2 Responses to A year off you life – a year on your pension. Windfalls are for sharing

1. Jnamdoc says:

   April 7, 2023 at 7.32

   Yes, of course makes perfect sense – we’re facing a cost of living crisis, and it would be a more moral way to use the DB surpluses rather than to line the pockets of the insurers. I’d see it more as a “common good and best interest” review. It would need the actuaries to think more broadly about the societal impact/ good, but I’m sure the maths would work.

   The main problem you’d encounter right off will be from the lobbyist who consider now that the rightful end owner/manager of DB funds will be the insurers, and spending the surplus instead on members and sponsors takes it away from the insurers (the sort of places where the PM and many in Govt came from). The flat-earthers at TRP will also need to have a proper remit too, of course.

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2. henry tapper says:

   April 7, 2023 at 7.32

   These are questions that aren’t being asked and they need to be. It’s good that William and team are standing up on this.

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