Tag Archives: dc

“Member outcomes?” what does TPR mean?

When we lived in a world of defined benefits we knew what benefits were, they were defined by the scheme and save for a few “cash-balance” schemes (which never caught on) , defined benefits are “pensions”, an income paid for … Continue reading

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USS gives its top brass an 18% pay hike despite writing off Thames Water

  The latest report and accounts for USS are out They show how the scheme is doing under a number of measures. As Toby Nangle says on BlueSky, “this is always helpful“. When I started writing about USS , 7 … Continue reading

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Look no LTAF! XPS delivers DC illiquids through a blended fund.

It is heartwarming to see a pension consultant designing a product for the good of savers who otherwise might get left behind. Much is made of consolidation of DC pension schemes but there is a core of smaller DC schemes … Continue reading

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“Helping savers understand their pension choices” My Blueprint for Trustees.

  I’m using these cold and wet weekends we’re having, not to sit alone on my boat but to write to Government my thoughts on some of their  papers that come out of the Mansion House Reforms. The one I … Continue reading

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TPR has a new mindset. Get with it or get out.

Jo Cumbo’s meeting with Nausicaa Delfas This interview  is the clearest evidence yet that there is a new mindset within TPR. Because I don’t have enough free links to offer direct access , I will share a PDF of Jo’s … Continue reading

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16bn reasons why USS was saved by the discount rate

Saved by the discount rate! — Richard Disney (@RichardDisney) July 26, 2023 Richard Disney’s verdict on the state of the USS pension scheme , which as I mentioned last week, is showing that it lost £16bn of its asset base … Continue reading

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Trott plans to revive ambition within DB pensions.

When Laura Trott arrived in post she called up a few people who Guy Opperman had suggested to her and told them she intended to narrow the difference between DB and DC outcomes. I was one of them. Frankly, I … Continue reading

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Steve Webb, fresh from the Mansion House – 10.30 today at Pension PlayPen

Steve is one of Britain’s premier pension commentators , having been Minister for Pensions during the Coalition. Now he’s a consultant for LCP and he appears on every platform from the Martin Lewis Money Show to the Work and Pensions … Continue reading

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LGPS shows Workplace DC a clean set of heels

LGPS – the benefits of maturity One of my aims for spending three days with the LGPS crew this week was to see what a fully functioning investment community intent on ESG and levelling up – looked like. I can … Continue reading

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TPR calls for lifestyle strategies to be reviewed

Louise Davey, acting head of policy at TPR has written a blog to coincide with the PLSA investment conference, “Trustees must not lose focus on protecting members from economic volatility” Indeed they shouldn’t. we remain determined to ensure trustees do … Continue reading

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