Tag Archives: BOE
Waking up to systemic risk signalled by the LDI crisis.
It’s estimated that the “leverage” or borrowing within LDI inflated the exposure of UK pensions to long dated and index linked gilts by £1tr (£500bn became £1.5 trillion through the use of shadow banking). These numbers are so huge that … Continue reading
In the eye of the storm
Over the past few days, while the Bank of England intervention in the Long Dated Gilts “Repo” market has been in operation, there has been an insidious increase in the long dated gilt yield. I have been quoting previously the … Continue reading
If LDI pooled funds collapse – what would follow ?
To understand how pooled LDI funds work, listen and watch this excellent video which explains the rewards and the risks of LDI pooled funds. Please watch it to understand the way that LDI works within a pooled fund. Thought I’d … Continue reading
Private markets – a jewel in the crown or fool’s gold?
A key aim for DC trustees should be to consider how to ‘further improve’ long term future net risk adjusted returns and ‘member outcomes’ rather than just cutting costs. Getting more for members! @GuyOpperman @DWP @TPRgovuk @TheFCA @ThePLSA @bankofengland @henryhtapper … Continue reading
Posted in age wage, DWP, Fiduciary Management, Guidance, guy opperman
Tagged AgeWage, BOE, chris sier, Con Keating, Darren Agomber, fools gold, jewel in the crown, Productive Finance, ruston smith
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A roadmap that would fundamentally change the way our money is invested
The publication of the Productive Finance Group’s A roadmap for increasing productive finance investment paves the way for Long Term Asset Funds to be integrated in the default investment strategies of our major workplace pensions. Clearly the Government has got … Continue reading
“Asleep at the wheel” The Millers catalogue our regulatory woes.
Campaigner Gina Miller is asking for an Independent Review of the Appointment of the Next Governor of the Bank of England and the FCA in the Face of a Catalogue of Regulatory Failures Leading to Catastrophic Consumer Detriment The True … Continue reading
Posted in FCA, Financial Conduct Authority, pensions
Tagged Alan Miller, BOE, FCA, Gina Miller, HBOS, Lloyds Banking Group, pensions, regualtion
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Pension fury from Paul Lewis
It’s worth subscribing to Paul Lewis’ weekly Moneybox blog, delivered to your inbox on a Friday afternoon. This week’s mail addresses a central unfairness; those laying down the law on pensions are sorted , those they tell to “engage” – face “glacial” innovation from … Continue reading
Posted in pensions
Tagged Andy Haldane, Aviva, BOE, Business, Glacial, high charges, Paul Lewis, Pension Awareness Week, Pension Dashboard, Pension Geeks, pensions, progress, Providers, Retirement
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What do we mean by Independent Financial Education?
This is an article that my firm First Actuarial have been sending to their clients. It’s so clear and simple, I thought I’d share it. Of course we’ll be sending it to Andy Haldane at the Bank of England! What … Continue reading
Rebuilding the social capital of pensions.
I’ve been reading Andy Haldane’s recent speech and kick off with this one statement among many good insights. “A plausible objective of public policy..is not to maximise trust among consumers of financial services but to maximise trustworthiness among its … Continue reading
Posted in pensions
Tagged Andy Haldane, Bank of England, Banking, BOE, Financial services, pension playpen, pensions, social capital, social identity, social purpose, trust
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Why bother to save? – Invest instead!
What this policy is about is getting people to invest in real assets for the best interests in society Continue reading
Posted in annuity, auto-enrolment, Bankers, Change, club pension, Management, Mark Carney, pensions, social media, workplace pensions
Tagged BOE, Business, Business and Economy, Defined benefit pension plan, Employment, Fiscal, Government, Human Resources, Inflation, Insurance, interest, Mark Carney, monetary, National Employment Savings Trust, pension, rates, Retirement
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