Monthly Archives: May 2017
Actuaries – many ears here to listen!
I am glad that I had a go at the actuarial experts arguing in the FT. It didn’t change the way people behaved yesterday – (although several hundred people appear to have spent time reading it) – but it solicited … Continue reading
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Tagged actuaries, CMI, continuos mortality improvement, GAD, IFoA, Joe Strummer, pensions, The Clash
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You want to know the difference between RPI and CPI – from an expert?
Sometimes twitter just says wow! This is one of those times! Oh this is excellent. I mean seriously excellent. @TheActuaryMag @ProfPensions https://t.co/aJluICOIdk — Mike Harrison (@HigherEdActuary) May 12, 2017 Response to Department for Work and Pensions consultation on Security … Continue reading
Actuaries! Talk with us – don’t argue with each other.
There’s a silly letter in the FT this week which I print in full. Sir, Jo Cumbo’s report “Mortality update bodes well for pension deficits” (May 4) refers to an assertion by PwC that slowing mortality improvements could reduce UK … Continue reading
Posted in actuaries, pensions
Tagged actuaries, CARE, DB, defined benefit, long term care, morbidity, mortality, pensions, state pension
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AWT-fare thee well – some wish you in heaven – some wish you in hell!
“To lose one director may be regarded as a misfortune; to lose both looks like carelessness.” Hot on the heels of losing Charles Counsell (OBE), the Pensions Regulator is losing Andrew Warwick-Thompson – its DC guru and Policy Director. … Continue reading
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NEST’s duty to tell us how it spends our money.
This article is about the costs NEST is incurring, not to criticise those costs, but to publicise them as benchmarks to drive other provider costs down. I had the privilege yesterday of having lunch with Richard Lockwood, NEST’s Finance Director. … Continue reading
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HR humour
An HR manager was knocked down (tragically) by a bus and was killed. Her soul arrived at the Pearly Gates, where St.Peter welcomed her. “Before you get settled in” he said, “We have a little problem…you see, we’ve never … Continue reading
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Why #Accountex is so great!
Every year I feel compelled to write something quite uncritical and totally over the top about Accountex. This year is no different. People know that the accountancy practices- and especially their payroll departments are the true heroes of auto-enrolment … Continue reading
Should people be worried that the “fear gauge” is so low?
This is a chart of the VIX – the “fear gauge” of the title of this blog. It shows that (American) investors are less worried about the markets than at any time since 2012 (actually since the crash). The same … Continue reading
Posted in pensions
Tagged Accountex, Accountex 2017, fear, Mark Lee, negligence, Technology, VIX, worry
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FCA! Don’t flake on Independent Governance;- not now – not ever!
I’m in between meeting two IGCs to discuss the 2017 report and plans for the next 12 months. I’m really heartened not just by the improved understanding the IGC Chairs have of Vfm but by their willingness to speak with … Continue reading
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