The Dutch experience is often cited as a good reason not to use CDC to improve pensions. LCP say it’s a good reason for us to go CDC by learning from their mistakes.
In the second of two essays from my friends at LCP, I get encouragement to press on and help deliver CDC in the UK
Scheme actuaries use a nominal gilt yield curve, which they assert directly matches the currency and inflation exposure of those…
"prefers to compare the returns with a liability proxy (a mixture of gilt maturities)" Are those Index-Linked gilts, given that…
I agree the major problem with DC is that it has been designed as a savings plan not to provide…
Oh, and I think this confusion leading to DB being viewed as a pot by members is an unintended consequence…
Thanks for your reply. I hope it does successfully "embed both the real rate and expected inflation in one number".…