I've just come across this letter from Smithers, covering DB pensions in general and the USS in particular. https://smithers.co.uk/extending-the-liabilities-time-horizon-is-key-to-pensions-reform/
Great. A chance to nit-pick something from Steve Webb. The Married Woman’s Option finished in 1977, not 1978. SERPS was…
I was told by the Pensions Service, that if I divorced my husband before I retired, I would get a…
Success in applying the rules set out in law is not reliant on loopholes (I prefer educated projections of future…
Tag Archives: Financial services
Pension Oldie’s punky monkey party
Pension Oldie has been commenting on my blog . If I had an oldie’s party, he’d be my punky monkey. It is my strong belief that a very easy win for UK Economic growth would be a radical re-appraisal of … Continue reading
Posted in pensions
Tagged Business, dc pensions, Employment, Financial services, Government, pension, Pension new, Pension Oldie, Pensions
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Hymans Robertson debating pension funding this Tuesday.
First the advert.. Tuesday 10.30 am event ; free ticket at the bottom of the blog. Having made a mistake and locked myself out of the excellent session led by Pensions for Purpose, I’m not going to do it twice! … Continue reading
What does Government being a pension disrupter mean for pensions ..?
“while we are working away, the world is speeding up” – Starmer at his cabinet meeting on growth. I like Starmer’s statement. Reading the BOE’s report feels like business as usual. The BoE’s latest forecast is that GDP will … Continue reading
Posted in pensions
Tagged AgeWage, Business, CDC, dc pensions, DWP, Financial services, Government, Pensions
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DB Surpluses…a game changer? Pensions for Purpose had a great debate
I am sorry not to have been at or publicised this brilliant session. I didn’t publicise it due to a failure to get into my own website and I didn’t attend due to some medical matters, Here is a recording … Continue reading
Posted in pensions
Tagged AgeWage, Business, CDC, Con Keating, Defined benefit pension plan, Financial services, Government, Laasya
4 Comments
A Treasury that criticises regulators for not taking risk?
I am not a regular reader of Investment Week but maybe I should have. Here is the former pensions minister, now City Minister, telling an audience that they should stop sitting on their and their clients money and putting it … Continue reading
Posted in pensions
Tagged Business, DWP, Emma Reynolds, Employment, Financial services, Government, HM Treasury, pension, Treasury
3 Comments
Ten years on and the DB to DC transfer turns sour.
In 2016 I started writing about transferring pensions to wealth management firms including old fashioned personal pensions but mainly self invested personal pensions. There were some smart people arguing that taking a transfer value back then was good news personally … Continue reading
Posted in pensions
Tagged advice, annuity, BSPS, dc pensions, Financial services, LCP, pension, Pensions, Steve Webb, Tax, Transfer
4 Comments
DC VFM = the value of pension for the money saved.
I think the scale program instigated by Government to get DC plans “valuable” is the wrong measure. I’d like to say why. Government can achieve its aim of VFM for DC schemes better. Government needs to start thinking of VFM … Continue reading
Posted in pensions
Tagged advice, AgeWage, auto enrolment, corporate risk, DWP, Financial services, National Employment Savings Trust, Pension new, Pensions, Retirement, Steve Webb, TPR
2 Comments
You can’t wait for Reeves tomorrow? PM Starmer on Pensions tonight..
A press release has been issued by the Prime Minister’s office. Here it is. So you thought that pensions were a quiet backwater? Think again. If you were waiting for Rachel Reeves growth speech on Wednesday, you’ve missed the point. … Continue reading
Posted in pensions
Tagged Business, corporate governance, corporate risk, Defined benefit pension plan, DWP, FCA, Financial services, Investment, Pensions, Reeves, Starmer
3 Comments
Field called our DB pensions “an economic miracle”….Reeves knows why
At 11.30 am on a Sunday morning, Mark Kleinman of Sky News disturbed the sermon with this news. The Sky article was quickly followed by one from the FT, with Mary and George Parker referencing Sky’s coverage at 5pm … Continue reading
Posted in pensions
Tagged Business, Defined benefit pension plan, DWP, Employment, Financial services, pension, Pension new, Pensions, politics, Retirement
11 Comments
Everything , everywhere – all at once – is the carrot the stick?
Too much stick and not enough carrot and the donkey won’t move on. When the carrot turns on you with a stick, it gets confusing. I feel confused and that is the problem with the general public. We are tired … Continue reading
Extending time horizons can ease short-term funding pressure, but it shifts risk toward younger members. Reform should make those intergenerational…