PTL Blog

Dodging a Dangerous Dogs Act moment

Posted by Richard Butcher on Feb 28, 2018 12:27:24 PM

First published in Professional Pensions, 14 February 2018

Any day now, although perhaps I should say any season, the DWP’s white paper will emerge, covering a raft of pension policies. This was originally conceived to put forward solutions and law changes to ease the defined benefit funding “crisis”. Its mission now seems to have morphed somewhat into something more minty than white.

The collapse of Carillion and the emerging back story led Theresa May to propose new powers for the Regulator: perhaps to veto dividend payments, or impose punitive fines or bonus clawbacks on wayward directors.

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Topics: Defined Benefit, db funding, trusteeship, defined benefit risks, pensionsindustry, independent pension trustee

Ducks and Dashboards

Posted by Richard Butcher on Sep 21, 2017 11:41:37 AM

First published in Professional Pensions Online, 21 September 2017

The pensions dashboard should not be launched until it has all its ducks in a row, even if that means later than 2019.

Getting your 'ducks in a row' is one of those phrases we all know the meaning of although its origin is obscure. It was not a phrase coined by Shakespeare (always the first place to look when trying to find the origin of a phrase) but seems to have emerged later and probably as a reference to a mother duck and her ducklings. That said, other contenders for its origin include wharf side cargo bins, various sports or the metal weights used by engineers to define a curve. No one seems to know - but we do all agree that to get our ducks in a row is a good thing.

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Topics: pension dashboard, budget, pensionsindustry

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