The observation that retirees 'don't have a clue' understates the advice gap rather than member apathy. Generative tools may finally…
I stand corrected. My apologies. The only overrides to that 2007 legislation were during Covid when the earnings link was…
The earnings increases that can now be expected in2027, 2028 and, probably, 2029 are not part of the triple-lock. It’s…
I suspect you mean that the 2.5% floor won’t be the binding element in 2027? The earnings part of the…
Tag Archives: Surplus
“For countless pensioners, BP will forever be known as ‘Broken Promises'”
Everyone gets to talk about pensions except pensioners. Many people will feel that the BP pensioners are impertinent in responding to a Government consultation on the use of pension surpluses. But this blog supports the calls on BP to keep … Continue reading
BP silent as parliament speaks for their pensioners.
The BP pensioners are getting no response from BP and are asking “is this breaching BP’s Code of Conduct?” It has been argued on social media that the BP Pensioner Group should take BP and its pension trustees to court. … Continue reading
Putting members first. A proposal for the taxation of pension surpluses
My good friend “Pension Oldie” picked up on my blog yesterday about the pension surpluses currently being enjoyed by the trustees but not the sponsors or members of the BP and Shell pension schemes – and many more (mine included). … Continue reading
Surplus extraction – it shouldn’t happen to a nun
I’ve been rather carried away by the Bim and Paul show at the WPC and will continue with cheesy headlines that could dilute the impact of important pension issues. Yes I know the difference between a surplus and a surplice … Continue reading
“A little stick of Blackpool Rock”. Paul and Bim at the WPC
The Work and Pensions Committee concluded the oral evidence to its inquiry into defined benefit pension schemes by bringing together Pension Minister Paul Maynard and the Economic Secretary to the Treasury, Bim Afolami, to the party. Fiona Frobisher (soon to … Continue reading
Why have a Surplus Distribution Plan? – Peter Cameron Brown
Those who attended Pension PlayPen’s coffee morning yesterday (24/10) will have been treated to a high-powered discussion on surplus distribution from the panel and from Peter Cameron Brown, Chair of UKAS trustees and a leading figure in financial reporting. Peter … Continue reading
DB surpluses are not “the golden opportunity” of the Mansion House reforms.
WTW (as we now must call Willis Towers Watson) have identified the use of surplus as conclusive to the WTW perspective ( a four page PDF which finishes with this call to action). It would have been as unimaginable for … Continue reading
A pension surplus is of little use to an employer – it should stay that way!
This is how the DWP introduces the question of surplus funding in its consultation on options for defined benefit schemes. Incentives for employers to invest for surplus are currently quite weak. Employers have little to gain from any surplus, … Continue reading
John Lewis’ pension expected to show a surplus
John Lewis staff pension fund drops by £2.8 BILLION Pension assets slump puts pressure on John Lewis John Lewis Partnership defended the financial strength of its pension fund this weekend after it emerged that the market value of its pension … Continue reading
Why pensions need a shift from a deficit to a surplus mindset.
This blog is written as a tribute to Stefan Zaitschenko whose positive mindset has meant that his fellow pensioners have been awarded a bonus of £57m. Stefan thinks positively about pensions and is an example to us all. From deficit … Continue reading
The DWP has responded to calls for the State Pension to be increased to at least £14,500 a year –…