I've just come across this letter from Smithers, covering DB pensions in general and the USS in particular. https://smithers.co.uk/extending-the-liabilities-time-horizon-is-key-to-pensions-reform/
Great. A chance to nit-pick something from Steve Webb. The Married Woman’s Option finished in 1977, not 1978. SERPS was…
I was told by the Pensions Service, that if I divorced my husband before I retired, I would get a…
Success in applying the rules set out in law is not reliant on loopholes (I prefer educated projections of future…
Tag Archives: Investment management
You want a workplace pension for your staff? – delighted to help!
Mrs HR Dee Smallco Ltd. Sunny Uplands GB Dear Mrs Dee, Thanks for your enquiry. I can see you are sold on the idea of offering a workplace pension for your staff. You know you have to anyway, but I … Continue reading
Posted in advice gap, auto-enrolment, Liability Driven Investment, mallowstreet, Management, NEST, pension playpen, pensions, workplace pensions
Tagged Actuarial science, Business, Clarence, Employment, Financial services, Government, Investment, Investment management, Life annuity, NEST, pension, Pension Protection Fund, pensions, Playpen, Retirement
1 Comment
August PlayPen lunch; – AE without advice?
The PlayPen lunch split 5/5 on the issue, advisers and lawyers reckoning that advice was not only a practical but also a regulatory “must have” before employers staged auto-enrolment. In a regulatory context the division was on whether Steve Webb … Continue reading
In the customer’s shoes; Dan Norman on our fund fiduciaries.
those charged with fiduciary responsibilities, including the managers themselves must, as Dan puts it “put themselves in their customers shoes” and start treating them fairly, Continue reading
Posted in actuaries, auto-enrolment, corporate governance, David Pitt-Watson, dc pensions, de-risking, Financial Education, First Actuarial, pension playpen, pensions
Tagged Asset management, Dan Norman, Funds, Gregg McClymont, Individual Savings Account, Investment management, Mutual fund fees and expenses
4 Comments
No win no fee – one way to clean up asset management
I met yesterday with a Swiss firm whose business is to reduce the investment costs for large investors (typically with €500m +). The model is simple, no retainer – they receive 50% of the savings from their work. They are a … Continue reading
Posted in Bankers, Change, corporate governance, David Pitt-Watson, dc pensions, de-risking, Fred Goodwin, FSA, Management, napf, pension playpen, pensions, RBS, redington, Retirement, twitter
Tagged Asset management, Business, Financial Services Authority, Funds, Investing, Investment management, Securities lending, Switzerland
1 Comment
Should we measure pension fees as “risk”?
This is simple measure which makes such fundamental sense that any fool can grasp it. Continue reading
Is this what your savings are paying for?
We have another Twickenham home international coming up, look out for your favourite analyst , he’ll be in one of the glass-fronted boxes . Continue reading
Posted in Bankers, FSA, Twickenham
Tagged Asset, Chief executive officer, Extel, Financial Services Authority, Financial Times, FSA, Investment management, Thomson Reuters
4 Comments
“Three into two won’t go”- NO EXIT at Playpen lunch!
Three into two won’t go – but I can say this was the hardest but most rewarding meeting I have yet chaired Continue reading
Posted in pension playpen, pensions, Personality, poetry, Popcorn Pensions
Tagged Business, David, DNA, Funds, Investment management, Jeremy Spencer, Lunch, Mutual fund
7 Comments
Who’s been sleeping in my bed? Shocking stuff on stock lending.
Storage companies do not lend out your property, but fund managers do! Continue reading
Posted in dc pensions, Fiduciary Management, Financial Education, First Actuarial, NEST, pension playpen, pensions, stock lending
Tagged BlackRock, Cass Business School, Esma, European Securities and Markets Authority, Exchange-traded fund, HSBC, Investment management, Securities lending, UCITS, United States
9 Comments
Better ways to diversify the default.
When people see the jigsaw being put together , we may even get better public confidence in workplace pension schemes – something devoutly to be hoped for! Continue reading
Diagnosing the real cost of DC
A problem with buying “bundled” DC services is finding out what’s really going on under the bonnet. I recently blew my power steering pump , I wanted to know what had happened but the pump was in a sealed unit – no warning … Continue reading
Posted in annuity, dc pensions
Tagged ABI, AMC, Defined contribution plan, Diagnosis, Investment management, pension, Pension Regulator, Transaction cost
9 Comments
Extending time horizons can ease short-term funding pressure, but it shifts risk toward younger members. Reform should make those intergenerational…