Tag Archives: Pension Protection Fund

Don’t panic about Carillion’s pensions.


The fate of Carillion as a company is in the balance. Up to 20,000 jobs are at risk. Bond and equity holders are likely to lose substantial sums. Carillion driven projects are likely to suffer and 28,000 members of Carillion … Continue reading

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30,000 is a lot of people.


At Wednesday’s hearing of the Work and Pensions Select Committee, Allan Johnston (Chair of the Trustees) told us that there were some 30,000 people who had yet to submit their option to BSPS in their Time to Choose. Although he … Continue reading

Posted in BSPS, drawdown, pensions | Tagged , , , , , | 7 Comments

The pension transfer debate can’t be left to experts!


I’m a big fan of outright hostility on social media, especially if it is directed at me. I don’t rate myself as anywhere near as good as Paul Lewis – who is the master at absorbing and developing such hostility … Continue reading

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Good and bad news for Tata’s pension scheme


BSPS members down but not out The deal facing members of the British Steel Pension Schemes(BSPS)  isn’t great , but it’s a whole lot better than that predicted. What’s clear is that there won’t be much future accrual of defined … Continue reading

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Shutting the stable door?


  We probably know more about the solvency of our defined benefit pension schemes than we have ever done. They are subject to rigorous examination by Experian who stress test them for failure to calculate their levy to the Pension … Continue reading

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A Faustian Pact that could hurt us all


In a potentially disastrous development to the negotiations around British Steel’s pension benefits, the Government is  considering allowing the rights of British Steel workers (including those drawing their pensions) – to be cut. There is no precedent for this. Pensions … Continue reading

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How we sort the master trust problem


  I sat next to someone at a meeting yesterday whose demeanour, ideas and the articulation of those ideas, was so impressive that I was at times scared to open my mouth. I felt in the presence of greatness. I’ve … Continue reading

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Learning to live from what’s in the (pension) pot


  Today’s the red letter day for the Pension Regulator (and to a lesser extent- the Pension Protection Fund) , when they find themselves under the scrutiny of the DWP Select Committee. In question is the competence and capability of both … Continue reading

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How Pensions are getting fairer.


I was speaking with a Scottish friend , an academic and one of the few  politicians I know who was brought up without a lot of money in the family. I had to phrase that carefully, for when  I first wrote … Continue reading

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Addiction


Addiction is not a word that resonates positively. But we had a discussion yesterday centred on getting people addicted to properly managing their money, in which the word seemed entirely appropriate. People get addicted to courses of action resulting from a … Continue reading

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