Tag Archives: Jersey

Anatomy of a scam; lessons from Providence and Lumiere

If there’s anything good that can come out of the Providence Group’s global network of deceit, it is that it is exposed and offers us its full anatomy. Yesterday I tried to lay out the anatomy at length – I … Continue reading

Posted in pensions | Tagged , , , , , , , , | 5 Comments

Beware the Channel Isles my son.

In the UK we fight financial fraud through the FCA,tPR and a variety of enforcement agencies which together are “action fraud”. Our Regulators are accountable for ensuring that organisations that they regulate behave properly and that investments that they offer … Continue reading

Posted in FSA, pensions | Tagged , , , , , , , | 23 Comments

The Spurious Certainty of Chicken Licken

There are two certainties – death and taxes; oh – add to that a pension in payment! Or so the officers of the DWP , the Government Actuary and the Pensions Regulator would have it. GAD tried to knock the idea … Continue reading

Posted in annuity, dc pensions, de-risking, defined aspiration, Management, NEST, pension playpen, pensions, Retirement | Tagged , , , , , , , | 124 Comments

Whatever happened to “stakeholder economics”?

When Blair swept to power in 1997, Will Hutton‘s vision of a stakeholder economy was central to New Labour‘s vision. While the idealism of those years is now derided, I prefer it to the negativity of today’s commentary. Listening to … Continue reading

Posted in Bankers, corporate governance, Henry Tapper blog, Jersey, pension playpen, pensions, Popcorn Pensions, Retirement | Tagged , , , , , , , , , , , , , | 4 Comments

DC Risk sharing aux etats de Jersey

  A year ago I wrote of the NAPF 2010 gig as our train departed Lime Street. I’m writing as my train pulls out of Piccadilly-Joanne may be aboard. I hope she’s not bought another first class ticket as this train has been … Continue reading

Posted in annuity, EU Solvency II, mallowstreet, pension playpen, Retirement, Salford Quays, Treasury | Tagged , , , , , , , | 14 Comments

Play Pen on Public Sector Pensions

Following robust debate over pie ale and an October Pimms, the 16 members of the Pension PlayPen split 8/8 on the motion  “the pensions paid to the public sector are unfair”. However there was a healthy majority of 13 to 3 that … Continue reading

Posted in annuity, corporate governance, Jersey, NEST, pension playpen, Retirement | Tagged , , , , , , , , , , , , , , , , , , | 3 Comments

Post not that ye be not judged

“Relying” on on-line profiles is a problem that needs attention from us all, not just those in Government. Continue reading

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The Ilford ruling-who won?

The Ilford ruling will require trustees to concentrate on sound investment strategies and stop the practice of securing tip-top pensions at the expense of Joe the tax-payer. It will require companies to pay more attention to the risk management of their pensions rather than relying on a Government lifeboat.

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How will Jersey deal with its pension liabilities?

I’m following the interractions between Jersey’s stakeholders with great interest. The island has much to offer the mainland (and Europe) as a test bed for pension reform. Continue reading

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