Tag Archives: L&G

Work Pensions do deals NOW in UK private markets (not just offer LTAFs).

While the ABI hurried out a paper I wrote about over the weekend saying insurers had invested next to nothing (0.24% of £268bn)  in retail workplace pensions (around £650m), institutional investment is  a different matter for organisations seeing investment as … Continue reading

Posted in pensions | Tagged , , , , , , | Leave a comment

L&G IGC report – advanced tech but short on our VFM info!

I’m a policyholder with L&G and have just over £600,000 having taken over £180,000 this time last year to pay off my mortgage. The IGC is my means of understanding what is going on at L&G and I’m looking forward … Continue reading

Posted in pensions | Tagged , , , , | Leave a comment

Insurers mobbed by small DB plans; – but £bn + business is drying up

Thanks to Martin Richmond of Professional Pensions and Charlie Finch of LCP for giving us a heads up on the shift towards insurance in 2025. Bulk Purchase Annuities are being exchanged for the assets of small DB pension plans but … Continue reading

Posted in pensions | Tagged , , , , , | 1 Comment

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

Posted in pensions | Tagged , , , , | 1 Comment

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 , , , , , | Leave a comment

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

Posted in pensions | Tagged , , , , , , , | 6 Comments

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

Posted in pensions | Tagged , , , , , , , | Leave a comment

(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

Posted in pensions | Tagged , , | 8 Comments

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

Posted in pensions | Tagged , , , , , , | Leave a comment

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

Posted in pensions | Tagged , , , , , | 2 Comments