Category Archives: actuaries

Austerity keeps life “nasty, brutish and short”.


      An actuary friend of mine writes to me If we adjust the State Pension Age ahead of time, then it depends on assumptions for future improvement – (as adjustments follow a formula). And right now as you know … Continue reading

Aside | Posted on by | Tagged , , , , , , | 1 Comment

Pension = Wage for life


Sloppy journalism confusing readers. A quick scan of the Daily Telegraph’s Money Pages leaves me hopeless at its hapless reporting of pensions. Somebody should sit down with the whole personal finance team and read them the riot act. Take Mike … Continue reading

Posted in actuaries, advice gap, pensions | Tagged , , , , , , | 4 Comments

The value to me of “set and hold”!


  The FT is masterful with understatement. A 2% charge can take quite a chunk out of the overall portfolio return If your predicted investment return is (say) inflation +3%, having to earn 2% to pay your investment manager, custodian … Continue reading

Posted in actuaries, advice gap, pensions, pot, Treasury | Tagged , , , , , , | 2 Comments

Restoring victim’s confidence in pensions


The confidence I have in pensions is because I know the people who are at the helm give a damn. I am lucky, I can bump into them in all kinds of ways. It is easy for me to say … Continue reading

Posted in actuaries, advice gap, annuity, pensions | Tagged , , , , , , , | 1 Comment

CETVs; the flight from quality


Both the Times and the Financial Times report today on the anticipated voluntary withdrawals from Britain’s DB pensions through cash equivalent transfer values (CETVs). The FT, relying on Mercer as a source, estimate the withdrawals to be as much as … Continue reading

Posted in actuaries, advice gap, pensions, Treasury | Tagged , , , , , , | 6 Comments

If you see bad advice – say something!


  I was very pleased to read Natalie Holt’s article in Money Marketing, we need a better way to deal with bad advice. It deals with public perceptions of financial advisers and is uncompromising. The reality of advice is lost … Continue reading

Posted in accountants, actuaries, advice gap, pensions | Tagged , , , , , | 5 Comments

Pension Risk Sharing – they’re all at it but us!


Japanese CDC is coming @JohnRalfe1 @markjrowlinson @WillJAitken @henryhtapper https://t.co/e9D2UClhBR — Sam Pickford (@pickfos) June 2, 2017 Oh dear! News that the Japanese have gone all defined ambition did not go down well. Infact it went down like Japanese Knotweed at … Continue reading

Posted in actuaries, advice gap, pensions | Tagged , , , , , , , , , | Leave a comment

Tata puts pensions first


  Though the details of Tata’s offer to the members of the British Steel Pension Scheme (BSPS) are only sketchy , it is clear that they are focussed on members getting “PPF+” on existing benefits and a defined benefit pension … Continue reading

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

You want to know the difference between RPI and CPI – from an expert?


Sometimes twitter just says wow! This is one of those times! Oh this is excellent. I mean seriously excellent. @TheActuaryMag @ProfPensions https://t.co/aJluICOIdk — Mike Harrison (@HigherEdActuary) May 12, 2017   Response to Department for Work and Pensions consultation on Security … Continue reading

Posted in actuaries, pensions | Tagged , , , , , , , , , | 7 Comments

Actuaries! Talk with us – don’t argue with each other.


  There’s a  silly letter in the FT this week which I print in full.  Sir, Jo Cumbo’s report “Mortality update bodes well for pension deficits” (May 4) refers to an assertion by PwC that slowing mortality improvements could reduce UK … Continue reading

Posted in actuaries, pensions | Tagged , , , , , , , , | 4 Comments