Tag Archives: Michael Johnson

I was ashamed of my pension colleagues


Yesterday, as a guest of CWU’s Deputy General Secretary , Terry Pullinger, I spent a morning at the Westminster City Forum’s conference on Next Steps for UK Pension Funds. The Conference dealt with the regulation of DB pensions, consolidation and the future … Continue reading

Posted in pensions | Tagged , , , , , , , | 3 Comments

CDC has cross-party support, it also needs cross-departmental support.


I was at a CDC Forum yesterday with people from the DWP and various pension experts, I can’t say who or what they said but suffice it to say that this was “large employer stuff”. Necessarily this is where the … Continue reading

Posted in CDC, pensions | Tagged , , , , , | Leave a comment

More CDC nuts and bolts- this time from Kevin Wesbroom


  Rt Hon Frank Field MP Work and Pensions Committee c/o Clerk of the Works and Pensions Committee House of Commons 7 Millbank, London, SW1P 3JA Dear Frank and colleagues Michael Johnson’s Commentary on Collective Defined Contribution (CDC) Michel Johnson … Continue reading

Posted in pensions | Tagged , , | 1 Comment

“Why Michael Johnson’s so wrong!” – Con Keating


Michael Johnson’s letter to Frank Field & Co on CDC (reproduced in full here) was a real disappointment. I had expected more; a new and closely reasoned critique, passionately believed, perhaps. What I got was a tired and repetitive rehearsal … Continue reading

Posted in annuity, blockchain, CDC, defined ambition, defined aspiration, pensions | Tagged , , , , , | 2 Comments

Johnson misses the point; CDC is for the common man


  I don’t know whether Michael Johnson is being obtuse or obstructive, but either way, his letter to the Financial Times, misses the point.    A small cabal of consultants to the pensions industry has been banging the collective defined … Continue reading

Posted in CDC, pensions | Tagged , , , | 1 Comment

Auto-protection from an autodidact (the joy of Johnson).


One of the joys of Michael Johnson’s 40 or so papers on pensions is that you never know what to expect next. Johnson deliberately sets himself apart from the industry to rail at it. He is at his best when … Continue reading

Posted in pensions | Tagged , , , | 3 Comments

Poking sticks at LGPS in a “shouty” report – Johnson just isn’t helping.


In 2013 Michael Johnson of The Centre for Policy Studies  published a paper “the local Government Pension Scheme; opportunity knocks” http://tinyurl.com/jru498m. Today he publishes the sequel, “the LGPS- the lost decade”. http://tinyurl.com/jtz2jwx In the intervening period, Johnson has seen none … Continue reading

Posted in pensions | Tagged , , | 1 Comment

Ignore “bad “; let’s big-up good asset management!


The asset management industry will get nowhere trying to defend bad practices. It should be celebrating its success stories. We have good active managers in this country and we have good passive managers, protecting bad practice among bad asset managers … Continue reading

Posted in consultant, corporate governance, customer service, pensions | Tagged , , , , , | 3 Comments

Why we can’t dissolve fund management like monasteries


  If you had to pay for advice – would you pay for judgement or luck? Con Keating makes an important point in response to my blog, in denial and in disgust it is required by statute to retain an … Continue reading

Posted in actuaries, pensions | Tagged , , , , , , | 15 Comments

It’s a lot harder than that – Mr Bee!


Pensions are hard – you cannot disrupt them into being easy I’ve been accused of not taking pensions seriously, Hugh Pym, then the BBC’s chief economics correspondent, smiled indulgently and reminded me that the BBC couldn’t mention an organisation called Pension PlayPen … Continue reading

Posted in pensions | Tagged , , , , , , , | 1 Comment