Tag Archives: Liquidity

HSBC buys SVB UK for £1? What will the SVB collapse mean for pensions?

Posted on March 13, 2023 by henry tapper

Things certainly move fast in the world of banking. The Federal Reserve  made this announcement earlier this morning; Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system. This step will … Continue reading →

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“I’m all right, Jack” – LDI apologists get short shrift from Keating and Clacher

Posted on November 3, 2022 by henry tapper

This blog is written in response to an FT article entitled “A different perspective on LDI”. We quote it in its entirety and respond after each quotation. LDI is very far from the light entertainment of an Ealing comedy. “It … Continue reading →

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Will DB schemes scrambling for cash – cause further carnage?

Posted on September 27, 2022 by henry tapper

I spoke to one CEO of a large DB pension scheme yesterday evening who had spent the day arranging to liquidate a large proportion of the scheme assets to pay the margin calls on its LDI portfolio. The amounts of … Continue reading →

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“The new bargain” – in conversation with Ros Altmann

Posted on April 7, 2021 by henry tapper

This blog is in response to Ros Altmann’s comments on Mark Fawcett’s “new bargain”. It is good that this discussion is happening, though my thoughts are amateur and are driven by opinion rather than a deep understanding of private markets. … Continue reading →

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Herding , Woodford and platforms

Posted on June 6, 2019 by henry tapper

Adam Norris , the genius behind much of Hargreaves Lansdown’s success told me how he switched money in bulk from Equitable Life onto the HL platform. He read the society’s rules and discovered that as an Equitable policyholder, he was … Continue reading →

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AgeWage goes public tomorrow – this is why you should invest today!

Posted on March 24, 2019 by henry tapper

http://www.seedrs.com/agewage Today is the last day before we go public with our crowdfunding. Since Wednesday we have been in private mode and so far 60 investors have invested around £140,000. We have promised today of a further £25,000 meaning that … Continue reading →

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Chris Hitchen’s plea to the FCA on transparency.

Posted on March 14, 2016 by henry tapper

It’s good that the PLSA have published the speeches at its investment conference on youtube. Here is a debate started by a speech from Tracey McDermott of the FCA that generates some really useful discussion  on “where the market is … Continue reading →

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Deja vu all over again (with apologies to Yogi Berra) – guest blog from Ralph Frank

Posted on December 15, 2015 by henry tapper

The recent announcement that the Third Avenue Focused Credit Fund (“FCF”) has blocked investor redemptions brings flashbacks to 2007.  The suspension of redemptions from three BNP Paribas funds, following similar actions by Bear Stearns and Union Investment Management, passed relatively … Continue reading →

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Why the Autumn Statement was so important for pensions

Posted on November 30, 2015 by henry tapper

Last Thursday I pointed out how the introduction of a Stamp Duty Land Tax (SDLT) could be the most significant statement on pensions that Osborne never made. Paul Lewis has blogged the details, follow his twitter timeline to see the Q&A … Continue reading →

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