Tag Archives: de-risking

Salvaging the sinking boat

A new study published by Spence Johnson has drawn on insight from 46 industry thought leaders to predict futures of the Fiduciary Management model. More here: http://tiny.cc/FiduciaryEvolution

Many of the participants’ future projections included the view that a unbundled Fiduciary Solution would grow in popularity, allowing schemes to outsource certain tasks i.e. LDI, while retaining in-house duties they felt more confident in performing.
This article addresses the question of whether LDI strategies are best employed as part of an “integrated solution” or “unbundled Fiduciary Management”?
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Posted in de-risking, Fiduciary Management, Liability Driven Investment, pensions, Retirement | Tagged , , , , , , , , , , , | Leave a comment

The Ilford ruling-who won?

The Ilford ruling will require trustees to concentrate on sound investment strategies and stop the practice of securing tip-top pensions at the expense of Joe the tax-payer. It will require companies to pay more attention to the risk management of their pensions rather than relying on a Government lifeboat.

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Posted in de-risking, Jersey, pensions | Tagged , , , , , , , , , , , | 1 Comment

Social media and the corporate dilemma

As corporates catch up with the activities of their staff, there will be pain and frustration on both sides. Toys will be thrown..there will be blood! You need to be aware of the corporate dilemma and help manage the process of employer buy-in if you are not to become a casualty.
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Posted in de-risking, Facebook, pensions, social media, twitter | Tagged , , , , , , , , , , , , , , | 2 Comments

And then I woke up….

As the ferry went down, passengers jumped like lemmings into the sea. We had another meeting and concluded that we would sue the men in suits before following the passengers. The last thing I remember was being hauled from the water by a man with a peaked cap, I remember around the rim the words “HMRC PPF”.
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I’d trust a “contract” but not a “Fiduciary”

The terminology we use “fiduciary, instituional, custody” is not a language that prevails among lay trustees- it is the language of the legal and financial communities. “Fiduciary” in particular is a bad word, as an adjective it denotes “trust and confidence” but intimidates and alienates everyday people- too many vowells, too many syllables and not enough Anglo Saxon gutterality! It says “difficult, opaque and self-absorbed”.
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Posted in dc pensions, de-risking, Liability Driven Investment, Personal Accounts, redington, Retirement, social media | Tagged , , , , , , , , , , | 4 Comments

Contract based DB- Redington v Cardano- no blood!

Full house in St Albans for the Redington/Cardano match-off. Morinho v Ferguson, Ali v Fraser, Cowell v Walsh-we had been promised blood. Things started poorly, a weak show of hands from the audience on who was supporting who (needed some hand helds to give … Continue reading

Posted in de-risking, Fiduciary Management, redington | Tagged , , , , , , , , , , , , , | 5 Comments

Hope I die before I get old

As a nation we are Townsendian rathan than Gallaherailian in our outlook. Continue reading

Posted in de-risking, Fiduciary Management, Liability Driven Investment, Treasury | Tagged , , , , , , , , , , | 6 Comments

Antisocial media

We are surfing the tsunami of social media but fun as it is on the wave, we shouldn’t ignore its destructive capacity. Continue reading

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