Tag Archives: trustees

Time for workplace pensions to raise their game! Invest responsibly or lose our trust!


Here are some sad truths about the way that auto-enrolment workplace pension providers manage your money. Recent research by Ignite UK suggests that we expect fund managers to manage responsibly. If this is the case, people are not having their … Continue reading

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What now for the new BSPS and its members?


I was sent an announcement yesterday about the new British Steel Pension Scheme. It’s a complicated message and I’ve tried to add comments that explain what each paragraph means in a little easier way. My comments are in green. They … Continue reading

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Let’s stop pretending guidance is enough.


News that the Government has thrown out proposals for compulsory guidance to protect us from ourselves comes as no surprise to me , though it has clearly angered Ros Altmann. Writing on her blog, the former Pensions Minister writes of  the … Continue reading

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To Belfast with love


I’m off to Belfast today to talk with Brian Spence and the Dalriada trustees. They’ve been billed the Regulator’s Rottweiler and I didn’t do much for their brand by dubbing them “Rentokil”. My day-out is partly to build commercial links … Continue reading

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Is NOW the time to transfer out?


I was talking last night to a senior financial journalist about NOW pensions. In the catalogue of actions that the Pensions Regulator can call upon, insisting on the inclusion of Dalriada Trustees, is perhaps the most alarming. Dalriada is a … Continue reading

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Would a shift from bonds to growth assets keep the USS afloat? – Mike Otsuka


  Michael Otsuka is Professor of Philosophy at the London School of Economics. He has also served as the pensions officer for the LSE’s UCU branch. This article originally appeared on Wonkhe.com, the home of higher education policy, people and … Continue reading

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What do we tell our members?


    Yesterday’s keynote speech from David Farrar at the Professional Pension DC Conference contained some important messages. I wasn’t the only person in the room picking up a new tone on disclosure. The quote is a close approximation to … Continue reading

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What future – if we cannot rely on universities in twenty years time?


When I wrote my blog yesterday, I had not read the USS consultation document which contains the basis of the triennial valuation it has just completed. I was writing “over” the FT article written by Jo Cumbo which (as usual) presented … Continue reading

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BSPS2 – a superior kind of lifeboat?


The news that members of the British Steel Pension Scheme will have the choice between swapping their pension rights for participation in the Pension Protection Fund of a new Pension Scheme (code-named BSPS2) has been well flagged. It might seem … Continue reading

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Radical thoughts about “value for money” – from Julius Pursaill (aka mystery blogger)


  Establishing a consensus on what “value for money” is, is proving too hard for the IGCs and Trustees, we need intervention from a “deus ex machina” (aka the FCA). Once we know the means to measure, I believe the … Continue reading

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