Category Archives: actuaries

The Financial Scientologists

Posted on July 20, 2018 by

  Paul Lewis is absolutely right in attacking the dogmatism that religion creates. People may be spiritual, without imposing their views on others, but when someone’s dogma overtakes their sense of humanity, they become strangely inhuman. This is what accounts … Continue reading →

Posted in actuaries, Bankers, pensions | Tagged , , , , , , | 6 Comments

Why should we have to “engage” with our pension?

Posted on July 15, 2018 by

I am on the same page as Charlotte Clark of the DWP, I don’t think we should be asking people to engage with our pension, state – occupational or private. Saving for our retirement needs our attention but when we’ve … Continue reading →

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

Recognition for Al Rush and for Chive, but have we learned Port Talbot’s lessons?

Posted on June 22, 2018 by

It was good that Chive received recognition from the IFA community at last night’s Money Marketing Awards. The final award of the evening is the Outstanding Contribution Award sponsored by @RoyalLondon #MMAwards2018 — Money Marketing (@_moneymarketing) June 21, 2018 It … Continue reading →

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Averting a pensions crisis?

Posted on June 12, 2018 by

I’m on a panel of speakers at the Institute of Chartered Accountants of Scotland tonight. The title of our session is “averting a pensions crisis” and were it not the title of the worst album of the seventies, I’d be … Continue reading →

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

With “good risk” , we can push the sky away.

Posted on June 4, 2018 by

    This from City AM’s Josh Mines The pension deficit of the UK’s 350 largest companies tumbled by a huge £16bn over the course of May, figures out today have shown. In just one month, the FTSE 350 pension … Continue reading →

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

What now for the new BSPS and its members?

Posted on May 17, 2018 by

I was sent an announcement yesterday about the new British Steel Pension Scheme. It’s a complicated message and I’ve tried to add comments that explain what each paragraph means in a little easier way. My comments are in green. They … Continue reading →

Posted in actuaries, BSPS, pensions | Tagged , , , , , , | 3 Comments

Alright LCP and First Actuarial – here’s my ESG challenge to you!

Posted on April 20, 2018 by

I’d alert readers to an excellent thought piece by LCP consultant, Sam Cobley. You can read it here. Sam ponders why, while every trustee and IGC chair is now commenting on Responsible Investment and Environmental, Social and Governance issues. So few … Continue reading →

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

“Too prudent for its own good” – how under-risking DB schemes causes new problems.

Posted on March 25, 2018 by

Someone , somewhere on the multiple threads surrounding USS, has asked me if I think that transfers out of USS are likely to be the next miss-selling scandal.  I think it unlikely, and to explain why, I need to explain … Continue reading →

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

In defence of small pension schemes

Posted on March 22, 2018 by

I went to bed worrying about this statement and woke up with it still rattling round my brain.  “A lot of employers are fed up with their pensions and want to see the back of them, they want to see … Continue reading →

Posted in actuaries, pensions | Tagged , , , , , , | 11 Comments

If Tesla did pensions…

Posted on March 1, 2018 by

Hi!, I’m Oliver Payne and being the good Actuary that I am, I could not write something like this without first stating the caveats. So let me clarify a few things: this should not be considered Actuarial advice, the views … Continue reading →

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