You usually need 35 qualifying years of National Insurance contributions to get the full State Pension in the UK. If…
In the states, certain retirement savings programs have unique "catch-up" provisions - where those whose income varies from year to…
NEST’s Guided Retirement Fund in the UK gets part of the way there by separating money according to its intended…
"As usual with The Times, this is a briefing about England & Wales only." I'm so old that I can…
Tag Archives: Private credit
Mortgages under threat like in 2008?
British banks are increasingly pledging higher-risk assets such as loans linked to high-interest store cards and vehicle leases as collateral at the Bank of England, a Reuters review of BoE filings shows. This explanation comes from Reuters, a team who … Continue reading
S&P reports UK insurers use of private credit to back British pensions
I am disturbed but not surprised to read concern from S&P at the increased dependency on private credit to back promises to pay our pensioners. This from an article published today by the FT written by Lee Harris , insurance … Continue reading
Naomi Rovnick talks a lot about private credit (as do the Australians)
Naomi Rovnick has been sharing the news to those who will listen for at least a year. I too am concerned about the way that the pension credit situation is being reported in the UK. I do not have her … Continue reading
Is the money to pay our pensions keeping Apollo’s private credit fund going?
What is happening in America is frightening to everyone. The American wealthy investor are turning their back on private credit and wanting their money back. Apollo are the biggest and a big buyer of UK insurance companies. They are also … Continue reading
Is HSBC wary of American finance houses offering private credit?
Almost a year after announcing the move, HSBC is yet to invest any of the $4bn it set aside for its own private credit strategy as Europe’s largest lender reels from a $400mn hit linked to an Apollo-owned credit fund. HSBC’s indirect exposure … Continue reading
“Is LGPS over-exposed to dodgy private credit?” – asks Naomi Rovnick
Thanks to Naomi Rovnick for making this excellent article available. You can find the original on this link. Before reading the summary and article below, here’s Naomi’s explanation of what’s important to ordinary readers UK council pension schemes – … Continue reading
I’m not so worried about US insurers as the pensioners who depend on their annuities
Toby Nangle is our top analyst working on American bonds , whether the credit is public or private of something in the middle. We should worry if there’s a problem with American insurers owning this stuff. Insurers using it to … Continue reading
The American financiers that buy-out our pension heritage
Does this sound familiar? It is of course the problem with selling obscure funds to those who consider the “wealth adviser” is acting for themselves not for the financial institutions they work for. As yet the likes of Apollo and … Continue reading
Posted in pensions
Tagged Appollo, Blackstone, Pensions, Private credit, US private credit
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Will US insurers buy out our pensions with recycled Blue Owl private credit?
This is a ramping up of an investment crisis which is growing in the USA but thankfully not in the UK and Europe. Private credit group Blue Owl will permanently restrict investors from withdrawing their cash from its inaugural private … Continue reading
“Push me – pull you” in our private markets and our public ones!
I am confronted by four stories on my newsfeed, all of which I know enough about to have a hunch they matter to me, but all of which worry me! Let’s deal with them one at a time. I went … Continue reading
Posted in pensions
Tagged boonds, eqwuities, Pensions, Private credit, Private Equity, Pull you, Push me, self-assessment
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Agreed!