Sadly we allowed the "lay trustee" to be written into our law eg the Trustee Act 2000. And rather than…
As an AMNT committee member we widened our constitution this week to spread the mentoring, networking and best practice dissemination…
"falls in contribution rates have begun to emerge" The LGPS Survey 2026 undertaken by Room 151 in association with Schroders…
Yes, follow-up on the many benefits of Auto-Enrollment with the benefits of Auto-Consolidation, with opt-outs again for the sophisticates who…
Tag Archives: Business
It’s not the leaving of Liverpool that grieves me….
I’m travelling down to London on the Avanti West Coast Line, reading a paper that’s been sent me from Perthshire by my friends. The paper’s called “Why Britain’s stagnated” and it’s written by Ben Southwell, Samuel Hughes and Sam Bowman. … Continue reading
Treasury declares £40bn spending cuts as PLSA mulls “adequacy”.
Emma Reynolds points out over 5m people not auto- enrolled into a pension but tells #plsaannual24 we’ll have to wait till phase 2 of pensions review pic.twitter.com/Ei3vuoLZxS — Henry Tapper (@henryhtapper) October 15, 2024 The PLSA were treated to Emma … Continue reading
Comparing the asset allocation of global pension systems
William Wright and James Thornhill – September 2024 Analysis of investment in domestic equities and of home bias by pension funds in the UK and around the world This report highlights that UK pension funds have a significantly lower absolute … Continue reading
Posted in pensions
Tagged Business, Defined benefit pension plan, Financial services, Pensions
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Time for some “hard-working” on VFM – says TPR.
There’s a telling sentence in Nina Blackett’s blog on VFM , published yesterday by TPR In January 2023, we published our joint industry consultation on a value for money (VFM) framework. Now, the FCA, working with TPR and DWP, has … Continue reading
Progress to an AgeWage
It’s been 6 years since I started AgeWage with Chris Sier and Ritesh Singhania. On June 30th we closed our accounts and I’m pleased to announce that for the first time, we made a profit of £155,000. In the … Continue reading
Putting the FIS back into pension schemes
This is a blog inspired by a snip from First Actuarial’s briefing to trustees and sponsors of their DB clients. For many years trustees have had to focus on a prudent funding plan based on the scheme valuation at … Continue reading
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Tagged Business, corporate governance, corporate risk, de-risking, DWP, Investment, pension, Pension new, Pensions, Retirement, workplace Pensions
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Through individual freedom or collective endeavour – how will we choose to spend our pensions?
It will be an interesting week. On Tuesday, our Pension PlayPen group will be discussing “innovation in decumulation”, a title that hardly has the common touch. For those who have a pension pot and want to spend it, there is … Continue reading
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Tagged annuity, Business, CDC, pension, Pension new, pension playpen, Pensions, Retirement
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Today is for tomorrow, today we start again – VOTE
Two hour before the polls open and I am sitting in my flat in the City of London waiting to vote. My eye is caught by an article in the FT – “How the Conservatives lost hold of the South” … Continue reading
Validating a proposal to pay people pensions
My very good friend Carsten Staehr has sold his interest in payroll to pursue his interest in his family, sport and alcohol (running a wine bar). Tales of Carsten are numerous and I will not rehearse the excesses that have … Continue reading
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Tagged AgeWage, Business, Con Keating, corporate governance, DB, dc pensions, de-risking, Government, NEST, pension, Pension new, pension playpen, Pensions, Retirement, Steve Webb
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Two versions of growth – one that has failed – one that might succeed.
There are three pension agendas in this election, one is being talked about, one is not being talked about (but is crucial), the third is the one the pension industry wants to be talked about (but isn’t on anyone … Continue reading
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Tagged Business, DWP, Employment, Government, Jeremy Hunt, pension, Pension new, Pensions, Rachel Reeves, Retirement
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The idea that a pensioner has "complete control over cash flows" is naive because it omits the awkward fact that…