Tag Archives: covenant

Picking an IFA who’ll stay the course.

Posted on February 16, 2022 by henry tapper

  My friend John Quinlivan is fond of asking me “capital or covenant?” He means me to answer whether my business case is  based on the weight of money I can call on , or my trust that I am … Continue reading →

Posted in pensions | Tagged , , , , , , | Leave a comment

“Assumptions are dangerous” – Bromwich on USS

Posted on January 27, 2021 by henry tapper

Universities Superannuation Scheme (USS): A consultation for the 2020 Valuation[1] Some General Views Michael Bromwich [a] Assumptions are dangerous things to make, and like all dangerous things to make, bombs, for instance, or strawberry shortcake, if you make even the … Continue reading →

Posted in pensions | Tagged , , , | 5 Comments

Could a Local Government Pension Scheme go bust? NO

Posted on March 11, 2018 by henry tapper

  Well the answer “no” as has been explained to me by Colin Meech of Unison – who makes the following points; LA’s can not go bust in the way you suggest – they would be taken over by government … Continue reading →

Posted in Big Government, corporate governance, governance, pensions | Tagged , , , , , , , | 2 Comments

“Of margins and men”. Were the City and Carillion ever friends?

Posted on January 17, 2018 by henry tapper

Of all that is being said about the collapse of Carillon, the comment that remains with me is something said by Robin Ellison, in his capacity as   in an interview with IPE. The FCA is looking at asset management companies’ … Continue reading →

Posted in pensions | Tagged , , , , , , | 2 Comments

A message to USS members from Bill Galvin

Posted on August 8, 2017 by henry tapper

  This message went to members of the University Superannuation Service pension scheme last week. It contains many of the message that this blog has tried to put over (rather better!). It also provides an answer to the question of … Continue reading →

Posted in pensions | Tagged , , , , , | 5 Comments

Should we invest, when we’re in debt?

Posted on January 29, 2017 by henry tapper

There’s a very good  BBC Martin Lewis Podcast on borrowing ; http://www.bbc.co.uk/programmes/p04qhdsg We’ve always thought as Lewis as anti-debt (an advocate of “debt-free” living). The Podcast gives as an example a man who has moved to the country with his … Continue reading →

Posted in advice gap, pensions | Tagged , , , , , , , , , | 2 Comments