Tag Archives: L&G
BOE concern over US private capital taking pensions off to Bermuda
The FT are picking up on a speech by the Bank of England You can read that speech here Vicky White highlights new innovations in the UK life insurance sector, focusing on Funded Reinsurance and capital in the Bulk Purchase … Continue reading
L&G and Aviva argue for Australia as the “silver bullet” for the Pension Schemes Bill
You can follow this session from this link, it is the last session of the morning with the Government Committee Unfortunately the wrong people had been put forward by Aviva (Dale Critchley) and L&G (Colin Clarke) to talk about surplus … Continue reading
Posted in pensions
Tagged Aviva, Colin Clarke, Dale Critchley, L&G, Pension Schemes Bill, Pensions
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PENSION RISK TRANSFER INDUSTRY – Push Back and Critique
This paper has been sent to Pension PlayPen to accompany the presentation given by William McGrath and Con Keating on Tuesday 2nd September. The video and slides of this presentation are available on this link. This is the final piece … Continue reading
What’s happening to L&G’s shares matters to our pensions
On Friday, the FT brooked a story which at first site is a bit obscure, concerning Japanese and American businesses. Legal & General has brokered a deal to sell its US insurance business to Japan’s Meiji Yasuda for $2.3bn in … Continue reading
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Tagged AE, AE reforms, annuity, Business, Employment, L&G, National Employment Savings Trust, Pensions
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(NO) time to hit the pensions panic button.
Those over the age of 55 are panicking over the possibility that the chancellor could slice the cap on tax-free cash to as low as £100,000. I do not think this will happen, but many people with large pensions are … Continue reading
How Standard Life’s Master Trust could be a world beater.
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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Tagged Cushon, L&G, NEST, Pensions, Smart, Standard Life, workplace Pensions
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The price members are paying to de-risk their employer’s balance sheet.
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
Accepting this nonsense is foolish and dangerous
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
BSPS, all shall be well and all manner of things shall be well
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
L&G IGC – inaction is not an option.
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