Tag Archives: Pension Protection Fund

Why Steelworkers should question this pension buy-out.

Posted on October 23, 2020 by henry tapper

  News that Pension Insurance Corporation (PIC) has rescued those former members of the British Steel Pension Scheme who are currently in the PPF assessment period has been widely promoted by PIC’s financial PRs and got some  favourable coverage in … Continue reading →

Posted in age wage, BSPS | Tagged , , , , , | 10 Comments

Don’t panic about Carillion’s pensions.

Posted on January 15, 2018 by henry tapper

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 →

Posted in pensions, Pensions Regulator, Retirement | Tagged , , , , , | 8 Comments

30,000 is a lot of people.

Posted on December 15, 2017 by henry tapper

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!

Posted on May 28, 2017 by henry tapper

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 →

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

Good and bad news for Tata’s pension scheme

Posted on December 10, 2016 by henry tapper

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?

Posted on May 30, 2016 by henry tapper

  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 →

Posted in pensions, Pensions Regulator, Retirement | Tagged , , , , , , , , , , | 3 Comments

A Faustian Pact that could hurt us all

Posted on May 26, 2016 by henry tapper

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 →

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

How we sort the master trust problem

Posted on May 24, 2016 by henry tapper

  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 →

Posted in pensions, Retirement, workplace pensions | Tagged , , , , , , , , | 4 Comments

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

Posted on May 9, 2016 by henry tapper

  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.

Posted on September 12, 2015 by henry tapper

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 →

Posted in pensions, Pensions Regulator, Ros Altmann | Tagged , , , , , , , , , , , , , , , , | 4 Comments