Tag Archives: TPR

Anatomy of a crisis

    The calls on DB pension schemes for additional cash collateral arose simply because these schemes have effectively borrowed in a secured manner. While the scale of the margin calls we have seen has accelerated hugely since last week, … Continue reading

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Everybody has a plan until they get punched in the mouth – Keating and Clacher

  This is an explanatory note relating to questions posed to us arising from our series of blogs on the proposed Funding Regulations. Our fourth blog led to correspondence questioning our interpretation of the fundamental flaw in these proposals, which … Continue reading

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“If everything’s a scam, nothing’s a scam”

We’ve only had issue with XPS so far. If industry thinks a US equity tracker is “Amber” then this deranged and unworkable. If everything is highlighted as a potential scam then nothing is highlighted as a scam! — Alistair Cunningham … Continue reading

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Employers should refer staff who can’t afford their pension to MoneyHelper

Contrary to the messaging from those who have postponed the attention to pension plan and cancelled a Nest Insight seminar, the issues surrounding our day to day finances are not put on hold till we have mourned the queen. Yesterday … Continue reading

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“Reporting bosses who push workers to exit pension plans”, no answer.

  According to the FT (reporting an exclusive) , the Pension Regulator has spoken on the tricky issue facing employers this winter over staff  “pausing” or opting-out” of auto-enrolment. Exclusive: Report bosses who push workers to exit #pension plans, says … Continue reading

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Should regulators be enforcers?

  Tim Thomas asked this question at a TTF seminar  this lunchtime. His conclusion was they considered themselves a world-class regulator and a reluctant enforcer. From comments made by Andrew Bailey (former CEO) and Mark Steward (former head of enforcement) … Continue reading

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Keating and Clacher explain the threat from the proposed DWP funding regulations

DB Funding Regulations  The story so far The DB Funding Code is back on the agenda following the DWP’s draft funding regulations and comments in the FT from TPR Chair, Sarah Smart. The proposals have brought a number of criticisms … Continue reading

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Time for a cost of living strategy from pension providers

  Pension providers, insurers and advisers each need a cost of living strategy for those they serve. It is worrying , that pension providers are making a fuss over the ESG credentials of their funds but not worrying over the … Continue reading

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August 1st – CDC day!

The 1st August is the day applications open for a new type of UK pension – what pension people know as CDC (though in regulation it is collective money purchase). It’s been a long time in the making, but today … Continue reading

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The pension transfer mess: who pays and what’s paid?

There’s an irony to PAC’s assertions. It was extremely critical of the FCA in almost every aspect but never even questioned a key one: the FCA’s own assessment that transfers were very widely unsuitable at BSPS. This is now being … Continue reading

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