Josephine Cumbo

There is much excitement in the UK about #pension funds shifting into private markets. Down Under, regulators are openly talk about private market risks, not solely rewards. Regulators, funds and Govt have a duty to make savers aware of the risks. https://t.co/Sg2XKzUYj7 https://t.co/iNX0OYz3Lx

Rachel Reeves is picking a needless fight over pension mandates https://t.co/lcwPE6CAmY via @ft

RT @Frencheconomics: Finally, leverage. Thames Water is the poster child here. Its gearing and financial engineering would not have been su…

RT @Frencheconomics: Valuations. There is a growing consensus that private equity assets have not widely revalued (lower) to levels consist…

RT @Frencheconomics: On governance, the disclosure requirements on private asset owners are materially lower than those in the public realm…

RT @Frencheconomics: Some thoughts on the Mansion House Accord announced today https://t.co/HanD4x2AJN in a longish 🧵, and follows discussi…

RT @JohnRalfe1: See my latest @telegraph piece. "Rachel Reeve's pension gamble is pointless" https://t.co/oNdq4y6EyL "Over the years variou…

The same Thames Water where UK pension fund backers, including USS and BT, recently wrote off hundreds of millions of pounds of investment.

Jim Pickard 🐋 @PickardJE

Thames Water’s senior executives will receive new lavish “retention incentives” as part of a £3bn emergency loan agreed by the utility that is seeking to stave off renationalisation. https://t.co/fcjBZBFpqZ via @ft

RT @PickardJE: Thames Water’s senior executives will receive new lavish “retention incentives” as part of a £3bn emergency loan agreed by t…

Just imagine the uproar if the UK government tried to direct how your ISA savings were invested. That is what is happening with your personal pension savings yet it is not screaming front page news. 1/

Fiduciary duty and the Mansion House Accord: Members must come first https://t.co/gmxLoPAJpu

RT @DanielCreminGB: Rachel Reeves' Mansion House Accord is an unwelcome intrusion into the autonomy and fiduciary duty of pension funds to…

RT @MickMcAteer: New Mansion House Accord is sold as a win-win for savers and UK economy. It's not. It will allow the City to extract more…

This is a disgrace. The UK government and pension industry can no longer be trusted to invest for the best interest of members.

Josephine Cumbo @JosephineCumbo

UK unveils ‘backstop’ plan to force pension funds to invest in private assets https://t.co/5hfqTmwIOV via @ft

UK unveils ‘backstop’ plan to force pension funds to invest in private assets https://t.co/5hfqTmwIOV via @ft

Pension funds should invest more in UK equities, investors tell ministers https://t.co/4CbbvzUkiP via @ft

Sawiris took aim at the use of “continuation funds” whereby private equity groups moves the asset into a new fund where they still maintain control. “Continuation funds is the biggest scam ever because you say ‘I cannot sell the business, I’m going to lever it again’."

Josephine Cumbo @JosephineCumbo

Private equity’s best days are over, says Egyptian billionaire Nassef Sawiris https://t.co/sAqRFW5W7q via @ft