Author Archives: henry tapper

About henry tapper

Founder of the Pension PlayPen, Director of First Actuarial, partner of Stella, father of Olly . I am the Pension Plowman

Delhi -order out of chaos!


  30 hours into Delhi, seat of the Indian legislature and a place trying to make sense of a country that seems senseless. The influence of the Raj is all around you, even the brand new Leehla Palace Hotel tips … Continue reading

Posted in pensions | Leave a comment

Why WTW, Mercer and Aon cannot speak for us all.


Well I never! Aon Hewitt, Mercer and Willis Towers Watson have submitted a joint response to the FCA’s Asset Management Market Study Interim Report, proposing a number of measures to improve competition and transparency in the investment consultancy and fiduciary … Continue reading

Posted in pensions | 1 Comment

Indian pensioners – delighting me in Delhi


  I am en route to Delhi, I know nothing of India but what my Indian friends tell me and they tell me I will love it. I am not a born traveller, I find enough to amuse me in … Continue reading

Posted in pensions | 2 Comments

Let’s focus on real issues,not shock headlines- Dan Mikulskis on DB pensions


Though Redington and First Actuarial are very different types of consultancy, we share a concern for the future of DB and see many things in similar ways. This is a great blog by Dan Mikulskis, Head of Defined Benefit Pensions, … Continue reading

Posted in pensions | Tagged , , , , , , | Leave a comment

Nudge nudge , think think!


I went to an excellent panel debate last night which was asking whether behavioural finance could improve pension outcomes – well DC outcomes – which as one panellist pointed out hadn’t got much to do with pensions! A lot of … Continue reading

Posted in pensions | Tagged , , , , , , , | 1 Comment

More FAKE NEWS on pension deficits #FABI


The Government’s just published its green paper ‘Security and Sustainability in Defined Benefit Pension Schemes’. It’s already generated knee-jerk headlines claiming 11m employees could see their pensions cut. The green paper refers to “under-funded schemes” and “stressed employers”, but can’t … Continue reading

Posted in pensions | Tagged , , , , , , , , | 5 Comments

A business-friendly Pension Green Paper


I went to a  talk yesterday  from the CBI’s Carolyn Fairbairn. It was a lot more optimistic on business prospects than I’d expected (having heard her gnashing her teeth following the referendum). To be fair, she was saying then that … Continue reading

Posted in pensions | Tagged , , , , , , , , , | 2 Comments

Steady as you go – the DWP opts for the DB status quo!


It was there in the title “Security and Sustainability in Defined Benefit Pension Schemes”. This wasn’t going to be radical, this would be polysyllabic and it would focus on getting pensions paid. The Government’s green paper is a state of … Continue reading

Posted in pensions | 2 Comments

Unmortgage your kids into home ownership!


    I guess most people who read this blog are old enough to own their own house. But what if you were one of those twenty or thirty somethings who have done everything right- and still could not buy … Continue reading

Posted in pensions | 5 Comments

Elements of Truth – and Complete Misunderstandings (Con Keating and the DB Green Paper).


    This is an era of fake news, half-truths and outright lies. Spin and distortion have become the fabric of a false DB pension narrative; their unjustified ruination. Some “fact checking” is appropriate. We hear again and again that … Continue reading

Posted in pensions | Tagged , , , , | Leave a comment