There are many of us who see the herding of pension schemes towards buy-out, in the same light as the LDI stampede.
Both initiatives have the stamp of “de-risking” upon their brows but neither offers much to the consensus that pension schemes should matter to the economy, the climate and most of all – to pensioners.
DB “Run on” is the topic of this morning’s Pension PlayPen coffee morning which will be led by C-Suite’s William McGrath.
William argues that actuaries who close their mind and do not properly explain the advantages of a scheme running on , are not just putting at risk the advantages of a pension scheme, but jeopardising their professional reputation.
I doubt that many coffee mornings have focussed on the importance of TAS300. Infact William McGrath may be about to conduct a “world premier”.
But you know the affable Aga-loving former CEO of Rangemaster will have a cast-iron argument that will fire us up on Tuesday 18th June.
The free-link to this event, for those too poor or mean to pay PlayPen subs is here