Henry Tapper
banner
henrytapper.bsky.social
Henry Tapper
@henrytapper.bsky.social
Pension Plowman and Glover
Here is a video of yesterday’s discussion from the Pension PlayPen’s Coffee Morning (November 25th)
A look at this lunchtime’s Budget through the pension lens
Here is a video of yesterday’s discussion from the Pension PlayPen’s Coffee Morning (November 25th) Yesterday’s discussion focussed on an agenda put together by Professor Michael …
henrytapper.com
November 26, 2025 at 9:49 AM
A look at this lunchtime's Budget through the pension lens
A look at this lunchtime’s Budget through the pension lens
Here is a video of yesterday’s discussion from the Pension PlayPen’s Coffee Morning (November 25th) Yesterday’s discussion focussed on an agenda put together by Professor Michael …
henrytapper.com
November 26, 2025 at 9:49 AM
A look at this lunchtime’s Budget through the pension lens

Here is a video of yesterday's discussion from the Pension PlayPen's Coffee Morning (November 25th) Yesterday's discussion focussed on an agenda put together by Professor Michael Bromwich To hear what a large group of pension professionals…
A look at this lunchtime’s Budget through the pension lens
Here is a video of yesterday's discussion from the Pension PlayPen's Coffee Morning (November 25th) Yesterday's discussion focussed on an agenda put together by Professor Michael Bromwich To hear what a large group of pension professionals had to make of that, watch this video provided by the Pension PlayPen , whose coffee morning was hosted by Steve Goddard and conducted in conjunction with a group roughly called a "panel"
henrytapper.com
November 26, 2025 at 9:47 AM
If you’re a leaseholder – is there hope? If you are making money out of owning freeholds, does the budget fill you with horror?
A budget horror story for those exploiting freehold?
While you are having your breakfast, here’s a harrowing tale of trouble for leaseholders. If you’re a leaseholder – is there hope? If you are making money out of owning freeholds,…
henrytapper.com
November 26, 2025 at 8:11 AM
A budget horror story for those exploiting freehold?

While you are having your breakfast, here's a harrowing tale of trouble for leaseholders. If you're a leaseholder - is there hope? If you are making money out of owning freeholds, does the budget fill you with horror?
A budget horror story for those exploiting freehold?
While you are having your breakfast, here's a harrowing tale of trouble for leaseholders. If you're a leaseholder - is there hope? If you are making money out of owning freeholds, does the budget fill you with horror?
henrytapper.com
November 26, 2025 at 8:07 AM
Schroders are not here to run DB pensions out of town and into the hands of foreign owned insurers. They are here to make the next wave of investment in Britain happen. Richard Oldfield Schroders Financial Times
Schroders talk of the importance of transparent stock markets in the UK.
I am very pleased to see a story on the importance of our stock markets to our economic well-being. A couple of weeks back the London Stock Exchange organised a group of the CEOs of companies quote…
henrytapper.com
November 26, 2025 at 7:23 AM
Thanks to Gordon Aitken, I can bring you the views of someone who really understand List 2025 and what BPA insurers should do now.
What Gordon Aitken’s telling the insurers who bulk sell annuities
I read this and thought – this is what I want to know! Thanks to Gordon Aiken, I can bring you the views of someone who really understand List 2025 and what BPA insurers should do now. Note: …
henrytapper.com
November 26, 2025 at 7:16 AM
What Gordon Aiken's telling the insurers who bulk sell annuities henrytapper.com/2025/11/26/w... Thanks to Gordon Aiken, I can bring you the views of someone who really understand List 2025 and what BPA insurers should do now.
What Gordon Aiken’s telling the insurers who bulk sell annuities
I read this and thought – this is what I want to know! Thanks to Gordon Aiken, I can bring you the views of someone who really understand List 2025 and what BPA insurers should do now. Note: …
henrytapper.com
November 26, 2025 at 7:10 AM
Aoifinn with George Graham; on running Lancashire and Yorkshire’s pensions.

I am not a member nor have ever worked for the LGPS, its funds or employers or even their members. But I have worked with many people who do and hope that we will offer these stakeholders in public sector funded pensions,…
Aoifinn with George Graham; on running Lancashire and Yorkshire’s pensions.
I am not a member nor have ever worked for the LGPS, its funds or employers or even their members. But I have worked with many people who do and hope that we will offer these stakeholders in public sector funded pensions, help in the years to come. My friend Robert Gardner pointed out the South Yorkshire pension fund as an example of what a pension fund can do, it is helping the east coast of England repopulate oysters and thus improve the natural culture - its "infrastructure"
henrytapper.com
November 26, 2025 at 6:49 AM
Schroders talk of the importance of transparent stock markets in the UK.

I am very pleased to see a story on the importance of our stock markets to our economic well-being. A couple of weeks back the London Stock Exchange organised a group of the CEOs of companies quoted on its tiers of markets to…
Schroders talk of the importance of transparent stock markets in the UK.
I am very pleased to see a story on the importance of our stock markets to our economic well-being. A couple of weeks back the London Stock Exchange organised a group of the CEOs of companies quoted on its tiers of markets to call on Government to legislate so that pension funds get tax-payers support for schemes that invest through the UK market in companies quote on it,
henrytapper.com
November 26, 2025 at 5:39 AM
What Gordon Aiken’s telling the insurers who bulk sell annuities

I read this and thought - this is what I want to know! But you don't have to wait, thanks to Gordon Aiken, I can bring you the views who really understand this. Note: These are Gordon Aiken's personal views and do not constitute…
What Gordon Aiken’s telling the insurers who bulk sell annuities
I read this and thought - this is what I want to know! But you don't have to wait, thanks to Gordon Aiken, I can bring you the views who really understand this. Note: These are Gordon Aiken's personal views and do not constitute investment advice. See full disclaimer below. In football, there comes a point where a team stops trying to score and simply 
henrytapper.com
November 26, 2025 at 4:46 AM
A budget that can only beat dismal expectations.

I have just been in a dismal webinar considering the prospects of us having a "good budget". If I was investing in any sector the "day before", it would be the manufacturers of razor blades. Expectations for Britain’s autumn Budget on Wednesday are…
A budget that can only beat dismal expectations.
I have just been in a dismal webinar considering the prospects of us having a "good budget". If I was investing in any sector the "day before", it would be the manufacturers of razor blades. Expectations for Britain’s autumn Budget on Wednesday are decidedly downbeat. Few anticipate that chancellor Rachel Reeves will unveil the productivity-boosting or cost-cutting measures the country so desperately needs to escape from its rut of sluggish growth, shaky public finances and rising taxes.
henrytapper.com
November 25, 2025 at 12:44 PM
While the aggregate picture shows the sector remaining comfortably above regulatory minimums – with total Solvency Capital Requirement (SCR) coverage moving from 185% pre-stress to 154% post-stress – the firm-level outcomes vary markedly.
LIST;- the 2025 Life insurer stress test (warning insurers named!) Thx Andy Smith
Andy Smith has provided this excellent take on the “LIST” The PRA has today published the insurer-specific results from the 2025 Life Insurer Stress Test (LIST). While the aggregate pic…
henrytapper.com
November 25, 2025 at 7:44 AM
LIST;- the 2025 Life insurer stress test (warning insurers named!) Thx Andy Smith

Andy Smith has provided this excellent take on the "LIST" The PRA has today published the insurer-specific results from the 2025 Life Insurer Stress Test (LIST). While the aggregate picture shows the sector remaining…
LIST;- the 2025 Life insurer stress test (warning insurers named!) Thx Andy Smith
Andy Smith has provided this excellent take on the "LIST" The PRA has today published the insurer-specific results from the 2025 Life Insurer Stress Test (LIST). While the aggregate picture shows the sector remaining comfortably above regulatory minimums - with total Solvency Capital Requirement (SCR) coverage moving from 185% pre-stress to 154% post-stress - the firm-level outcomes vary markedly. The clear message from these is that the UK life insurers are strong, but not uniform. 
henrytapper.com
November 25, 2025 at 7:42 AM
Come at 10.30! We will publish a video and a blog on Wednesday morning in time for the budget (but not to change anything). It will be our statement of intent for what we want to hear.
Budget – have your say on what YOU want; 10.30am today
From 2028, many pensioners whose sole income is the full state pension may become liable for tax, if the personal allowance threshold remains frozen at £12,570. What is given in state pension will …
henrytapper.com
November 25, 2025 at 7:15 AM
What are "pre-retirement" pension strategies targeting these days? For the implementation of a decent plan, I take my hat off to @danmikulskis . But Dan’s trying to match the behaviour of his 1.7m members - we're lost and need better! We need a strategy!
What are “pre-retirement” pension strategies targeting these days?
I am in workplace pensions and am doing my best to avoid the pre-retirement strategies of my two providers, one Nest , the other L&G. But wherever I look at alternatives, I find little coherenc…
henrytapper.com
November 25, 2025 at 6:58 AM
“Married woman’s pension” and the upgrade to the state pension since 2016.

My Mum's one of these women, perhaps your mother is, watch the video. It is not just Steve Webb at his best (he is consistently at his best) but it tells you why your Mum/Grandma is or was on a crap state pension. It also…
“Married woman’s pension” and the upgrade to the state pension since 2016.
My Mum's one of these women, perhaps your mother is, watch the video. It is not just Steve Webb at his best (he is consistently at his best) but it tells you why your Mum/Grandma is or was on a crap state pension. It also explains why, given half a choice, most of us will do the easiest thing about pensions because pensions are too hard.
henrytapper.com
November 25, 2025 at 6:36 AM
What are “pre-retirement” pension strategies targeting these days?

I am in workplace pensions and am doing my best to avoid the pre-retirement strategies of my two providers, one Nest , the other L&G. But wherever I look at alternatives, I find little coherence. It is obvious what the default will…
What are “pre-retirement” pension strategies targeting these days?
I am in workplace pensions and am doing my best to avoid the pre-retirement strategies of my two providers, one Nest , the other L&G. But wherever I look at alternatives, I find little coherence. It is obvious what the default will be from 2027, a retirement income with protection for those living "too long" but no coherence about how this will be done and what people who don't take a choice will get by way of increases.
henrytapper.com
November 25, 2025 at 6:00 AM
Budget – have your say on what YOU want; 10.30am today

Click here to join direct from this blog at 10.30 Today Here is Mike Bromwich's agenda for the morning's session.  Pension PlayPen has decided that its meeting at 10.3o am this morning will be our chance to establish what we as a community…
Budget – have your say on what YOU want; 10.30am today
Click here to join direct from this blog at 10.30 Today Here is Mike Bromwich's agenda for the morning's session.  Pension PlayPen has decided that its meeting at 10.3o am this morning will be our chance to establish what we as a community find acceptable and what unacceptable of the various proposals so far put forward. It was around now that the Chancellor in 2014 decided that Pension Freedom might be a good idea and by the Wednesday in 2014 the die was cast.
henrytapper.com
November 25, 2025 at 4:37 AM
I wonder if that really is the case
There is a fair amount of evidence that helmets on average make no difference to safety and that an outright compulsion would simply lower cycling numbers
November 24, 2025 at 12:17 PM
Reposted by Henry Tapper
There is a fair amount of evidence that helmets on average make no difference to safety and that an outright compulsion would simply lower cycling numbers
November 23, 2025 at 8:58 AM
DC pension won't it used to be - but some values are for ever - thanks Hymans. henrytapper.com/2025/11/24/d... Thanks to actuarial consultancies for keeping standards up in DC pensions
DC pension won’t it used to be – but some values are for ever – thanks Hymans.
Kathryn Fleming is here talking about defined contribution pensions. But has DC with its pots and pathways got a future? The answer of course is “yes” so long as it provides value for o…
henrytapper.com
November 24, 2025 at 7:25 AM
DC pension won’t it used to be – but some values are for ever – thanks Hymans.

Kathryn Fleming is here talking about defined contribution pensions. But has DC with its pots and pathways got a future? The answer of course is "yes" so long as it provides value for our money and this service from…
DC pension won’t it used to be – but some values are for ever – thanks Hymans.
Kathryn Fleming is here talking about defined contribution pensions. But has DC with its pots and pathways got a future? The answer of course is "yes" so long as it provides value for our money and this service from consultants should ensure we get VFM. While most attention is upon moving to collective investment strategies and offering longevity protection to those who retire in DC rather than DC, it is good that old fashioned virtues to do with sustainability are discussed here by Hymans Robertson.
henrytapper.com
November 24, 2025 at 7:23 AM