Tag Archives: trustees

BP – please spend your pension fund on pensions

BP is not a poor company. It has a very good pension scheme , with a fund which was created  to be paid over time to its staff. Till payments are due, the fund can be invested for the  benefit … Continue reading

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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

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“Helping savers understand their pension choices” My Blueprint for Trustees.

  I’m using these cold and wet weekends we’re having, not to sit alone on my boat but to write to Government my thoughts on some of their  papers that come out of the Mansion House Reforms. The one I … Continue reading

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Pension Professor finds trustee investment in Leveraged LDI “speculation” and “ultra vires”

Philip Bennett, one of Britain’s top pension lawyers , has published a paper prepared for the APL Summer Conference held on 16th June, 2023 Leveraged LDI: Prudent deficit risk management or ultra vires speculation? The paper looks at the underlying … Continue reading

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The pervasive progress of “fiduciary management” into DC schemes.

  Why Fiduciary Management is important to DC schemes This blog is part 2 of my thoughts on Barnett Waddingham’s excellent review of investment performance in fiduciary management in 2022. Though this paper does not talk of DC schemes, it … Continue reading

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The drive to consolidate DC pension schemes is no bad thing.

The idea that “big is better” is not a universal truth, in the 1970s thinkers such as EF Schumacher said “small  is beautiful” an idea that is still popular for millions of us who till allotments or run businesses out … Continue reading

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Trustees should deal with complaints on DB transfers

I can understand people feeling they have “missed the boat” in not taking a DB transfer.They shouldn’t as they haven’t and if trustees were more on the ball they would be writing to anyone who had inquired after a CETV … Continue reading

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Parliament’s six challenges to LDI

Things are not going to be the same for fiduciaries, advisers or managers of DB pension schemes. That was the big message coming out of the lengthy evidence session conducted by the Work and Pension Committee on December 14th.   … Continue reading

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Should DC trustees be worried by the gilt-crash?

Reading Jonathan Stapleton’s measured reporting on the funds used by DC investors in the “pre-retirement phase” I was drawn to some research from Professional Pensions The scale of the issue Well-diversified master trust default funds tended to fare better than … Continue reading

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USS disclosure- in need of a “deus ex machina”.

  Reading the latest acrimonious exchanges between the University Employers and the staff union UCU is a depressing business. UUK, who say they are taking their lead from the  USS pension scheme stand accused of underestimating the scale of the … Continue reading

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