Voiding the IHT on "homes" is an idea so silly that it falls in the category of "Only the Labour…
I believe that Dan suggested that the IHT on pensions will increase the proportion of the population paying IHT from…
Perth, WA | Ledger Firmware Scam Based in Perth, Western Australia, I lost over 7 BTC after following instructions in…
A further improvement under Thatcher's government came with Section 10 of the Social Security Act 1986. The statutory qualifying period…
Tag Archives: buy-out
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
Truell claims buy-out “reinsurance” is “superfunds through the back-door”.
I recently reported on the Bank of England and Prudential Regulatory Authority’s concern that Insurers were passing on the management of assets and liabilities via reinsurance using captives in Bermuda and other offshore havens. This strikes the common reader as … Continue reading
Has TPR become the insurer’s new trade body?
Over the bank holiday weekend, I’ve been blogging about the new orthodoxy, that buy-out of benefits is in the member’s best interests. Quietroom have published an article in Professional Pensions explaining how best to get this message across and … Continue reading
Quietroom – shouldn’t we be asking not telling members about being “bought out”?
Simon Grover of Quietroom has written an article about communicating buy-out to members (who are about to be bought out). It urges us not to forget the member, but suggests what the member thinks is an afterthought I am usually … Continue reading
"Much better that family homes that don’t meet the needs of families are sold when they become unaffordable to their…