Tag Archives: Sharon Bowles

LDI’s origin story is crucial to its future.

The question of how leveraged LDI came to become business as usual for DB pension schemes is raging at the Work and Pensions Committee. After a request from Committee Chair – Stephen Timms – the Pensions Minister has sent this … Continue reading

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DB pensions are in a hole, let’s swap the DWP’s spade for a ladder

    Bowles my liege… It’s a great shame to read Guy Opperman excising Sharon Bowles amendment to the Pensions Act. The Bowles amendment  would give open pension schemes the capacity to be funded as ongoing concerns rather than being … Continue reading

Posted in dc pensions, de-risking, DWP | Tagged , , , , , , | 2 Comments

What will be the Government’s pension agenda for 2021?

This article is about the DWP’s pension policy agenda and my view of what matters to the Pensions Minister and his department. Opperman has shown considerable leadership in recent years and my view is that he is in a strong … Continue reading

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Clacher and Keating blog “Bowles to the Regulator”.

We have received and responded to over one hundred questions, comments and criticisms arising from them. Not one has come from the Pensions Regulator. We have no evidence that the Regulator is listening to us or anyone else. Constructive engagement requires constructive listening, not selective hearing. Continue reading

Posted in actuaries, advice gap, pensions | Tagged , , , , , , , | 8 Comments

The Killing of Open Schemes – Michael Bromwich

  Michael Bromwich has been the CIMA Professor of Financial Accounting  at the  LSE since October 1985  . He is the co-author of “Management accounting in a digital and global economy” and one of Britain’s authorities on the subject. His … Continue reading

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

Prem Sikka’s peerage – its value to accounting , governance and pensions

Prem Sikka, too, is an appointment to be welcomed as strengthening the Lords pensions team. Read his monograph from 2006, “Pensions crisis a failure of public policymaking”, https://t.co/xBHu7dgVKJ. Chapter 2: THE PENSIONS CRISIS: FACT AND FICTION explains the valuation and… … Continue reading

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The mess we’re in (pt.1) and how we got here.

Iain  Clacher and Con Keating Since their heyday in the 1990s, UK occupational DB schemes have been winding up at a rate of about one every two days. Their replacement, DC schemes, are a poor substitute; they are tax-advantaged savings … Continue reading

Posted in accountants, actuaries, advice gap, pensions, trustee | Tagged , , , , , , , | 1 Comment

Lords say “no” to the “dumping” of open DB pension schemes!

This blog pays  tribute to someone of whom I knew nothing but a couple of weeks ago but who has made an extraordinary contribution to UK pensions by means of what should be  known as the Bowles Amendment. The Bowles … Continue reading

Posted in Bankers, CDC, dc pensions, de-risking, DWP, pensions | Tagged , , , , | 3 Comments