Monthly Archives: July 2021

On risk management in CDC schemes

This is a blog in two parts. The first section covers the design of risk-sharing rules which maintain intergenerational fairness among CDC scheme members. The second part marries those rules with the statutory annual viability valuation. It is self-evident that … Continue reading

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Are computers laughing at us? Can we laugh back?

The irony is strong: a down-detector website is currently down 🙁 pic.twitter.com/EHZ2DEncLe — Colin Armstrong (@colinarms) July 22, 2021 Overnight some of the world’s leading websites have been down. Even the down-protector sites are down. We are now cautious  of … Continue reading

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The actuaries guide to face mask protection.

By Gordon Woo for Covid-arg.com COVID-19 Actuaries Response Group – Learn. Share. Educate. Influence. Summary When the wearing of face coverings in shops became mandatory in UK on 24 July 2020, there was no specific requirement other than coverage of … Continue reading

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Does Britain need an Aussie style “Retirement Income Covenant”?

  The Australian Treasury has recently consulted with its citizens on how to oblige Trustees of its huge Super funds to provide them with retirement income. There are parallels in the UK. Over the autumn and winter, the DWP will … Continue reading

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Living longer despite everything

  When I run around London, I often find myself passing the Covid wall and seeing each heart filled with the name of a loved one who has died in the current pandemic. The Covid memorial wall is perhaps unique. … Continue reading

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CDC need not be unfair to any generation – Con Keating

This blog was written before the draft CDC regulations were published. It was conceived as the first in a series of blogs examining different aspects of CDC design. It is basically unaffected by the new regulation. The second will address … Continue reading

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CDC is upon us – the return of the “in-house” pension is near

  I started writing about the need for a new kind of pension soon after the financial crash in 2008. With Quantitative Easing driving down interest rates, down came annuity rates too. Although annuities were improving in value with the … Continue reading

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CDC – the DWP seem to have got the message.

The consultation on the regulation of CDC schemes begins today and ends on August 30th,  it is a summer holiday job and timed to get a little attention as possible. As a statement of intent, Guy Opperman’s foreword is different … Continue reading

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Freedom – at what cost?

Rousseau’s famous phrase “man is born free but everywhere is in chains”, will be to the front of many people’s minds today. The true liberal reaction to the pandemic is herd immunity and early blogs from the Covid actuaries explored … Continue reading

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How well does Linked in’s fraud protection work?

Grant Eldred is the Chief People Officer of the world’s largest law firm – Clifford Chance. I worked with him at the start of his career, he is one of the most professional people I have ever met. Do you … Continue reading

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