"A couple might scrape together a combined private capital base of £240,000 provides only around £9,600 to £11,000 per year…
Aitken is most concerned with life insurers/assurers. Warren Buffett invested in non-life insurers for their distinctive economics, particularly the investment…
Agreed - though the contribution rates into private sector DB when we were accruing was often less than deficit payments…
my point is a simple one. Apart from DB pension provision in the U.K. is a disgrace Individual Median Pension…
Monthly Archives: November 2023
The Thames is a wild and dangerous place this morning
The view from my front door this morning is of the current ripping round the cut to Romney Lock and back to Romney weir, 200 yards downstream. The weight of water flowing over the weir and through the twin archimedes … Continue reading
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Mansion House at the tipping point – November 2023 has started well
This blog has been revised. If you get one thing that changes your outlook from an online event – it should be counted a success, yesterday’s SG Conference on productive finance gave me two The Pensions Regulator is … Continue reading
PPI concludes no-one is doing DC pensions properly (yet)
It’s been a week when everyone from PIC to PPI and stations between has been asking why we’re not making more progress turning our saved wealth to pensions. I modified my view of PIC’s staff that they hated their workplace … Continue reading
Are bonds “productive finance”?
A little group of us are having a vigorous debate about the definition of productive finance and what falls within its scope. I have taken as my starting point, the definition from Barry Kenneth – CIO at the PPF … Continue reading
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Tagged annuity, Business, Defined benefit pension plan, pension, Pension new, pension playpen, Pensions
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CDC needs a business plan
I spent 90 minutes on a call with the RSA CDC Forum as a guest. I am a member of the RSA and a “Friend of CDC” but am not on the Forum because there is no business case for … Continue reading
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Tagged Business Plan, CDC, for-profit, not for profit, Pensions, RSA
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Get COVID and live longer?
This is a repost of a blog by Stuart McDonald (actuarybyday) what appeared in 2021. It is – as Stuart suggests on social media – worth a re-read in the light of recent sessions of the Covid inquiry. Get … Continue reading
“No use crying over pensions” – Arun Muralidhar’s DC reset.
SeLFIES (Standard-of-Living indexed, Forward-starting, Income-only Securities). The SeLFIES bond is a single, liquid, low-cost, low-risk instrument, easy-to-understand for even the most financially unsophisticated individual, because it embeds accumulation, decumulation, compounding and inflation-adjustments. SeLFIES is good for governments too, as the … Continue reading
PIC discover their staff don’t like their workplace pensions
I’ve been waiting for this. A report from an insurer that talks to my and my staff’s actual experience of saving into a workplace pension Here is a medium sized employer with a highly financially literate workforce engaging with the … Continue reading
The image of pension professionals putting on their stout boots to face the snow is a good reminder that preparation…