Tag Archives: jo cumbo

Jo Cumbo remembers Port Talbot

Posted on April 29, 2023 by henry tapper

If you could go to one of the two Facebook support groups for mis-sold BSPS pension Scheme this bank holiday weekend, you’d find this post Al Rush has put the last four minutes of this week’s VFM podcast, the minutes … Continue reading →

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The wonderful visit to OZ – Jo Cumbo reports from a land down under.

Posted on February 28, 2023 by henry tapper

Jo Cumbo is an Australian living in England who makes no bones about where her heart is! Been living abroad for two decades but the first glimpse of home soil after a very long flight gets me every time. 🇦🇺🇬🇧 … Continue reading →

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Selling pensions by the sausage not the sizzle!

Posted on February 8, 2023 by henry tapper

  There’s an interesting debate going on in Australia about what sells Super. Super is the Australian system of delivering retirement income from workplace savings (it’s short for Superannuation) – a pension paid to a retired employee who has contributed … Continue reading →

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Do speculative opinions of future value have a place in VFM statements?

Posted on February 1, 2023 by henry tapper

Jo Cumbo’s post deserves a proper answer Looking for comments on the Government’s proposals to allow #pension providers to use estimates of future investment performance, in their new value-for-money assessment. To be clear, this is about the provider estimating returns … Continue reading →

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2023 is not an hour old before pensions hit the headlines

Posted on January 1, 2023 by henry tapper

The first thing I read in 2023 was the lead story by Josephine Cmubo in the new year’s day edition of the Financial Times. Her article reignites the fires flaming before the Christmas break over the purpose of pension scheme … Continue reading →

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2022 – the FT’s pension journalism – “unbroken”!

Posted on December 21, 2022 by henry tapper

Now the year is over, night is drawing nigh, yet more consultations, drift across the sky! One of the brightest thing to happen in a dark year, has been the development of outstanding pension journalism within the FT. I don’t … Continue reading →

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WPC hears from providers and consultants on LDI

Posted on December 8, 2022 by henry tapper

There have been big losers from the LDI crisis. It has been going on all year but intensified following the Bank of England’s switch from easing to tapering and intensified again after the announcement the next day of the ill-fated … Continue reading →

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The Funded Pension System – as an engine of economic growth – has hit the buffers.

Posted on November 9, 2022 by henry tapper

  In a major article , labelled an FT “big read, Jo Cumbo and Jonathan Ely , examine the LDI crisis and try to establish how pension schemes will change the way they invest. In its central session it contains … Continue reading →

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Waking up to systemic risk signalled by the LDI crisis.

Posted on October 26, 2022 by henry tapper

It’s estimated that the “leverage” or borrowing within LDI inflated the exposure of UK pensions to long dated and index linked gilts by £1tr (£500bn became £1.5 trillion through the use of shadow banking). These numbers are so huge that … Continue reading →

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What is “useful content” on LDI and who should publish it?

Posted on October 20, 2022 by henry tapper

John Belgrove , who has long been a friend to this blog , has published on Linked-in a Venn diagram. This is not an ad hominem attack on John, he is being helpful in articulating a commonly held view (judging … Continue reading →

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