Thank you very much for this comment which I will use in future posts. Whoever you are "anonymous" , I…
I would be very happy to help in setting this up ; henry.h.tapper@gmail.com or 07785 377768 if you'd like to…
Dear all, Regarding the potential acquisition of the "Lady Lucy" for £75,000, I have set down some initial thoughts on…
The foundational social contract of UK pensions was established under a clear compact: Exempt-Exempt-Taxed (EET). Savers agreed to sacrifice current…
Tag Archives: LDI
Is the DB funding code any good? Ask sponsoring employers.
It’s been a tough week for the Pensions Regulator. They came off second best at the WPF, both to the line of questioning from Stephen Timms, Nigel Mills and others, but also to the FCA who were able to … Continue reading
Conventional and Index Linked Price Performance – Clacher and Keating
Conventional and Index Linked Price Performance Iain Clacher & Con Keating Acknowledgement: We owe thanks to Jon Spain for data and insights into Retail Price Inflation (RPI). We also note that he raised concerns over Liability Driven Investment (LDI) as … Continue reading
The Mail exploits pension saver’s ignorance – who’s fault is that?
There is a lot wrong with this article, but one thing that is right is that performance matters and matters to the people who are using workplace pensions. If it didn’t matter, the Mail would not publish articles like this, … Continue reading
We’re now asking some big questions about DB funding.
One of the big questions behind the LDI debate is at what point so much of the Occupational Pension Schemes are now backed by Government Bonds (gilts) that the Government pays them. This argument is regularly made by JNAMDOC on … Continue reading
Parliament’s six challenges to LDI
Things are not going to be the same for fiduciaries, advisers or managers of DB pension schemes. That was the big message coming out of the lengthy evidence session conducted by the Work and Pension Committee on December 14th. … Continue reading
Work and Pensions Committee and the Pensions Regulator ; Iain Clacher & Con Keating
This morning the Pensions Regulator will be giving evidence to the Work and Pensions Committee’s inquiry into Liability Driven Investment. Charles Counsell, the Chief Executive of the Pensions Regulator, wrote a letter to the Lord’s Industry and Regulator’s committee … Continue reading
Can private markets improve DC outcomes? – We must trust our Trustees.
Private market investments are dark horses. We can see they make people rich but so far, those riches have not been shared with people saving for their own retirement. Lee Hollingsworth asks the reasonable question, “why is private equity so … Continue reading
TPR, FCA and PPF give LDI evidence tomorrow
The Work and Pensions Committee’s Oral evidence sessions have proved the most accessible and wide-ranging of the various inquiries into what happened when LDI blew up in September and October. Tomorrow, Weds. 14th, the WPC meet again This is likely … Continue reading
Parliamentary evidence impugned; £500bn LDI loss explained.
John Ralfe has written the following to the Work and Pensions Committee. Supplementary evidence from John Ralfe Consulting Ltd Thank you for the opportunity to give evidence to the Committee, which I hope you found useful. During the session Professor … Continue reading
Professor David Blake’s early LDI warning to TPR
Professor David Blake is Director of the Pensions Institute at Bayes Business School. This is his evidence to the Work and Pensions Committee and is published here with his permission. I have just listened to the panel session:https://parliamentlive.tv/event/index/ce2d2ff4-204c-4bb2-b34c-f6437f47a95d I agree … Continue reading
There is an alternative view of "ownership" which is that people own a stream of income for as long as…