When only 8 to 15 mega-trusts dominate the entire defined contribution (DC) and LGPS landscape, peer-group risk may override manager…
This is clearly a serious story about institutional accountability, bankruptcy and the treatment of former employees. But, although the immediate…
Here's another way for a pension fund to get in the soup. https://bayourenaissanceman.blogspot.com/2026/09/the-catholic-clergy-sex-abuse-scandal.html
I had earlier today read a medical research article reporting on a Japanese study that found that “supercentenarians” — those…
Tag Archives: Treasury
Financial Inclusion’s to be lauded; it isn’t woke but what about this Committee?
For some people, woke is a word about awareness, fairness, and paying attention to injustice. For others, it sounds political, sarcastic, and maybe a little overused. This morning I got a mailing from Gov.uk on the progress of our Financial Inclusion … Continue reading
How the Laffer Curve works in Scotland. A warning for Burnham and Healey?
I’ve done what any reasonable idiot does when there’s no sleep in the morning because of heat . I’ve gone to Dan Neidle to learn about the impact of raising taxes for the higher paid. The people who care about … Continue reading
Posted in pensions
Tagged Edinburgh Treasury, Laffer Curve, London Treasury, Scotland, Treasury, United Kingdom
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Have Pensions had such good ministers and advisers in Parliament? HMT, DWP and beyond look sorted.
I am pleased to see the junior ministers appointed by Andy Burnham yesterday. I have included all that are new, those who are reappointed and those who are gone in this blog It tells good news for the House … Continue reading
Posted in pensions
Tagged Bell, Davies, DWP, house of commons, House of Lords, MP, Pensions, Pitt-Watson, state pension, Timms, Treasury
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Healey is back in No 11, we wish him an easier ride than Denis- a predecessor
One Minister collects our taxes while the other pays them back; can you tell who is who? I must be careful to get our ministers right. The Chancellor the Exchequer has the red tie , while the SOS of DWP … Continue reading
John Mather’s explanation of how the wealthy have moved away from pensions
The crazy world of freedom from pensions evolved as John Mather describes. I agree with this as a factual explanation of how we got to where we are now. – ed (Henry Tapper) John Mather’s explanation of how we’ve moved … Continue reading
Posted in pensions
Tagged Business, Business and Economy, John Mather, Pensions, Tax, Treasury, Wealthy
2 Comments
Labour Partially U-Turns on Promised Reforms in Leasehold Bill
Wow. Something is happening in our politics. From Zack Polanski on the left to Guido Fawkes on the right, there’s growing agreement: leasehold must be abolished. Free the land. Free the people. So why are The Labour Party siding with … Continue reading
We are planning for pensions to fail and that is not a way for Britain to grow,
This appears in Mary McDougall’s timeline for her recent posting, I guess it was two months ago that this snippet appeared and I missed it but it seems rather more important since the Aberdeen/Stagecoach Pension deal. There is a future … Continue reading
Why are investment trusts excluded from the Pension Schemes Bill?
William MacLeod Speaking in the House of Lords today during the Pensions Schemes Bill second reading both Baroness Ros Altmann and Baroness Sharon Bowles , asked a very simple question: Why have listed investment companies been excluded from the Bill? … Continue reading
Posted in pensions
Tagged corporate governance, corporate risk, dc pensions, Employment, FCA, Financial services, Investment, Pensions, politics, Ros Altmann, Sharon Bowles, Treasury
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The PPF is waggling its tail at what it can do with a spare £14.1bn
The PPF has a smile on its face The lifeboat fund has proposed maintaining a zero PPF levy for conventional defined benefit schemes, having confirmed in September it would not charge a levy for 2025/26. The PPF confirmed its current reserves alongside … Continue reading
Posted in pensions
Tagged Pension Protection Fund, Pension Schemes Bill, Torsten Bell, Treasury
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£2bn pension tax-but? Broad shoulders shudder!
I reported yesterday on FT’s concerns on leaks from the Treasury that they might take salary sacrifice down, or at least dismantle it to a point that it no longer became a tax-break for the wealthy. You can read what … Continue reading
Posted in pensions
Tagged Broad shoulders, Pensions, salary sacrifice, Torsten Bell, Treasury
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Scottish teachers' pay increases, such as the recent multi-year agreement negotiated via the Scottish Negotiating Committee for Teachers (SNCT) covering…