Tracy Blackwell
The Navigator
Judgement in the fog, money, risk and the call others cannot make.
Tracy Blackwell navigates extraordinarily complex terrain, steering the Pension Insurance Corporation through a two-trillion-pound market that sits at the intersection of regulatory constraint, long-duration liability management, and social purpose.
“And I completely understand the rationale for it, which is let's root out the bad actors and let's get the bad actors to really focus on their customers instead of themselves. The problem with it is the way it went about it is very much, there's a lot of paperwork involved, right?”
“Lot of mileage and thinking about the existing communities. I think a lot of times when, for example, housing is built, it's only thought of for the new people who are buying those or moving in or whatever. Instead of actually thinking about how the community as a whole can benefit.”
“For the very long term, you know, our policyholders are with us until they die for the next 30, 40 years potentially. So we want to make sure that they're happy the whole way and that they get the pens really about making sure that they get the pensions, that they deserve and that they've built up over time.”
“Also, more companies are staying in the private sector, so they can actually think long term. And so I think there's been a lot of talk about public versus private, but I think the move to private is very much an outcome of the fact that markets have become so short-term.”
Money Maze Podcast: “Tracy Blackwell, CEO of the Pension Insurance Corporation”
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