Tag Archives: buy-out
A new contract with Government for the next generation of pensioners
I am pleased to read this excellent article by my friend Calum Kapoor in Asset Owner Exchange. This is not an old man like John Kay or Con Keating, explaining the way that pensions shape the economics of Britain, this … Continue reading
How do trustee’s feel about DB surpluses- from their mouth or according to an insurer?
Pension PlayPen; pension surpluses debated by trustees. There are two sources of information on how trustees feel about DB pension surplus’. The first is an excellent presentation and lengthy debate by trustees about how money comes out of pension schemes … Continue reading
Ford – the “not so” British pension risk transfer.
This article asks questions about about the transfer of Pension Risk to America. PRT stands for Pension Risk Transfer. Where there is risk there is profit as well as danger. The profit from transferring the assets of our private … Continue reading
Posted in pensions
Tagged Blackstone, buy-in, buy-out, Ford, Pensions, Priovate Equity
Leave a comment
Doubt cast over ownership credentials of US insurer buying-out UK pensions
Apollo Exposed: Athene Stories reinforce concern either side of the Atlantic about private equity taking over insurers on a dubious basis. We know the outcome in terms of UK Pensions; PIC and Just have recently been bought into by US … Continue reading
Short-termism of financiers a mis-match for the horizon of pensions
I ran a blog about the infinite horizons of pensions, I was writing in 2020 when the idea that our pension system would be generally in surplus was ludicrous. I argued that it was and that the PPF would not … Continue reading
William and TC play lingo-bingo with “risk transfer”
Gold Standard Endgames Bring Peace of Mind Risk Transfer Industry and the Capture of Language There is so much to admire in the sales and marketing skills of the “Risk Transfer” Industry, whatever one thinks of the products. Slick, … Continue reading
Posted in pensions
Tagged buy-out, endgame, Insurace, Risk transfer, TC Jefferson, William McGrath
1 Comment
TPR’s pragmatism gives sponsors encouragement and trustees hope.
The Pension Regulator has written a third blog in a month which moves forward the Mansion House reforms in a positive way The third blog by Mike Birch , is extremely well written and clear in its intent. … Continue reading
Mansion House 2.0 puts “run-on” back in play.
The two most significant measures in the Autumn Statement, impacting the Mansion House reforms are a revision of the guidance to the LGPS pools and changes to tax rules governing surpluses in corporate defined benefit pension schemes. LGPS interventions – … Continue reading
Pension Superfunds are more than the “poor man’s buy-out”
The Government has radically changed its position on pension superfunds, at last giving feedback on its 2018 consultation and making clear that pension superfunds are helpful to pension consolidation and support the wider aims of the Treasury. The response to … Continue reading
Posted in pensions
Tagged ABI, buy-out, consolidation, defined benefit, Pension Superfund, Pensions
4 Comments
Who really wins from DB’s “risk transfer” to insurers?
In a long and well -informed “big read”, the FT has published its thoughts on the structural shift in DB pension provision known as bulk buy-out. The article begins with the memories of 71 year old John Shaw and the … Continue reading
Posted in pensions
Tagged Aviva, buy-out, Canada Life, Insurers, Just, L&G, Phoenix, PIC, Rothesay Life, Scottish Widows
1 Comment