Monthly Archives: February 2018
Oxford’s and Cambridge’s role in the demise of USS – Mike Otsuka
To be more precise: what follows is an account of the role of these two universities, and their constituent colleges, in the demise of USS as a multi-employer scheme that promises a decent, defined benefit (DB) pension to its members. … Continue reading
Posted in actuaries, pensions, USS
Tagged Cambridge, Mike Otsuka, Oxbridge, Oxford, pensions, USS
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BSPS – with the benefit of hindsight.
“I wonder how many of the financial advisors who recommended transfers out , predicted a 10% drop in the stock market in one week? Not many is my bet.” This is a post on the main British Steel Pensioners Facebook … Continue reading
“Savers to be discouraged from raiding pensions” – NS Sherlock
Apparantly DC pension providers are considering giving pension savers guidelines as they start drawing down money so they don’t run out of money. (Daily Telegraph- savers to be discouraged from raiding pensions). Presumably a responsible pension provider would also encourage … Continue reading
Aegon stung into action by the Bee!
Let your people go! It looks like Aegon has backed down and agreed to treat its customers wishing to transfer to PensionBee, fairly. This report, based on what appears to be a press release from Aegon, suggests that Aegon will … Continue reading
Posted in pensions
Tagged Aegon, Margaret Snowden, PASA, PensionBee, pensions, Rom Samova, standards, transfers
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“No need for CDC to ape the Dutch” – quips Con Keating.
This is a review of: The Legal Differences between CIDC and CDC by Prof. dr. Hans van Meerten and Elmar Schmidt, February 2018. It takes the form of a line by line commentary (in red) on the verbatim text of … Continue reading
Self-employment; opt-out or cop-out?
https://platform.twitter.com/widgets.js These are numbers produced by our Office of National Statistics. Detailed notes are at the bottom of this article. We can safely assume that (without Government intervention) the trends have continued and that the 2017 and 2018 numbers will … Continue reading
Royal Mail and CWU’s letter to Frank Field, requesting CDC.
This letter was addressed to Frank Field , Chair of the Work and Pensions Select Committee, on a joint letterhead from CWU and Royal Mail’s offices. It is dated 31st January and marks a significant step in the development of … Continue reading
All quiet on the charges front
I wasn’t at yesterday’s meeting of The Institutional Working Group but I know a few who were and the feedback I’m getting is good A sensible methodology which can be understood The platform for a common way for pension funds to find out … Continue reading
Posted in pensions
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And just what is it that you want to do?
This is the clip that was sampled for Primal Scream’s Loaded “Just what is it that you want to do?” “We wanna be free. We wanna be free to do what we wanna do, and we wanna get loaded and have … Continue reading
Posted in actuaries, CDC, pensions
Tagged Loaded, music, pensions, Primal Scream, Screamadelica
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What are Chinese walls made of ?
Darren Jefferson asks just how robust are these Chinese Walls I made a point of counting how many times during a typical week, the term ‘Chinese Walls’ was used by a variety of advisers. I got to eight so … Continue reading