"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
How smart pensions save councils millions
The next time you look at your council tax bill, think about this! Thanks to my friend Shaun Tetley for this article which first appeared in the Management Journal. Portsmouth City Council Save Over £1.3million with Cost-Effective Employee Savings Scheme … Continue reading
Why LGPS is pension’s poster child
No pension scheme had a good 2022, but some survived a bad year better than others. Of funded schemes, LGPS emerged with flying colours. Amongst public sector schemes, being valued with reference to gilts rather than the SCAPE rate, did … Continue reading
LGPS – a model investor for the private sector?
It’s obvious Those familiar with the “au-pairs” will get the reference, in the eighties it was obvious that men and women got different treatment , though they were equal in the eyes of God (or so I thought). I think … Continue reading
Steve Webb, fresh from the Mansion House – 10.30 today at Pension PlayPen
Steve is one of Britain’s premier pension commentators , having been Minister for Pensions during the Coalition. Now he’s a consultant for LCP and he appears on every platform from the Martin Lewis Money Show to the Work and Pensions … Continue reading
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Tagged CDC, DB, dc, Jeremy Hunt, LGPS, Mansion House, pension, Steve Webb
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LGPS shows Workplace DC a clean set of heels
LGPS – the benefits of maturity One of my aims for spending three days with the LGPS crew this week was to see what a fully functioning investment community intent on ESG and levelling up – looked like. I can … Continue reading
There were, in retrospect, good reasons for Lee Rowley not to appear at the PLSA Local Authority in person He had nothing to say of substance He might have had to face an awkward question about the Government’s recent performance … Continue reading
“Dripping with Money” – a Local Government Pension Fund funding problem
Announcing unaudited annual report to April 2023, Richard McIndoe of Strathclyde Pension Fund described his funding position as “dripping with money“. -1.6% investment return for the year -£495 million investment loss for the year £27.9 billion closing value as at 31st March 2023 … Continue reading
“There is no such thing as passive Paris alignment” LGPS urged to embrace scope 4
This is one of a number of short blogs I am producing , reporting on the issues dominating the PLSA’s Local Authority Pensions Conference being held between Cirencester and Cricklade in the Cotswolds Water Park. Till recently, LGPS was thought … Continue reading
Local Authority Conference 2023 – Why I’m going.
I’m heading west this morning – hiring a car to get to the Cotswolds Water Park where the PLSA is hosting its LGPS conference. I am going for three reasons I am interested in reform to the shonky state of … Continue reading
Why pension AVCs are back as a top employee benefit.
There are a number of reasons why AVCs are increasingly popular to members of occupational schemes, most of them come down to a dirty three-letter word – TAX. A sensational tax product TAX- Budget changes mean that saving more … Continue reading
The image of pension professionals putting on their stout boots to face the snow is a good reminder that preparation…