Author Archives: henry tapper

About henry tapper

Founder of the Pension PlayPen, Director of First Actuarial, partner of Stella, father of Olly and the Pension Plowman

What the Pension Bill means

The 2016  Pensions Bill was published this week and it will have serious implications for single employer occupational schemes, small-mostly insured executive arrangements and for the burgeoning market for commercial mastertrusts. The Bill will also ensure that occupational schemes cannot … Continue reading

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The Blockchain is boring – we aren’t!

If you read my blogs you’ll know that I see the Blockchain as boring and beautiful at the same time. It is boring because it creates a central purchasing ledger and it is beautiful because it puts millions of boring … Continue reading

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Pensions for real – Even DC pensions!

All week we have been discussing how best to manage and measure Britain’s “pension deficits”. The FAB index which First Actuarial introduced last weekend has made quite an impression. My friend Rob Hammond will be on MoneyBox tomorrow lunchtime ; … Continue reading

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“Cash for kite marks?”- we should stick to “value for money”.

  At the end of the Pension Minister’s rambling confession at the PLSA’s conference yesterday , he was called to dish out awards to the three occupational scheme which had got the PLSA’s new “Retirement Quality Mark”. The three were … Continue reading

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Con Keating on Pension Valuations

Here’s one of two articles of Con’s he’s publishing here today; this appeared in Professional Pensions yesterday. Con reckoned he’d draw some flack and he’s been proved right (see the tweets at the end). But as Jonathan Stapleton points out, … Continue reading

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Con Keating asks “what is the purpose of a Pension Fund?”

  This article is designed to be read in conjunction with another article published this day. Both articles , together with details of First Actuarial’s FAB Index have been submitted to the DWP’s enquiry into DB deficits. They may also form … Continue reading

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Please don’t die-I was enjoying your annuity!

News that Government has finally put the Secondary Annuity Market down is no surprise. It was one of Steve Webb’s worst ideas and has proved about as popular as Osborne. Economically, the creation of a market in annuities is a … Continue reading

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“Why do we see pensions like that?” Assumptions behind the FAB Index

This week we published the FAB index (FABI) which shows the way we see the state of this nation’s defined benefit pensions. “We” means First Actuarial, I work for First Actuarial. We want to paint a picture of the pensions … Continue reading

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Want to know about investment risk? Quietroom’s “difficult second video”!

The good people at Quietroom have come up with another classic. I have to admit to having a bit part – I was the idiot who they asked to edit their script – as if! I think it is a … Continue reading

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Stop telling people what to do! (Michelle cracks the whip)

If you don’t know Michelle, then you should. She is the living, breathing soul of TPAS, an actuary who has forgotten how to be boring and a restorer of confidence in pensions. As the photos on this blog suggest – … Continue reading

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