An interesting take and let's hope that option is available for those who have bought into CDC!
I was given to understand that the Royal Mail DC Plan was designed purely as a temporary arrangement building and…
The CWU did issue this briefing to members back in March, Henry: www.cwu.org/ltb/ltb-087-26-royal-mail-winding-up-the-rmdcp-scheme-transfer-of-member-assets-to-legal-and-general-mastertrust-in-july-2026/ But the FAQ in Appendix B of…
London’s carnival shows how music can bring different cultures together through rhythm and shared energy. For film directors and composers,…
Monthly Archives: June 2020
We had better get used to managing bad news;- (thoughts on 64,500 excess deaths).
The Continuous Mortality Investigation (CMI) has published its Mortality Monitor. Key points: – death rates 18% higher than same week last year – excess deaths this week were lower than the number of COVID-19 deaths – they estimate around 64,500 … Continue reading
Posted in pensions
Tagged bad news, Boris Johnson, Covid-19, Death, Excess Deaths, Rishi Sunak
1 Comment
The other way to value DB schemes- Clacher and Keating.
DB scheme value Valuation – the long way round Our blog (May 28th) calling for a bonfire of pension regulation led to a surprising amount of interest and a wide range of questions and even some requests for expansion … Continue reading
Posted in accountants, actuaries, advice gap, de-risking, pensions
Tagged Car, Con Keating, Contractual accrual rate, DB, defined benefit, Iain Clacher, valuation
5 Comments
Government responds to COVID-19 pension threat
The Government has responded to the current pandemic. This is a communication from the PPF , one of the six bodies involved with a guide to COVID-19 and your pension. Today the PPF has co-published the Government’s new guide “COVID-19 … Continue reading
Posted in pensions
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Chris Pond and Financial inclusion
If all the little announcements that Linked in gives us, the one that’s given me most pleasure is that Chris Pond has been promoted to Chair the Financial Inclusion Commission. For those who don’t know the Commission, this is what … Continue reading
Posted in pensions
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What has COVID-19 done to our economy? How can we recover? – Joseph Lu
What has COVID-19 done to the economy? The UK’s economy started the year with a rising stock market and house prices, said to be the continuation of a ‘Boris Bounce’ after a landslide election win that inspired business activity. … Continue reading
Posted in coronavirus, pensions
Tagged actuaries, Actuary, Covid-19, Economy, Joseph Lu, UK
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Why partial disclosure of pension cost and charges is bad news for savers.
Historically pension costs were none of the savers’ business. One of the things people find hardest to understand is what they’re paying for when they put money into a workplace pension. Historically , the answer is a promise of an … Continue reading
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Is there wisdom in this crowd?
This picture was taken in a time of lockdown (May 31st). It was taken at a time when the Government advice is still to stay at home where possible. It is taken in a country that has more than 60,000 … Continue reading
Posted in age wage, coronavirus, pensions
Tagged Beach, Bournemouth, Covid-19, Durdle Door, Lockdown, Queen
7 Comments
Great post! As Con Keating reminded us yesterday the "risk transfer" out of employer sponsored DB pension schemes has cost…