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tobyn.bsky.social
“Veteran” fund manager. FT contrib ed. Resolution Foundation Assoc. Baring Foundation Trustee.
2,076 posts 12,673 followers 458 following
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In the future, we'll all have our own social media network to on which to subtweet one another.

Would be helpful if all pension funds were as transparent as USS when if comes to funding ratios. www.uss.co.uk/about-us/rep...

It is a annoyingly hard and fiddly to get estimates for total UK pension assets. Well done PPI for doing the work. www.pensionspolicyinstitute.org.uk/research-lib...

Great chart showing change in UK capital budgets by govt dept since 2009-10. For non-wonks, the winning acronymed Depts are Business and Trade, Energy Security and Net Zero, and Science, Innovation and Technology. And you can see why schools have been crumbling.

Very much enjoying this so far. First take-away is that Trump seems to think like an Anglo-Saxon king.

Stablecoins better than getting your face ripped off by oligopolists, argues @dsquareddigest.bsky.social on.ft.com/4n6nx1d

This is our Eurovision.

Essential reading on the fiscal rules. Line on fear of the bond market is spot-on - it's not a reason for inaction. Investors can determine whether a change to fiscal rules is for the better. That it might look silly/not credible to change them again is more a political worry.

It’s publication day. Available from wherever you prefer to buy your books/ebooks/audiobooks.

UK pensions bill coming today! Covers key areas including: small pot consolidation, income in retirement, value for money, multi employer scheme consolidation, DB surplus extraction, DB superfunds, ppf levy, and controversial ‘reserve’ power to set asset allocation targets… on.ft.com/4kv5z6L

Last tried the lottery in 1994. Scarred by the 100% loss, I never played again.

🚨 Loan defaults are looking worse below the surface on.ft.com/4kTh5Zu

@tobyn.bsky.social You presciently predicted an ‘embarrassment of riches’ for the LGPS at 2025 valuation. How about a surplus of £200B across the UK’s 97 pension funds? And assets totally just shy of £0.5 Trillion? @dgbailey.bsky.social john-clancy.com/blogsfromthe...

A few people who were not — according to this definition — white British: - Winston Churchill - George V - Cliff Richard - George Orwell - Isambard Brunel - JRR Tolkien - Boris Johnson

Politicians shouldn't rage-bait chart geeks. on.ft.com/4jrlz8h

Massive bubble in clean energy valuations now deflated? via @johnauthers.bsky.social

A fifth of Local Govt Pension Scheme Pension Cmte members & Pension Board members (who control the c£400bn of LGPS assets) had no 'awareness' of LGPS before taking on the role. lgpsboard.org/images/CRC/1...

Find it hard to understand why 10s30s Bunds and 10s30s USTs have been so tightly bound together over last 18mths.

Evolving business models of the big PE firms are so interesting. @antoinegara.bsky.social digs into them in this Big Read on.ft.com/43nHtES

Some personal news... I'm joining @alphaville.ft.com as a full-time reporter! Am obv over the moon.

This history of AI in 32 otter images is an absolute joy. (h/t @alphaville.ft.com Further Reading) www.oneusefulthing.org/p/the-recent...

I’ve verified that this is *the* Marc Rubinstein. Belated welcome to BlueSky to a must-follow a/c. #FF

Completely normal thing for a US Treasury Secretary to have to insist 😐 (Free to read) on.ft.com/4ju6see

England is TERRIBLE at job-matching www.ft.com/content/583a...

NEW: The Trump administration's fiscal year 2026 budget request's appendix says with no details: "The President's Budget proposes to reorganize the Bureau of Labor Statistics, Bureau of Economic Analysis, and the Census Bureau at the Department of Commerce" www.documentcloud.org/documents/25...