Tag Archives: WPC
Government as one with WPC on the future of DB (pt 2)
This is the second of my reviews of the Government’s response to the report below,the WPC’s authors are listed in this photo The Work and Pension Select Committee have published a report on DB pensions which is the first under … Continue reading
Interesting for trustees and super trustees; WPC and Govt agree (pt 3)
This is the third of my reviews of the Government’s response to the report below. I’ve got as far as recommendation 10 without finding one which bored me but here (later in the response) I find some of the … Continue reading
WPC “DB Report” picked up by Govt with shared view (pt 1)
The Work and Pension Select Committee have published a report on DB pensions which is the first under a Labour Government. Here it is to read and here is the link. There is plenty in the Pension Minister’s foreword that … Continue reading
The Work and Pensions Committee – taking pensions seriously
We face a relentless dumbing down of pensions to a point where our latest pension champion failed her Maths GCSE on the grounds that she wouldn’t need Maths because she was going to be famous. So it’s good to … Continue reading
FCA offers steelworkers £150 compensation for their loss of redress
It has been six years and four months since Frank Field wrote this letter to Megan Butler at the FCA. Following evidence on the British Steel Pension Scheme (BSPS) in Parliament in November , the Work and Pensions Committee wrote … 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
23 Bull-free Recommendations from WPC
This 68 page report is probably the sternest rebuke to the Pensions Regulator and the DWP we have seen from Stephen Timms. It includes 23 recommendations which are clipped out here so you get none of the fat and all … Continue reading
Do we yet know the true state of DB pension finances?
Download the correspondence between TPR and the Work and Pensions Committee and you find yourself with something called . It’s a spelling which suggests something a little irregular , a suggestion confirmed by the contents of the file The “dispute” … Continue reading
DB pensions “evolved in size” – down £425bn in 2022
In her preface to the 58 page response given by TPR to parliament’s work and pensions committee, CEO Nausicaa Delfas says that the £425bn loss. a 24% value destruction , was an “evolution”. The “LDI episode” is credited as … Continue reading
Something rotten in the state of funding
Pangloss was a person who was optimistic whatever the circumstances, “all was for the best in the best possible worlds”. There has been irrational enthusiasm for the state of pension funding of late, that is panglossian. By contrast, the parliamentary … Continue reading