Delighted to be speaking at Pension UK's annual conference in October on why pensions are for your retirement, and should not be used as political tools. Look forward to the debate!
www.pensionsuk.org.uk/Events/Confe...
More evidence of the difficulty and high cost of finding and affording quality childcare, particularly in London, which can impact parents' ability to work and advance in their careers. www.ft.com/content/c541...
While supporting the net-zero transition is admirable, pension savers deserve clarity on how this impacts their retirement outcomes, especially when funds are being directed away from the kinds of assets that have historically driven the highest returns. 5/5
Instead, they often prioritise long term infra projects that may take years to deliver meaningful financial gains. There’s also no clear explanation of how private market assets (less liquid and harder to value) will contribute to stronger performance compared with a trad equity-heavy approach. 4/
For members aiming to maximise pension growth, especially those in their 50s with limited time left to retirement, this shift raises valid questions. Impact-driven investments can sometimes mean less exposure to high-return sectors such as technology or emerging markets. 3/
Aside from the positive language around sustainability and "impact", there is a noticeable lack of detail in the deal statement about what kind of financial returns members can realistically expect from this allocation — or how long they might have to wait to see them. 2/
Smart Pension’s latest move to invest 5% of its default fund in green infrastructure through Octopus Energy is being presented as a win-win for the planet and pension savers. But what does this mean for retirement savers wanting to maximise growth? 1/
www.smartpension.co.uk/news-and-med...
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Can any #MedTwitter tweeps clarify whether Physician Associates, or their employers, should be still using this title, or triaging patients, following this NHS Guidance guidance published on July 16? www.england.nhs.uk/long-read/re...
Thanks Mike! Will be posting here more often on pensions and other topics that I am now covering.
David Brooks of Broadstone articulates his concerns over the Govt's push for your #pension money to help the UK economy. Both the Govt and UK regulator are yet to produce solid evidence that a home investment bias will lead to BETTER financial outcomes for retirement savers.
This 'new approach' statement from the UK pensions regulator should be a wake-up call for any private pension saver.
Your best interests are NO longer centred by a government seeking to tap your retirement savings to fuel domestic growth www.thepensionsregulator.gov.uk/en/a-new-app...
This article reports that some pension funds have sought legal advice on ways to support the UK's government's economic objectives, without breaching fiduciary duty to the member. www.ipe.com/news/uk-dc-m...
This week, as part of the @lse-ei.bsky.social course on 'The Political Economy of Welfare States and Migration in Europe' I convene w/Nicholas Barr, it was a pleasure to host @josephinecumbo.bsky.social, Editor & London Newsroom Reporter for @financialtimes.com & former Global Pensions correspondent
Australia’s pensions regulator did a deep dive into how the country’s mega super funds were managing private market assets. Numerous concerns over valuation practices were uncovered. www.apra.gov.au/news-and-pub...
NEW: Top Direct Line shareholders hold out for higher Aviva bid www.ft.com/content/248d... #insurance
FT cartoon by Banx
If you're wondering if FT accounts are legit, @financialtimes.com is following verified staff + contributors
The UK government has not ruled out forcing private #pension funds to invest to help the economy. www.ft.com/content/b920... via Mary McDougall and George Parker
While the UK is pushing to create pension "megafunds" Australia's central bank is warning (again) about liquidity risks from the country's super-sized superannuation sector. www.afr.com/policy/tax-a...
I'll be covering the Insurance beat at the @FT from November 25, until our replacement for the esteemed Ian Smith is appointed. Got a story? Email josephine.cumbo@ft.com
UK financial regulator vows to ‘intervene’ over withheld interest payments #pension #investment www.ft.com/content/c393... via @ft
Town hall pension funds to be asked to double allocation to private equity. #AutumnStatement www.ft.com/content/6ecb...
Would Aussie rules boost UK #pensions asks the FT's Claer Barrett? www.ft.com/content/9f2a... #MansionHouse #DC #Consolidation
#AutumnStatement
The headline single tier state pension from April 2024 will be £221.20 a week, up from the current £203.85 a week
The maximum basic state pension paid to those who reached state pension age before 6 April 2016 is currently £156.20 a week and it will increase to £169.50 a week.
The new flat rate annual UK state pension of £11,501 in the 2024/25 tax year, is just £1,069 short of the £12,570 tax-exempt allowance as it stands in 2023/24. #AutumnStatement
Pensioners to receieve an 8.5% increase in full state pension next year as Chancellor honours 'triple lock' on state pension. #AutumnStatement
Chancellor is on his feet delivering his #AutumnStatement
