"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
Access and Brunel told to pack it in; a taste of things to come?
Brunel and Access have been told to merge with others and not waste time and money thinking about alternatives. This is pretty brutal stuff and the answer to separate pools is brilliantly put forward by what has been delivered over … Continue reading
Britain not the Turkeys should win the pooling debate at LGPS
The FT finds that the 8 investment pools managing the LGPS Pension don’t want to be ONE. I am not surprised but I am disappointed. (sharing link) The eight investment vehicles that manage pension assets for town halls in England … Continue reading
How political can LGPS get! Let’s rid it of localism.
The Andrew Gwynne affair seems to have something to do with pensions, as Michael Crick reports. Tameside runs the Greater Manchester local government scheme, the largest in the UK. The gov want it to invest for growth but local councillors … Continue reading
Posted in pensions
Tagged Business, DWP, Employment, Financial services, LGPS, pension, Pensions, Treasury, workplace Pensions
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Can the LGPS please set out its funding position to ordinary tax-payers.
There is a row in Birmingham between some professors and the executive of Birmingham and it has been a matter for the Birmingham Post. I wrote about it earlier in the year and was sent the paper (which being in … Continue reading
Posted in pensions
Tagged annuity, auto enrolment, Business, Employment, Joanne Donnelly, LGPS, pension, Pensions
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Kensington’s pension scheme to fund Grenfell relief
The Grenfell tower still stands burnt out on Kensington’s deprived boundaries. Yesterday it was announced that the tower would be pulled down. A more important to those who live with family and friends dead from the incident is that there … Continue reading
Posted in pensions
Tagged advice, Business, Business and Economy, corporate governance, corporate risk, Defined benefit pension plan, LGPS
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LGPS plans to invest and not milk hard-up councils
Are you satisfied with that your Local Government has the money to meet its obligations? I would expect council tax payers up and down Britain will have pretty strong words for the under-financing of their local authority. Were they readers … Continue reading
Squeaky bum time for LGPS fund managers
By any estimation, the Local Government Pension Scheme is not running as efficiently as it could and it should. Split into 86 administrate units each running their own pot , it is supposed to get investment resources from 8 … Continue reading
LGPS mightn’t wear its smug face much longer..
The Local Government Pension Scheme is (in funding terms) in a good place. By swerving LDI and investing in growth assets, it has achieved funding levels that could not have been imagined only four or five years ago. I reported … Continue reading
Should LGPS help pay our council’s bills?
Council tax bills are capped by Government so if the cost of services exceeds the defined contribution from council tax payers, a local authority can only cut services. In this argument. I argue that rather than bring down council tax … Continue reading
Enthusiasm can get you there – LGPS at LGC Leeds
I was sitting at a reception at the end of a packed day of debate that included a dance class and intense discussion. Into the room walked Tom McPhail – looking bemused. Within minutes he was listening to a … Continue reading
The image of pension professionals putting on their stout boots to face the snow is a good reminder that preparation…