Tag Archives: DB

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

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.

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

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

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.

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?

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

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

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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7/10 for the new DB pension timeline

To be frank, this is a disappointing timeline for Superfunds that will mean that the DWP regulations and TPR code will not come into force till well over ten years that superfunds were announced by  the then Pensions Minister Guy … Continue reading

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“Nothing new”on the triple lock is – “big news!

It amazes me that we find the triple lock front page news when we voted in a Government two years ago who clearly said there would be no change in how the state pension this parliament. There are three things … Continue reading

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