Tag Archives: Philip Green

Let’s put an end to pension transfer privilege.

“Sexy cash” legitimised? A few years ago , Sir Steve Webb, then our pension minister, stood in front of the PLSA and berated Boots and its pension scheme for tempting members out of the pension scheme with cash incentives. He … Continue reading

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The weight of a nation v the next Philip Green

The DWP Select Committee, currently the only centre of pension’s expertise in the House of Commons, has called for written evidence on Defined benefit (DB) pensions regulation by the Pensions Regulator (TPR), including: the adequacy of regulatory powers, including anti-avoidance provisions … Continue reading

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Get off your boat, get back to the Regulator, go and write a whacking big cheque.

A paraphrase of Frank Field’s advice to (Sir) Philip Green, after the publication of a damning report into the failure of governance that Green created in his 15 years in charge of BHS. Here is his press comment “One person, … Continue reading

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The still small voice of the (BHS) pensioner

  I think back now to the people with whom I worked in BHS – by and large decent and hard-working folk, who had little prospect of ever being well-off unless they won the lottery or their Premium Bond came … Continue reading

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A tale of two failures. (BHS and Tata Steel)

BHS and Tata Steel; they have a lot in common BHS is a  failed retailer, a tired brand with 11,000 employees and a medium sized pension scheme with a hole in it. Tata Steel is a failed steelmaker, an iconic business … Continue reading

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Putting yourself second – what a boss should do.

There is no law that says you should be polite. Standing aside from someone getting off a train, opening doors for the elderly and those with push-chairs, paying your pension bills before paying your dividend, these are all things we … Continue reading

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Altmann standing up for Pensions

I read this account of the Pension Minister’s rebuff to Lord Myners with some pride. Well done on Ollie Smith of Citywire for picking up on it. What Ros Altmann was saying is crucially important. The Pensions Regulator is there to … Continue reading

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How well protected are you if your pension scheme goes bust?

Not since the early years of the century has so much attention been paid to the solvency of our defined benefit pension schemes. The triple whammy of Tata Steel, BHS and Austin Reed’s schemes will potentially hit the Pension Protection … Continue reading

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Royal London’s IGC kicks off reporting

Royal London’s IGC yesterday became the first to report on its activities in the past 12 months. The report is 9 pages long , is readable and contains some substantive improvements which the IGC has negotiated with Royal London to … Continue reading

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