The self-employed commonly have very lumpy income streams plus periods of feast and famine. Their lack of income security means…
This particular question wasn’t asked or answered but Oliver was very clear that the launch is only the start. The…
Priest Alaska brought back the woman I love after another man nearly destroyed our marriage. My wife’s personality had changed…
Priest Alaska brought back the woman I love after another man nearly destroyed our marriage. My wife’s personality had changed…
Tag Archives: L&G
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
Posted in pensions
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
Posted in pensions
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
Who really wins from DB’s “risk transfer” to insurers?
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
Posted in pensions
Tagged Aviva, buy-out, Canada Life, Insurers, Just, L&G, Phoenix, PIC, Rothesay Life, Scottish Widows
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Workplace pensions may outgrow insurance platforms. but when?
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
Posted in pensions
Tagged custody, L&G, NEST, Nico Aspinall, Pensions, workplace Pensions
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As cryptocurrency adoption continues to grow, scams, hacking incidents, fraudulent investments, and lost wallet credentials remain major challenges. TECHY FORCE…