Tag Archives: Japan

Britain should not disrespect Fujitsu or Japan.

  The FT has published a thoughtful article about the damage that Mr Bates v the Post Office is doing to Fujitsu – both in the UK and in Japan. It concludes While some investors view faults with the Horizon … Continue reading

Posted in pensions | Tagged , , | 3 Comments

Jennifer Davidson asks whether stock-lending’s responsible investment?

Someone told me yesterday that successful people read and failures watch TV. I read this article with the TV on in the background, I can’t remember what was on but the article grabbed me and it grabbed me again when … Continue reading

Posted in advice gap, age wage, pensions | Tagged , , , , , | 2 Comments

“Pentech” lessons from Japan

    Last year’s stories about Japanese pensioner’s focussed on their propensity to shoplift , get caught and end up in jail (which they favoured over living solitary lives at home). This blog looks at the problems of financial exclusion … Continue reading

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End of the road for LDI?

Thanks to those brave souls who braved “Southern”, the tube strike and filthy weather to attend yesterday’s lunch which asked “has LDI had its day?”. One answer to that question was clear, I learnt that the top performing asset class … Continue reading

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It’s all down to the management –

    I’m watching the rain-soaked start of the Japanese Grand-Prix in Suzuka and marvelling at the organisation of a formula one team. What will get your driver first past the chequered flag. Engine- tyre management -DRS- Driver – race … Continue reading

Posted in accountants, advice gap, annuity, pensions, Pensions Regulator, Personality | Tagged , , , , , , , , , , , | Leave a comment

Debunking the RSA myth that Dutch CDC provide better outcomes

I’ve received this open letter from John Lawson (he of Aviva) which I print in full. Dear Henry, I have mentioned before the folly of relying on the RSA for any rigorous analysis. The RSA is a political construct, not a … Continue reading

Posted in actuaries, advice gap, CDC, dc pensions, governance, pensions | Tagged , , , , , , , | 4 Comments

The economic history of the world in one little graph

  That headline is a big promise. But here it is: The economic history of the world going back to Year 1 showing the major powers’ share of world GDP, from a research letter written by Michael Cembalest, an analyst … Continue reading

Posted in economics, Facebook, Financial Education, twitter | Tagged , , , , , , , | 8 Comments

The man from Yamaichi said no

Sometime in 1993 I was advising a bunch of traders at Yamaichi Securities a now defunct Japanese trading house in the City. The Japanese equity markets were in a tailspin (from which they have not recovered) but the markets they were trading … Continue reading

Posted in Bankers, corporate governance, Fiduciary Management, NEST, pension playpen, pensions, Retirement | Tagged , , , , , , , , , , | 3 Comments

PPF II -opening the door for a better DC

We are where we are – the social contract has been decided… not compulsion but impulsion; impulsion  into a DC pensions model that relies on the markets to deliver a second tier of pensions. Our retirements will be funded from employer and employee contributions over a … Continue reading

Posted in annuity, corporate governance, Liability Driven Investment, NEST, OECD, pension playpen, twitter | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | 6 Comments

DC investors -are we panicking?

The stock market has fallen 10% in a week and chances are , so’s the value of your pension account. You probably lost considerably more than you earned and if certain “experts” are to be believed, you may be penning your … Continue reading

Posted in corporate governance, dc pensions, de-risking | Tagged , , , , , , , , , , , , , , | 4 Comments