals get done / how will pensions be well run?
Whether we are talking about the macro management of the economy or the micro management of people’s finances things are grinding to a halt. The long-maturity auction is being delayed a quarter, this hurts buy-ins, buy-outs , take-overs of pension … Continue reading