Monthly Archives: March 2018
“Universities accept a small amount of increased risk” – Mike Otsuka’s USS update
What this UCU proposal involves and why it is justified In a meeting with Universities UK (UUK) employers on Tuesday 27 February, the University and College Union (UCU) proposed that “Universities accept a small amount of increased risk through a … Continue reading
Con Keating sets about John Ralfe’s CDC submission
Review of: Written evidence from John Ralfe Consulting This is my (Con Keating’s) review of and commentary upon the submission made in response to the committee’s call for evidence. It follows my precedent of verbatim quotation in black typeface with … Continue reading
Posted in pensions
2 Comments
It is time to ban contingent charging on DB transfers.
The argument for contingent charging (in abstract) The best case for contingent charging appears on this blog and it’s made by Pete Doherty, Managing Partner and CIO of Tideway. I published this blog to provide balance and to create debate. This is … Continue reading
Posted in pensions
Tagged Action, CETV, contingent charging, contingent fees, enforcement, pensions, Tideway, transfers
4 Comments
Smoke, mirrors and bogus objections; an acerbic blog from Con Keating
For their own reasons, usually venal, objectors to the implementation of collective defined contribution have managed to surround the concept with a fog of obfuscation and confusion. This has only been possible because of one of the great strengths of … Continue reading
Advisers should welcome a revival of the collective pension scheme
Financial advisers have never had it so good. The collapse of the DB market has led to the outflow of tens of billions of pounds into the wealth market, the emergence of fund platforms has allowed them to demonstrate a … Continue reading
Posted in Blogging, CDC, pensions
Tagged CDC, IFA, pensions, Royal Mail, wealth management, workplace Pensions
4 Comments
If Tesla did pensions…
Hi!, I’m Oliver Payne and being the good Actuary that I am, I could not write something like this without first stating the caveats. So let me clarify a few things: this should not be considered Actuarial advice, the views … Continue reading
Barclays numbers point to transfer carnage happening today.
I am staring with disbelief at p304 of the Barclays Report and Accounts 2017 which contains this statement. Of the £4,927m (2016: £1,800m) UKRF benefits paid out (in 2017), £4,151m (2016: £1,029m) related to transfers out of the fund. The total … Continue reading
Posted in pensions
5 Comments