Tag Archives: superfunds
Pensioners look on as insurers gloat.
There is something wrong about this. Insurers should not gloat that they will be investing what is currently our pension fund money. The insurance companies expect £550bn of our money to insure and reinsure promises already secured in pension schemes. … Continue reading
Posted in pensions
Tagged Aberdeen, Insurers, pensioners, Stagecoach, Standard Life, superfunds
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“Is this Government really interested in Pension Superfunds?” – asks Gupta
New Capital Consensus are a group of thinking people including my friend Ashok Gupta who want to see policy through to action. I’m not quite sure why I and AgeWage are included on this post, but I’m pleased they … Continue reading
Posted in pensions
Tagged Ashok Gupta, DB, dc, Insurers, Pensions, superfunds, Torsten Bell
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Nick “the bushes” Chadha entertains, educates and explains Stagecoach’s pension.
I was surprised and pleased to find Nick the Bushes on the VFM podcast this week. This podcast has taken a turn for the better this year with a string of guests who are prepared to talk about pensions rather … Continue reading
The legacy of risk aversion haunts superfunds
I no longer have anything to do with superfunds, of whatever form, but I am sorrowful that part of the Government has yet again shown it is captured by an aversion to growth. There is nothing that superfunds are exempted … Continue reading
“Take the small DB scheme seriously?” We don’t and we won’t- at this rate.
In some brooding over the small DB schemes left in the private sector yesterday, I prompted an email that I will quote from. I gave six reasons for there still be nearly 5,000 of the expensive to run and questioned … Continue reading
Posted in advice gap, pensions, Pensions Regulator
Tagged actuaries, DB Scheme, small, superfunds
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Time for Government to think bigger on Defined Benefit pension surpluses?
I was wondering , when pondering the OBR’s estimates for the taking of surplus out of defined benefit pension schemes why they only expected less than 1% of the money in DB surpluses to make its way into the hands … Continue reading
Superfunds jeopardized by regulatory torpor and timidity
One of the key planks of the Mansion House reforms needs is in urgent need of regulatory attention. There may be legislation and guidance enabling Pension Superfunds to consolidate DB plans, but without revision, the Pension Regulator’s guidance looks … Continue reading
Truell claims buy-out “reinsurance” is “superfunds through the back-door”.
I recently reported on the Bank of England and Prudential Regulatory Authority’s concern that Insurers were passing on the management of assets and liabilities via reinsurance using captives in Bermuda and other offshore havens. This strikes the common reader as … Continue reading
PPF to the rescue! Could Britain’s £40bn lifeboat put pensions back to work?
In a move that gets the thumbs up from this blogger, the FT report the Treasury eying up the Pension Protection Fund to take on assets and liabilities of smaller and weaker DB pensions , stuck at the back of … Continue reading
PEXIT – Why is there a consolidation crunch?
For years the Government has argued that there are too many occupational pension schemes and promised to make it easier for trustees of DB and DC pension schemes to resign their obligations , passing them to commercial organisations … Continue reading