Tag Archives: L&G

How Standard Life’s Master Trust could be a world beater.

Posted on March 29, 2024 by henry tapper

Over this Easter weekend, Helen Dean, former CEO of Nest and one of the architects of auto-enrolment, will take over as Chair of Standard Life’s Master Trust. Big challenge 1.0 She can look back at this statement, made when she … Continue reading →

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The price members are paying to de-risk their employer’s balance sheet.

Posted on March 2, 2024 by henry tapper

How did the Boots pension scheme change? It was bought out by Legal & General Why couldn’t Jon Swinson retire? Because Boots paid L&G £640m to buy-out their pension liabilities rather than pay pensions they’d promised but didn’t guarantee. Boots … Continue reading →

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Accepting this nonsense is foolish and dangerous

Posted on November 30, 2023 by henry tapper

The headline poses a question that I suspect emerged from a marketing team meeting rather than LGIM’s member research. I was at a recent meeting of Legal & General savers – one of over 10,000 on a Teams call. I … Continue reading →

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BSPS, all shall be well and all manner of things shall be well

Posted on October 20, 2023 by henry tapper

My favorite session of the PLSA (by some way) was the opening session of the third day when Derek Mulholland (CEO of BSPS through all its troubles) , the current Chair of Trustees- Keith Greenfield , its adviser – LCP’s … Continue reading →

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L&G IGC – inaction is not an option.

Posted on October 8, 2023 by henry tapper

L&G has a new IGC Chair and Joanne Segars has the unenviable task of reporting on 2022, which by any standard  – was not a vintage year for DC savers. Unfortunately , L& G did not have a vintage 2022 … Continue reading →

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Who really wins from DB’s “risk transfer” to insurers?

Posted on July 10, 2023 by henry tapper

In a long and well -informed “big read”, the FT has published its thoughts on the structural shift in DB pension provision known as bulk buy-out. The article begins with the memories of 71 year old John Shaw and the … Continue reading →

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Workplace pensions may outgrow insurance platforms. but when?

Posted on March 15, 2023 by henry tapper

Nico Aspinall had a conversation with me at yesterday’s Pension PlayPen coffee morning at which  he likened occupational pensions to infants learning to ride a bike. The analogy was between walking with a life platform and cycling with a custody … Continue reading →

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Farewell Sir Nigel – a force for good at L&G (and wider).

Posted on January 30, 2023 by henry tapper

Sir Nigel Wilson has announced he plans to step down as Group CEO of L&G Wilson joined Legal & General Group in 2009 as Chief Financial Officer and was appointed Chief Executive in 2012. Shareholder value Since joining , the … Continue reading →

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Stewardship of money in workplace pensions – my jaundiced-eye view!

Posted on January 20, 2023 by henry tapper

Having read 179 pages of FCA consultation, my head’s a little clearer on how we can make our money matter. Firstly we can invest in things that in themselves improve life on the planet and secondly we can invest through … Continue reading →

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Can these insurers become useful to pension savers again?

Posted on January 14, 2023 by henry tapper

    Time was when people regarded a pension as an insurance against getting old, right now insurers compete with master trusts and SIPPs for the nation’s retirement saving and the staple features that made them indispensable seem increasingly irrelevant. … Continue reading →

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