Tag Archives: DB

Should USS invest for growth or lock down its assets?

Posted on September 26, 2026 by henry tapper

I know that many members of USS read this blog and some members of its executive. I hope this is  interesting and fair. If you have a view please use the comments below as your correspondence is always informed. Continue reading →

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Unions; accruing DB for staff-encouraging collective pensions for millions of members

Posted on September 11, 2026 by henry tapper

Set in a splendid converted warehouse in Borough’s warehouse yesterday this Trade Union Pensions Insight Conference was packed to the last available chair and there were people standing at the back. No surprise when Trade Unions have recovered their pension … Continue reading →

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Flawed Approaches to Asset Allocation include 60;40 – Going back in time with Thomas Aubrey

Posted on August 31, 2026 by henry tapper

Should the 60-40 ratio be changed, or should Gilt exposure be reconsidered altogether? [image or embed] — Henry Tapper (@henrytapper.bsky.social) August 30, 2026 at 6:07 AM The 60:40 asset allocation has always been a bad strategy as has buy and … Continue reading →

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Reform have driven down a pension cul-de-sac; it’ll be tricky reversing out.

Posted on August 26, 2026 by henry tapper

The Reform view of pensions is hypocritical in the extreme. My friends at Prospect Union point this out with greater force than I can How hypocritical can you get? Reform MPs want to close public service pension schemes for millions … Continue reading →

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Pensions don’t lead to inheritance tax for anyone – it’s the pots that are the problem

Posted on August 23, 2026 by henry tapper

There are now four ways of avoiding inheritance tax with your pension pot (s) you’ve saved over your work career If you are within a year of joining a public service* pension you can swap your pot for pension based … Continue reading →

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German pensions – this is the big new deal for asset managers

Posted on August 17, 2026 by henry tapper

The big story for asset managers in Europe is not CDC or DC or the revival of DB as an investment opportunity, it is German funded pensions.

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“Collective Pensions” going forward, CDC in the past.

Posted on August 13, 2026 by henry tapper

The DWP will change the way they describe what till now has been called CDC Whether the DWP can change the way we describe the new way of turning contributions to pensions is a question only time will answer. I … Continue reading →

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Are you paying VAT right if you manage a DB pension scheme?

Posted on August 12, 2026 by henry tapper

Does VAT fill you with dread that you are paying it right? Read on

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Another senior pension thinker breaks loose to tell it like it was

Posted on July 31, 2026 by henry tapper

We have fine  voices among  our fine mature thinkers;  among them Derek Scott. Here are comments he has made on this blog; prompted by Andrew Young who he grew with over 60 years ago. The comments are about state and … Continue reading →

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USS, its surplus, its increases and its DC scheme

Posted on July 16, 2026 by henry tapper

It was only 8 years ago that the employer view was that USS could not stay open as it was too great a debt upon employers paying into it. There was a strike, an effort was made and despite not … Continue reading →

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