Scheme actuaries use a nominal gilt yield curve, which they assert directly matches the currency and inflation exposure of those…
"prefers to compare the returns with a liability proxy (a mixture of gilt maturities)" Are those Index-Linked gilts, given that…
I agree the major problem with DC is that it has been designed as a savings plan not to provide…
Oh, and I think this confusion leading to DB being viewed as a pot by members is an unintended consequence…
Tag Archives: growth
Workplace Pension review – investment first – adequacy later.
Continuing at break-neck pace up and to the summer recess, the Labour Government has announced a staged review of pensions. Speaking on Laura Kuenssberg’s Sunday morning show, Rachel Reeves stressed that her interest in pensions is about getting people more … Continue reading
Keating casts doubt on pensions as engines for growth
Investment and Growth Con Keating Introduction The exhortations for pension funds to invest for growth have been widely publicised in recent years. It has been, and remains, government policy. Unfortunately, ‘growth’ investment seems to have been interpreted in … Continue reading
I don’t want my money sitting in the Bank (of England)
That Toby Nangle is a clever chap, I have been trying to work out what he is going on about in the FT all day and think I’ve got the hang of it. To paraphrase and precis.. While the … Continue reading
Is the Pension Regulator excluded from Smarter Regulation?
Kemi Badenoch has set before parliament a white paper on regulation I had hoped to find out an outsider’s view of the Pensions Regulator but was disappointed. TPR is not within scope of the recent White Paper. This seems to … Continue reading
Jeremy’s tax bargain on inheritance tax and pensions
In an interview with the BBC, Mr Hunt refused to rule out a cut to inheritance tax, saying: “The best way that we can reduce the tax burden for everyone is to grow the economy.” If there is one thing … Continue reading
“No more dithering” – Ros gets her bill!
A private members bill from Baroness Ros Altmann to remove investment companies from the EU’s AIFMD legislation will have its first reading on 22 November. A bill to rectify issues with cost disclosure rules for investment trusts has … Continue reading
Misleading cost disclosures are reducing investments in alternative energy and harming UK growth- Altmann
This blog is written by Ros Altmann and republished with her permission. She considers the plight of investment companies (investment trusts) , “an emergency situation”. It is published on Ros’ blog UK investment Companies are ready-made for kick-starting pension investment … Continue reading
Industry mindset shift needed to deliver value for pension savers
12 July 2023 / Guest post from Nausicaa Delfas, CEO of the Pensions Regulator Investing for a pension is often the only and largest investment people make. Savers rely on the pension system working as hard as it can to … Continue reading
Posted in pensions
Tagged Assests, CEO, DB, Funding Code, growth, Mindset, Nausicaa Delfas, Pensions, TPR
8 Comments
Being Objective about Liability Driven Investment
Following our blog on the costs of LDI ( https://henrytapper.com/2023/03/25/the-costs-of-ldi-keating-and-clacher/ ), we received a comment which said: “To be objective don’t you have to look at the aggregate round trip? i.e., money made from LDI since the start to … Continue reading
ONS numbers show how “de-risking” did for growth
While most of us would see weight loss as a good thing, it can cause harm – especially when pursued fanatically. In this blog I look at latest Government figures and ask whether pension schemes are losing weight in the … Continue reading
Thanks for your reply. I hope it does successfully "embed both the real rate and expected inflation in one number".…