Tag Archives: Frank Field

What future – if we cannot rely on universities in twenty years time?


When I wrote my blog yesterday, I had not read the USS consultation document which contains the basis of the triennial valuation it has just completed. I was writing “over” the FT article written by Jo Cumbo which (as usual) presented … Continue reading

Posted in actuaries, advice gap, Henry Tapper blog, pensions | Tagged , , , , , , , | 6 Comments

Don’t make the teachers pay


  I am  sad to read that “academics face a big rise in their pension payments”. That’s the headline in the FT and it may be true. Another set of spurious numbers? The University Superannuation Scheme has completed it’s three … Continue reading

Posted in accountants, actuaries, advice gap, pensions | Tagged , , , , , , | 7 Comments

“How we’re paid” is top of #GE17 agenda


If there is a debate going on over who next Governs Britain, how we get paid – as workers and pensioners, is at the heart of it. BREXIT may be the most important political issue , but we are no … Continue reading

Posted in pensions, Politics | Tagged , , , , , , , , , | 1 Comment

A business-friendly Pension Green Paper


I went to a  talk yesterday  from the CBI’s Carolyn Fairbairn. It was a lot more optimistic on business prospects than I’d expected (having heard her gnashing her teeth following the referendum). To be fair, she was saying then that … Continue reading

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Of nuclear deterrents, sledgehammers and nuts – (DWP Select on DB)


The 90 page report on the state of our defined benefit pension schemes is published this morning. From first to last it is the work of Frank Field, it begins with BHS and ends with BHS, the confrontation with Philip … Continue reading

Posted in defined ambition, DWP, pensions, Pensions Regulator, workplace pensions | Tagged , , , , , , , | Leave a comment

A sad year – when only Tories count.


I am going to the Conservative party conference, I am not going to the freak show in Liverpool and I don’t even know when the Liberals are convening. I have limited time on my hands to understand Government but I … Continue reading

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Pensions Minister in the house – shout out for Richard Harrington!


A new man In one of the lowest keys of appointments, Richard Harrington crept into the DWP as an under-secretary and inherited all the issues for rather less pay than he’d have got if he’d got the usual ministerial salary. … Continue reading

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Workie off balance-Frank to the rescue!


An everyday story of kleptocratic mismanagement Here is an extract from the recently published conversation between the DWP Select Committee (Frank Field & Co) and the DWP (under new management). You are always supposed to read the source material first, … Continue reading

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Get off your boat, get back to the Regulator, go and write a whacking big cheque.


A paraphrase of Frank Field’s advice to (Sir) Philip Green, after the publication of a damning report into the failure of governance that Green created in his 15 years in charge of BHS. Here is his press comment “One person, … Continue reading

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Shutting the stable door?


  We probably know more about the solvency of our defined benefit pension schemes than we have ever done. They are subject to rigorous examination by Experian who stress test them for failure to calculate their levy to the Pension … Continue reading

Posted in pensions, Pensions Regulator, Retirement | Tagged , , , , , , , , , , | 3 Comments