Being cashflow negative is a symptom, not a cause

There is an increasing weight of discussion around the challenge of schemes being cashflow negative (i.e. pension schemes are net disinvestors as benefits are greater than sponsor contributions). This was specifically raised in the Pension Regulator’s Annual Funding Statement with subsequent research from Hymans Robertson highlighting this as a worry for CFOs. The apparent risk…

The path to knowledge

The result of the recent EU referendum wasn’t what I’d been expecting, nor was it what I’d hoped for. Judging by the rhetoric coming from both sides, a lot of people are profoundly uncomfortable with ideas they disagree with. So how can we make the best of it?

The challenges of trial and error

I had the idea for this post at the start of my holiday a couple of weeks ago – the week leading up to the referendum – so, given the events that unfolded following the June 23rd vote, this blog, inspired by the packing of a car, may seem a little inconsequential. However, I think…