Everything that requires to be paid for the next 20-50 years requires investment. Non-investment types especially actuaries and other managerialists…
I don't know why you are all getting excited. In reality the likelihood is that the govt will cut pensions…
How far do you want to stretch the principle that compos mentis adults should not be treated as moral agents…
You're right, and Treasury have previous on this. Examples ... Netting at departmental / spending-review level Barnett is applied to…
Tag Archives: Insurers
S&P reports UK insurers use of private credit to back British pensions
I am disturbed but not surprised to read concern from S&P at the increased dependency on private credit to back promises to pay our pensioners. This from an article published today by the FT written by Lee Harris , insurance … Continue reading
Risk Transfer in decline as Pension Schemes find “risk” is “growth”.
The numbers predicted by Standard Life for insurers taking on DB assets and liabilities are well down on estimates at the beginning of this year. Trustees are seeing risk as growth and questioning further de-risking. There will come a time … Continue reading
Why aren’t we all pension millionaires?
While an excellent discussion of how to improve the income people get from saving for a pension was taking place with Jonathan Stapleton, a range of commentators were lining up to bemoan the ignorance of the public. The Pensions UK … Continue reading
People cease to matter to insurers in this merry-go-round of ownership
No one has written the definitive history of life insurance over the past 50 years, but Gordon Aitken has a good go. There are of course part of the pictures he cannot touch. Wealth management was initialled by Abbey Life … Continue reading
Posted in pensions
Tagged Business, Business and Economy, credit, dc pensions, gordon aitken, Government, Insurers, Pensions, PRA
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Will insurer’s share prices recover- now gilt yields make buy-out easier?
I’m not sure I agree with Gordon Aitken here. Insurers may be more competitive with bulk annuity purchases but will DB pension schemes want to sell up, now they find themselves even more in surplus? Business Conditions are not always … Continue reading
Posted in pensions
Tagged ABI, BPA, CDC, dc, gilt prices, Gilt yields, gilts, Insurers
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I’m not so worried about US insurers as the pensioners who depend on their annuities
Toby Nangle is our top analyst working on American bonds , whether the credit is public or private of something in the middle. We should worry if there’s a problem with American insurers owning this stuff. Insurers using it to … Continue reading
Pensioners look on as insurers gloat.
There is something wrong about this. Insurers should not gloat that they will be investing what is currently our pension fund money. The insurance companies expect £550bn of our money to insure and reinsure promises already secured in pension schemes. … Continue reading
Posted in pensions
Tagged Aberdeen, Insurers, pensioners, Stagecoach, Standard Life, superfunds
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“Is this Government really interested in Pension Superfunds?” – asks Gupta
New Capital Consensus are a group of thinking people including my friend Ashok Gupta who want to see policy through to action. I’m not quite sure why I and AgeWage are included on this post, but I’m pleased they … Continue reading
Posted in pensions
Tagged Ashok Gupta, DB, dc, Insurers, Pensions, superfunds, Torsten Bell
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So you think that your pension was bought out by a gilt-edged insurer?
All year I have been writing about the security of buy-ins and buy-outs of occupational pensions in the UK by insurers. I am talking in particular about our insurers that are shipping off assets and liabilities to the USA and … Continue reading
Not that much “reassurance” about shifting my pension to an insurer.
I am not surprised that , ahead of publishing the numbers of the 11 insurers n the UK annuity market, the PRA has reassured us that none are currently in trouble or likely to be trouble from the risks we … Continue reading
I believe you are absolutely right and its polical expediancy to rob us of our State Pension. ounce again. That…