"A couple might scrape together a combined private capital base of £240,000 provides only around £9,600 to £11,000 per year…
Aitken is most concerned with life insurers/assurers. Warren Buffett invested in non-life insurers for their distinctive economics, particularly the investment…
Agreed - though the contribution rates into private sector DB when we were accruing was often less than deficit payments…
my point is a simple one. Apart from DB pension provision in the U.K. is a disgrace Individual Median Pension…
Tag Archives: LGPS
Steve Simkins: LGPS prudence will cost councils dear
As council pension funds prepare to set employer contribution rates for the next three years, excessive levels of prudence could see councils paying more than they need to, writes a partner at Isio. There has been a fundamental shift in … Continue reading
Britain needs LGPS’ Pools of excellence to turn pots to pensions!
Steve Simkins is a smart actuary who works for Isio but thinks for us all and in this post he asks some questions that I have been asking in my head and asked at a recent Conference mainly delegated by … Continue reading
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Tagged #Pensiondebate, CDC, LGPS, pension, Pension Commission, Steve Simkins
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Dr Chris Sier; 1966 to 2025
Chris Sier has died aged 58, rigorous to the end he finally lost his long fight with Colon Cancer diagnosed in 2023. He has been seeing friends at his bed in Guys hospital and those who have said goodbye all … Continue reading
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Tagged AgeWage, chris sier, Clearglass, Funds, Leeds, LGPS, Newcastle, Pensions, pools, university
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We have a Government that respects pensions – let’s be thankful.
Politics are playing the right way right now. The Pension Minister has never got the prominence that Torsten Bell got last week when making announcements on how pensions were an important part of British pension policy. There is a video … Continue reading
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Tagged Exchequer, HMT, LGPS, Pensions, Public Pensions, Rachel Reeves, Torsten Bell
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LGPS – £147bn is an ECONOMIC MIRACLE – what should be done?
Where to do with the financial strength of Local Government Pension Funds? Let’s not be shy about this. LGPS employers have put a lot of money into their schemes over the past 20 years to keep their pension obligations. It … Continue reading
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Tagged AgeWage, CDC, Collegia, LGPS, Pensions, Public finance, Sam Seaton, Steve Simkins, Torsten Bell
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Consolidation-it’s advantages and limits from Borders
The third day of this conference and people are drifting away or getting coffee’d up in readiness for a good laugh with Louis Theroux. Meanwhile there is a discussion going on in the main hall between TPT (fresh from announcements … Continue reading
Dalriada and Smart – do you know why people still invest rubbish AVCs?
I saw this advert and received this invite and accepted. AVCs and small DC pots may be small in value — but their governance, data, and compliance risks are anything but. In this exclusive webinar, Dalriada and expert partners will … Continue reading
For Somerset and Dorset , the “slow and dirty” pension fund way – is LPPI
For those in their sixties and older “Somerset and Dorset” were linked by having a joint railway (Slow and Dirty) . Dorset and Somerset folk have always thought of themselves as different from one another! I’ve spent the weekend … Continue reading
The council tax-payer and their representatives want efficiency at LGPS
I am not dismayed that the money in pension schemes paid by council tax paid by the likes of you and me, are consolidating their fund management around 6 rather than 8 pools. I read this in the Financial Times … Continue reading
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Tagged Access, Active, Baillie Gifford, Brunel, Direct, Fund Manager, LGPS, Pensions, pools
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Long-term cost of LGPS holding too much (or little) to pay pensions.
Steve Simkins brings our attention to work being done by the Government Actuaries for the Scottish section of LGPS. In our time deprived lives, we may not have the time to ease through GAD reports, especially ones that look like … Continue reading
The image of pension professionals putting on their stout boots to face the snow is a good reminder that preparation…