Category Archives: actuaries

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

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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

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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

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Forever Young – final 3 – thanks for voting “Andy”!


Andy Young has done more than anyone else alive to better pensions in the UK. He deserves a lifetime achievement award for his work – so vote for him! Continue reading

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Phoenix and the Hare bear bunch!


Last year I gave the Phoenix IGC chair report three greens out of three- the only report to get a “clear round”. It doesn’t quite make the double this year, but this is another excellent report which should be required … Continue reading

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Why employers still need DC advisers – even with collective governance!


To my surprise and mortification, I have been contacted by a group of DC pension consultants complaining that a recent blog denigrates their work with smaller employers helping them get the most out of their workplace pensions. A big fat … Continue reading

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Cridland and the price of state dependency


  John Cridland’s consultation report into the state pension age, commissioned by Ros Altmann and delivered today, does not say quite what the modernisers wanted it to. Accelerated pension ages and the scrapping of the triple lock deliver a double … Continue reading

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Pensions Resurgent! The merit of the CWU’s proposals to the Royal Mail


For the third day I am returning to the CWU’s proposals to the Royal Mail which I now consider the most important break through in pension scheme design we have seen in Britain this century. I base this on three … Continue reading

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Was DC the only choice for the Tata Steelworkers?


      Speaking on the radio yesterday, John Ralfe called the decision of Tata Staff to accept the loss of future accrual into a final salary scheme in exchange for a 10% contribution into a DC pension fund as … Continue reading

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We do not need another consultation on costs and charges.


A report in Professional Pensions that we are to get yet another consultation on costs and charges fill me with gloom. As the report points out, we have two consultations on the subject – in progress. They follow an exhaustive call … Continue reading

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