Monthly Archives: August 2020
93% of advisers put two fingers up to TPR’s Fast Track funding proposals
The UK #pensions sector has undertaken a temperature check on major changes to a funding code, governing DB schemes, proposed by the Regulator. The result was a cool response to proposals for a new “twin track” approach to scheme valuations. … Continue reading
Posted in actuaries, pensions
Tagged actuaries, Consultants, lawyers, pension, Society of Pension Professionals, SPP, Turkeys
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Ros Altmann on Pension Stripping (and much more)
I have resisted commenting so far, but feel that, having been at the helm of the ‘Stripped of our Pensions’ campaign to get Government to compensate people who lost their entire pension after a lifetime of contributions and successive official … Continue reading
Posted in actuaries, advice gap, pensions, Ros Altmann
Tagged Andy Young, Bright Beach, FAS, Pension Stripping, ppf, Ros Altmann, Sara Protheroe
7 Comments
Why DC pensions should follow the science
The country has learned a new respect for data during the lockdown. Following the science has led us to a better understanding of mortality and we understand from track and trace how understanding data protects us from infection. The public … Continue reading
Posted in artificial intelligence, Dashboard, pensions
Tagged agenda, Data, data science, DWP, Guy Opperman, pensions
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Will the next pension strip-off be unisex?
In a blog posted yesterday, Con Keating and Iain Clacher lamented the decline in the fortunes of DB pensions pointing to a series of political and regulatory interventions that hastened rather than prevented the catastrophic decline in good quality occupational … Continue reading
Posted in actuaries, pensions
Tagged actuaries, Brighton Beach, Con Keating, Strip-off, TPR
3 Comments
Justice delayed is only just justice. The Avacade judgement is 7 years late
Two companies ordered to pay £10.7m to investors sold risky #pension investmentshttps://t.co/pfDPr1UiO0 via @financialtimes — Josephine Cumbo (@JosephineCumbo) August 10, 2020 The FCA’s judgement against Avacade and Alexandra Associates is justice but only just. The FCA is requiring the two … Continue reading
Posted in advice gap, pensions
Tagged Alexandra Associates, Avacade, FCA, Liberty SIPP, Paraiba, Pension Scam, Scam
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Life expectancy is a statistical calculation which estimates the average number of years individuals in a certain group will live. However, people seem to interpret it as an expert opinion that tells them exactly how long they can expect to … Continue reading
Posted in actuaries, age wage, pensions
Tagged Actuary, Australia, Jim Hennington, Life expectancy, lifetime pension, pension
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How politics stripped pensioners over a generation – Clacher & keating
Iain Clacher and Con Keating explain the headwinds faced by pension schemes over the past 30 years. They explain how we have been systematically stripped of our pensions. In this, our second article on DB pensions history, we … Continue reading
The geography of our investment matters
I’ve become interested in the geography of investment through a friend who’s in with “the Good Economy’s Place Based Impact Investment Initiative” and I ended up writing a blog on it. I asked my son for his thoughts as he’s … Continue reading
Posted in age wage, pensions
Tagged Bruntswood, ESG, Legal & General, Oliver Tapper, Paul Stanworth, place
3 Comments
If payroll can integrate to our pensions, why can’t we?
Cast your mind back to the back end of 2012 when the big retailers and banks were staging auto-enrollment. The big employers were spending hundreds of thousands of pounds re-coding their payroll software or were ransoming themselves to “middle ware” … Continue reading
Posted in age wage, Payroll, Pension Freedoms, pensions, Sage
Tagged aeclypse, Dashboard, integration, Payroll, pensionsync
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Beirut’s Warehouse 12 – an ESG cause célèbre?
Who the hell stores nearly 3,000 tonnes of ammonium nitrate in a port area next to fireworks?” – Maha Yahya – Carnegie Middle Eastern Institute. Having read the reports I can only think that nobody “thought” and that for 13 … Continue reading
Posted in pensions
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