Monthly Archives: August 2023
Why I’m resigning as my personal pension actuary.
An Australian expert tells us a lack of financial literacy and education contributes to most retirees not wanting to spend their superannuation. “The financial services and superannuation sector has been focused almost solely on investment and supporting the growth of … Continue reading
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Sadly – many nurses can’t afford their “gold-plated” pensions.
“The Government can get people back to work – and also reduce taxpayer costs – by allowing all public sector workers to choose higher pay today, in exchange for a lower DB pension in retirement” – John Ralfe This is … Continue reading
It’s de-risking that’s the elephant in the room
A reader writes following my blog yesterday on LEBC’s demise Would I be mistaken for thinking that ‘de risking’ as promoted relentlessly by the consultants and advisers – at an eventual cost of £550 billion is the real elephant in … Continue reading
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The comfort of workplace pensions to the bereaved
Rich families which have access to cash do not need life insurance as poor people do. Life insurance is a pile of money, sat on a shelf so long as there’s money to keep it there. The idea is that … Continue reading
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Budgie’s back , thank God for that!
Nico was in France, Darren was in charge and Paul “Budgie” Budgen was back from a year’s bird in Ridley Hall – studying theology. We didn’t quite get to the bottom of why Paul has abandoned his new vocation and … Continue reading
LEBC – fall out for the fall guys
The demise of LEBC has been slow and painful. It died a death of a thousand cuts and now one of the most innovative advisory firms in Britain is no more than a hole in the balance sheet of its … Continue reading
Discover why Robin Ellison wants to get rid of the Pensions Regulator
I’m looking forward to chatting with Robin at next Tuesday’s Pension PlayPen coffee morning. Spoiler alert; he wants to abolish the Pensions Regulator. We once went head to head at the DWP – I think I wanted to scrap the … Continue reading
An actuaries guide to skipping “fast track” (what capital backing can do for your pension)
For an organization that I have no hope of ever joining, I get a lot out of the Institute and Faculty of Actuaries and yesterday they came up with another document that went straight into my reading tray. It will … Continue reading
September – a big month if you claim benefits
The UK received a rare flurry of positive economic news in mid-August when the Office for National Statistics announced that wage increases had gone up at a record rate, that inflation had fallen to 6.8 per cent and that food prices had begun to climb down. … Continue reading
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Where will wilko go? Thoughts on pension lifeboats.
In a recent meeting with administrators, GMB said it was informed there was ‘no longer any prospect that the majority of the business will be saved’ Meanwhile, joint administrators Jane Steer, Zelf Hussain and Edward Williams of PwC said that … Continue reading