Tag Archives: ft

The self-employed are engaged- they just don’t know what to do.


If you have an FT subscription, follow this link –  you will be able to read Jo Cumbo’s beautifully written opinion piece “Self-employed, the pension world’s great unsolved dilemma”. If you are saving so hard for your pension that you … Continue reading

Posted in pensions | Tagged , , , , , , , | 3 Comments

Averting a pensions crisis?


I’m on a panel of speakers at the Institute of Chartered Accountants of Scotland tonight. The title of our session is “averting a pensions crisis” and were it not the title of the worst album of the seventies, I’d be … Continue reading

Posted in actuaries, advice gap, pensions | Tagged , , , , , | 2 Comments

Is fund management over-rated?


We’ve got used to thinking of fund managers as the kings of the lot. They are at the top of food chain in terms of pay and the respect offered them by the rest of the financial community. So the … Continue reading

Posted in advice gap, pensions | Tagged , , , , , | 4 Comments

Manufacturing credit defaults? Have we learned nothing from the crash?


If you are an FT subscriber , you can read the story of “the mystery trader who roiled Wall-Street“. When I read the headline , I thought that we’d had a Grauniad-style typo, but “roil” exists, to describe making (a … Continue reading

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If we can’t measure CETV take up, how can we manage it?


There’s a well known phrase “if you can’t measure it, you can’t manage it”. The Government can’t measure the extent of DB transfers and I conclude that they can’t govern the transfer process until they do.     Here’s the … Continue reading

Posted in advice gap, pensions | Tagged , , , , , , | 5 Comments

Bill Galvin , stop whingeing to the FT and come down here!


Bill Galvin would be well-advised not to snipe at social media for peddling misconceptions about the University Superannuation Scheme. Dennis Leech, Professor of Economics at Warwick concludes a recent article with the question will this independent group be subject to … Continue reading

Posted in pensions, USS | Tagged , , , , , , , | 8 Comments

Transfer carnage at BSPS – the truth revealed


The full impact of transfers on the British Steel Pension Scheme has been revealed in this perfunctory tweet The British Steel Pension Scheme has paid just over £1.5bn from around 4000 DB transfers to date. Around 3700 transfers still to be processed. … Continue reading

Posted in annuity, BSPS, pensions | Tagged , , , , , , | 14 Comments

No shortage of “pension engagement” at Royal Mail.


Pension people want positive engagement, but when they get it, they ignore it or deride it. On Friday, the CWU announced that an agreement had been reached between CWU and Royal Mail which will now be put to the membership. … Continue reading

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Someone else’s job.


  I spoke with a nice fellow last week who had been selling his company’s wares to IFAs in South Wales. The talk at the meeting was all about what was going on with the steelworkers. The fellow came away with … Continue reading

Posted in BSPS, pensions | Tagged , , , , , , , | 2 Comments

When will they ever learn? (The CDO is back)


The FT reports (with its usual light touch ) that the collateralized debt obligation is back and being used by Global Pension Funds (and hedge funds) as an alternative to junk bonds. I question whether in its “authentic” (CLO) or … Continue reading

Posted in economics, investment, pensions | Tagged , , , , , , , | 2 Comments