Tag Archives: PRA

Who’s taking and who’s benefiting from increased risk when pensions “buy-out”?

Posted on January 18, 2023 by henry tapper

I’ve been hearing a lot about an argument going on behind the scenes between the Bank of England and the big boy’s regulator the “Prudential Regulatory Authority” and on the other side – the Government – (parliament). The argument is … Continue reading →

Posted in pensions | Tagged , , , | 2 Comments

Was Andrew Bailey just the wrong man for the FCA job?

Posted on June 14, 2022 by henry tapper

Nearly five years after the event, the former CEO of the FCA Andrew Bailey was called to the Public Accounts Committee to answer questions on the FCA’s unpreparedness for what is now known as the British Steel mis-selling scandal. You … Continue reading →

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

We need to know what goes on behind closed doors.

Posted on February 13, 2022 by henry tapper

  “The life chances and financial security of millions of people across the country depend on the timely and successful reform of this key piece of financial services regulation,” -Tracy Blackwell- Pension Insurance Corporation. Tracy Blackwell is right. Any reform … Continue reading →

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Is TPR setting too high a bar for CDC?

Posted on January 26, 2022 by henry tapper

If you’re thinking of running a CDC scheme, make sure you have deep pockets. The application price alone is an eye-watering £77,000. This compares with £23,000 to apply for master trust authorisation. No one will make an application without being  … Continue reading →

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

Judge rules that people matter (shock)

Posted on August 20, 2019 by henry tapper

What does that do to the buyout market? — andrew young (@glesgabrighton) August 19, 2019 Adrian is right, Andrew is barking up the wrong tree! The issue here is not “what does this mean for the bulk annuity market, but … Continue reading →

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Why we have no time for “Banker Immunity”.

Posted on October 8, 2014 by henry tapper

  We have not seen bankers marched in handcuffs from their desks but now it seems we might. The regulators have put-out a consultation paper that seeks to pin accountability on Directors (including non-executive Directors). A good friend of mine … Continue reading →

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