I watched the live stream of the Resolution Foundation seminar yesterday on their excellent report: A hard day’s night: the labour market experience of low-to-middle income families. This report highlights that employment rates have increased among low income families despite factors which would have been expected to reduce rates. The report notes several important factors:…
I attended the launch of the OECD’s 2024 edition of Pensions Outlook today, kindly hosted by Standard Life at Barings. One of the key themes of this year’s report is inclusivity, as in – how do we ensure all working people are included in quality pension savings? The OECD concludes that multi-employer schemes can play…
I feel like the Government’s agenda around pension scheme investment is a bit confusing at the moment. On the one hand, there is the drive for DC schemes to invest more in illiquids, infrastructure and private markets generally. Then there is the added element that the Government believes a growing proportion of this needs to…
The Government is frustrated at the slow pace of LGPS pooling. Since the eight LGPS pools were set up in 2015, the Government has been pushing for 100% pooling. However, as of March 2024, only 45% of LGPS assets are invested through pools (HMT, 2024). The level of pooling varies by Local Authority, in 2022…