Tag Archives: Bonds

Hunt’s right; tax should incentivise us savers to boost Britain.

Posted on September 24, 2023 by henry tapper

Cash ISAs are strange. They are supposed to encourage long term saving  but are used as a tax-shelter for higher rate tax-payers who have large amounts they do not want to invest – for the long-term. The Chancellor is now … Continue reading →

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Thames Water – do consumers take priority over bond and shareholders?

Posted on June 30, 2023 by henry tapper

This blog is about the competing interests for the long-term revenues of Thames Water. JP Morgan have furnished the FT with a chart showing who owns what at Thames Water. It shows USS owning 9.1% of the equity , though … Continue reading →

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Long term asset returns (a picture tells a thousand words)

Posted on April 4, 2023 by henry tapper

A picture tells a thousand words, my blogs are a thousand words long. So I’ll leave this one at that.

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Time for the FCA to review its DC lifestyle guidance ?

Posted on January 17, 2023 by henry tapper

Thanks to James Farr of Aviva for helping me out with the FCA’s most recent pronouncements on pension lifestyling. James and I worked together at Zurich some 20 years ago and it’s great to know compliance experts at a time … Continue reading →

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“How do we tell the children?” Our awkward problem over lifestyle.

Posted on January 16, 2023 by henry tapper

  For the purpose of this article – I will refer to some savers as our “children“, those under our care who have suffered loss while sleeping. They are the unwitting victims in the collapse in bond markets , including … Continue reading →

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Robert Armstrong concludes “ESG is still a mess”

Posted on December 6, 2022 by henry tapper

This blog is published this morning on Robert Armstrong’s “unhedged” feed. I’m republishing it because measuring the real impact of pensions on the sustainability of the planet is key in choosing a pension provider. I want to know how my … Continue reading →

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Has this crisis broken your pension pot (and can it be mended)?

Posted on October 9, 2022 by henry tapper

Ever the optimist, I kick off with an image of a pot that has been broken and becomes a thing of beauty. For many of us DC pension pot holders, this is devoutly to be hoped for. Though for some, … Continue reading →

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LDI – “Blood on the Tracks”

Posted on September 28, 2022 by henry tapper

Well, I wanna be your lover, babyI don’t wanna be your bossDon’t say I never warned youWhen your train gets lost Bob Dylan “It takes a lot to laugh, it takes a train to cry” This article is about the … Continue reading →

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Death by discount rates

Posted on July 24, 2020 by henry tapper

Q: When is a million dollars not a million dollars? A: When it is not yet a million dollars. The pensions business is all about the long term. Fund managers like me are responsible for ensuring we have sufficient funds … Continue reading →

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We do not restore confidence on our own – we do it together

Posted on November 27, 2017 by henry tapper

Today we see the launch of the Government’s new industrial strategy.  Five Live’s “Wake up to Money” program came from the white heat of a Coventry industrial research plant. Last week Nigel Wilson called for us to put back the Capital into Capitalism … Continue reading →

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