“As long as the music is playing, you’ve got to get up and dance.” – Charles “Chuck” Prince, Citibank CEO, 2003-2007 They say history rarely repeats itself, but it often rhymes. This week Parliament launched an inquiry into the collapse of BHS, a fixture on the British high street for the better part of the … More Is this DB pensions’ Lehman moment?
On Tuesday Barclays announced its results for 2014. It was a report full of headline grabbing numbers, but behind the disclosures around provisions for credit losses, PPI mis-selling and an FX probe, the bank stated that it will put £4 billion into its UK defined benefit pension scheme as part of a schedule of deficit … More It’s still the elephant in the room
The challenges facing pension trustees and corporate sponsors are well understood, but the fundamental problem that both sides must ultimately solve is that in order to secure and protect member benefits, deficits have to be repaired before all member benefits are paid out; this is the key ALM challenge facing the UK pensions industry and … More ALM strategies: an integrated approach to investment and funding