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
Big-Short 2 – the sequel. “Never have so many been put in debt by so few”.
I have a new commentator on my blog but he tells a familiar story. It’s a Michael Burry Story Big-Short 2 – the sequel. Never have so many been put in debt by so few. We will I’m sure … Continue reading
Posted in pensions
Tagged Association of British Insurers, Big Short 2, Insurers, Pensions
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The Impact Assessment behind the Pension Schemes Bill.
This diagram, borrowed from HMT by DWP is around 300 pates in. It is frustrating and fascinating because much is good but how to get to it?! Welcome to the Impact Assessment This document from the DWP is over 400 … Continue reading
Should pension schemes be run like insurance companies?
Paul Brine asks the questions – 30 odd play penners enjoy what ensues. By the power of Teams , youtube and your host Steve Goddard we can remind you of what you just witnessed or – if you were unlucky … Continue reading
Pension Commission? Be careful what the industry asks for!
Doesn’t the pensions industry already have a very strong consensus that people should give them more of their money to manage? Political parties already seem largely on board, so I’m not sure what a commission would be expected to do … Continue reading
The price members are paying to de-risk their employer’s balance sheet.
How did the Boots pension scheme change? It was bought out by Legal & General Why couldn’t Jon Swinson retire? Because Boots paid L&G £640m to buy-out their pension liabilities rather than pay pensions they’d promised but didn’t guarantee. Boots … Continue reading
Who really wins from DB’s “risk transfer” to insurers?
In a long and well -informed “big read”, the FT has published its thoughts on the structural shift in DB pension provision known as bulk buy-out. The article begins with the memories of 71 year old John Shaw and the … Continue reading
Posted in pensions
Tagged Aviva, buy-out, Canada Life, Insurers, Just, L&G, Phoenix, PIC, Rothesay Life, Scottish Widows
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Has TPR become the insurer’s new trade body?
Over the bank holiday weekend, I’ve been blogging about the new orthodoxy, that buy-out of benefits is in the member’s best interests. Quietroom have published an article in Professional Pensions explaining how best to get this message across and … Continue reading
“Not so fast” – BOE tells insurers “moderation in all things”
I got to yesterday’s Pension Age conference just as LCP’s Ken Hardman was explaining how capacity for bulk buy-out was expanded by a healthy reinsurance market. When I got home late that evening I found myself reading a speech by … Continue reading
Time for a cost of living strategy from pension providers
Pension providers, insurers and advisers each need a cost of living strategy for those they serve. It is worrying , that pension providers are making a fuss over the ESG credentials of their funds but not worrying over the … Continue reading
Posted in pensions
Tagged cost of living, DWP, Insurers, Pension Providers, Strategy, TPR
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For millions, “the partner dies- the annuity dies”- pension credit comforts the bereaved
It’s easy to forget in a world of “pension freedom” that millions of British savers purchased annuities with their pension pots in the 40 years prior to the day George Osborne announced “no one will ever have to buy an … Continue reading
Posted in pensions
Tagged ABI, annuities, annuity purchase, Insurers, Pension Credit
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I believe you are absolutely right and its polical expediancy to rob us of our State Pension. ounce again. That…