Tag Archives: PRA
The Bank of England fails to invest any of its £3.5bn staff pension for UK growth
This is a comment from my recent blog on the BOE and PRA’s open criticism of the DWP’s arguments for CDC. The most important criticism of the BoE pension fund is that it is not aligned with the government’s growth … Continue reading
BOE “expert” scorns his Government’s CDC reform; should we have pensions like his?
I woke on a Saturday morning to this comment from someone who works at the Bank of England. It was in response to my congratulatory blog that Mercer finally have a lead consultant to promote CDC. You can read … Continue reading
We are planning for pensions to fail and that is not a way for Britain to grow,
This appears in Mary McDougall’s timeline for her recent posting, I guess it was two months ago that this snippet appeared and I missed it but it seems rather more important since the Aberdeen/Stagecoach Pension deal. There is a future … Continue reading
Not that much “reassurance” about shifting my pension to an insurer.
I am not surprised that , ahead of publishing the numbers of the 11 insurers n the UK annuity market, the PRA has reassured us that none are currently in trouble or likely to be trouble from the risks we … Continue reading
Public Policy Adjustments to Increase UK Investment from Defined Benefit Schemes
Defined Benefit Schemes : Public Policy Adjustments to Increase UK Investment and Encourage Exercise of Discretion Policy Opportunities for HMT / DWP / DBT From William McGrath of C-Suite The impact of the measures below would be to increase investment … Continue reading
Pensioners- most at risk – have no idea what’s going on.
I have blogged on this speech recently and it’s good to see a UK insurer (M&G) putting clear blue water between us and Bermuda (pun intended). I am not sure whether any of my readers is in the process of … Continue reading
Why is Brookfield’s purchase of Just getting so much attention?
I look at the stats on my blogs at the end of the working week. This week’s were strange; the two blogs on Brookfield taking over Just had twice the reads of any other. I thought it might be of … Continue reading
Posted in pensions
Tagged BOE, Brookfield, ft, Just, Pensions, PIC, PRA, Rachel Reeves, Treasury
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Stephen Timms asks the PRA what they are up
Yesterday I wrote about a meeting between the regulatory sub-group of the Treasury Select Committee with members of the PRA and in particular Sam Woods, its Deputy Governor. On the same day that meeting was going ahead, Stephen Timms sent … Continue reading
The state of private equity and what it means for pensions
🇬🇧 Private Equity Offers Discount Fees As Dealmaking Drought Deters Investors ▫Sweeteners aimed at big backers ▫Cut-throat competition for cash ▫Industry fortunes face reversal ▫@william_louch @JosephineCumbo 🇬🇧#frontpagestoday #UK @FinancialTimes pic.twitter.com/sjXBfUpjIg — 𝙵𝚛𝚘𝚗𝚝 𝙿𝚊𝚐𝚎𝚜 𝚃𝚘𝚍𝚊𝚢 📰 (@ukpapers) August 8, 2023 I … Continue reading
Who’s taking and who’s benefiting from increased risk when pensions “buy-out”?
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