You’re the Mayor?
02.03.2026 20:06
👍 1
🔁 0
💬 0
📌 0
You’re the Mayor?
Good to see the name of my old colleague, Frances Morrell, is not forgotten. I am left wondering, however, what spurred the reference and what in her work is being disagreed with.
But the Bakerloo Line was not built by a municipality. It was built by private capital and, hence, built on the cheap. That’s why it is so small, for a railway.
… and anyway squirrels are lousy at investing. They gather lots of nuts, bury them and then forget where they are.
yes!
You mean when you could shop at Debenhams?
It doesn’t even apply to the whole state pension.
What is bad is that the piece in the FT failed to mention the Pensions Commission. Suggests it was not a serious contribution.
There’s even a Pensions Commission that going to have to report on that exact issue. Let’s wait and see what they say.
It doesn’t publish estimates of the current value of liabilities for all sorts of expenditure. For good reason. It’s as meaningless to calculate the current liability for future state pensions as it is to calculate the current liabilities for future expenditure on education or defence.
3 out of 8
Feeling aggrieved at having to wait five minutes for a train at Brixton tube station.
I’m receiving lots of posts on my timeline about both Traitors and Greenland. It’s difficult, initially at least, to know which is which.
Little England beyond Wales, that is.
Another inaccuracy. The article also says of Mandelson, referring to his membership of Lambeth Council, that “He later resigned in disillusionment at the council's left-wing leadership.” This is untrue. He didn’t resign. He just didn’t stand again at the 1982 election.
Given that the article states that the 2006 Lambeth Council election was “foundational” in McSweeney’s development, it’s a shame it gets the story wrong. By that time “The Left” was long purged from Lambeth Labour politics.
The problem with a seasonal epidemic is that it's way too easy to write a sexy "flu numbers twice as bad as last year" headline, which is true but misleading, when you ought to be writing a "flu arrives a little earlier than last year" headline.
Good news for the supporters of CDC pensions with the nomination of David Pitt-Watson to the House of Lords. David has been one of the most active proponents of CDC and chair of the www.thersa.org/projects/col...
Pay my company lots of money says L&G boss.
I was there, in the room, and I know that, in effect, every scheme held out the prospect of discretionary increases. The true test now, particularly when schemes have a surplus, is not the arbitary test of what was in the rules; it's what members paid for and they might now reasonably expect.
Pre-97 some schemes funded guaranteed increases up to a cap. Others promised to use "best endeavours" to pay similar increases and they provided for this in their funding basis. In both cases members had "reasonable expectations" of pension increases. To distinguish between them now is unfair.
Very good report about joint Prospect and FDA letter to civil service pension scheme manager about closing the unacceptable gender pension gap in that scheme:
www.civilserviceworld.com/news/article...
“The guidance will encapsulate those wider factors …, with the goal being to provide practical support to trustees about how to comply with their existing duties in considering these factors, including what we mean by systemic risks and standards of living.”
He said “I can … announce today that I intend to bring forward legislation that will allow the Government to develop statutory guidance for the trust-based private pensions sector”.
Big news. Report stage of Pension Schemes Bill, the Minister announces, in response to the “Byrne amendment” they will introduce legislation on how trustees should allow for structural factors such as climate risk and members’ standards of living when they are making investment decisions.
The announcement that the GLA will use the GLC coat of arms is great news, recognising the continuity of London local government and the importance of the GLC and its achievements. See www.ianvisits.co.uk/articles/the...
“Less eligibility” has always been around. It explains the Poor Law, the Workhouse, stone breaking, etc., etc.
Resolution Foundation does some great, informative stuff on policy/politics. Really welcome antidote to the breathless obsession of most of Westminster village with who-said-whattery-when and meaningless opinion poll speculation about the next election. @resolutionfoundation.org
That’s before we come to all those with a private pension, however small. Plus those with some employment, however limited. There may be more pensioners who only get the new state pension, but my guess is numbers are limited here as well. 3/3
The number of pensioners who only receive the basic state pension is likely to be vanishingly small. Almost all have some entitlement to SERPS/S2P, even those who were contracted out, plus many with graduated pension. Plus those who have increments from deferring receipt of their state pension. 2/3