Tag Archives: ft

Unions , trustees and private equity managers should have aligned interests.

Posted on February 15, 2024 by henry tapper

The extraordinary thing about the FT’s conversation with outgoing CI of Calstrs , Christopher Cailman, is that a pension fund’s attitude to the behaviour of its privately owned  investments , should be its front story. Calstrs – the Californian Teachers … Continue reading →

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Stick to the shopping list

Posted on January 29, 2024 by henry tapper

It being a Sunday afternoon and England playing netball on the box, I offered to do the shopping for my partner. The list was short and accurate, detailing exactly what I should be paying for a red pepper, loose tomatoes, … Continue reading →

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“Welfare for the wealthy” – why Inheritance is staggeringly unjust.

Posted on December 30, 2023 by henry tapper

This is one of the best discussions on inheritance tax I have read. Thank you John Burn-Murdoch. With all the gloom about the future of Twitter, it’s easy to forget what a brilliant way a twitter thread is to tell … Continue reading →

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2024 – the year of pension financing

Posted on December 26, 2023 by henry tapper

2023 was a shitty year to be an investment banker. As one such told the FT over the Christmas period. “There is no stability, no investment, no growth in most banks — and there are likely to be more job … Continue reading →

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Five questions for 2024 – not from me – from him!

Posted on December 19, 2023 by henry tapper

‌ Christmas is a time for giving, so I’m giving-up pretending I know what is going to happen to markets and handing my blog over to Robert Armstrong and his Unhedged team who provide me with a daily read that helps … Continue reading →

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Job done for DB schemes?

Posted on December 9, 2023 by henry tapper

The PPF Purple book was published this week and – as expected – it told a story of corporate DB funds in aggregate surplus. Toby Nangle’s FT article beautifully illustrates just how much a fourfold increase in gilt yields makes … Continue reading →

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Toby Nangle takes public sector pensions by the horns

Posted on October 24, 2023 by henry tapper

  Toby Nangle is a flagbearer for a new kind of pension journalism that reaches beyond the bubble to a wider audience. His work has been featured in the Financial Times and I’m pleased to see that he has a … Continue reading →

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SJP sees share price plunge 22% on the day.

Posted on October 13, 2023 by henry tapper

This is not a blog about SJP but a blog about the FT’s coverage of SJP’s travails as they seek to respond to the FCA’s consumer duty without their business model cracking. The reporting is relentless and consistent and it … Continue reading →

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Why should we worry if people spend their pensions?

Posted on September 29, 2023 by henry tapper

“It’s extremely worrying that so many more people are withdrawing funds from their pensions and at higher rates,” said Alice Guy, head of pensions and savings at investment platform Interactive Investor – (FT) The news is that we are spending … Continue reading →

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When ESG doesn’t work

Posted on September 12, 2023 by henry tapper

Robert Armstrong’s email this morning is a cautionary tale to those who think that having an ESG strategy is enough. Clearly some ESG strategies are more successful than others. In the hope that Glencore feels some pain from people’s reading … Continue reading →

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