Category Archives: actuaries

More market consistent follies – Con Keating on DB and DB transfer values


Today we’ll be looking at DB transfer values at our pension play pen lunch. Con can’t be there but has asked that his thoughts be fed into the debate- here they are These past few weeks, two new subjects have … Continue reading

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Why we can’t dissolve fund management like monasteries


  If you had to pay for advice – would you pay for judgement or luck? Con Keating makes an important point in response to my blog, in denial and in disgust it is required by statute to retain an … Continue reading

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“Nothing” is very much wrong with defined benefit pension schemes.


This week I was asked this question by a civil servant (not directly involved with pensions). Ignorant question: What in regulation or law would prevent a DB pension scheme being valued based on the actual assets as opposed to the … Continue reading

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Is the Green tide stronger than one man?


  In the past few days the Paris Treaty has been ratified. One man, Donald Trump, has threatened to put the short term interests of his country above the longer term interests of the globe. Neither we nor his citizens … Continue reading

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Shouldn’t Pension Schemes CREATE jobs? #CIPD


News that ballooning pension deficits are hitting profits and leading to hiring freezes is both unwelcome and unacceptable. Pension schemes should be benefiting UK businesses, enabling them to retire those becoming less productive and hire the best new talent. But … Continue reading

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Strange ideas – Con Keating debunks pension’s received wisdom


A number of extremely strange beliefs have emerged in the course of correspondence arising from earlier articles that introduced methods for the evaluation of pension liabilities which do not invoke any external factor. Take the idea of using market prices … Continue reading

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Long term sustainability of DB schemes (First Actuarial bulletin)


First Actuarial publish bulletins helping staff, clients and the wider markets to understand what’s going on. This is the 31st October bulletin. If you’d like to subscribe to this bulletin we will put you on our mailing list – please … 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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Calm down – calm down! Pensions are in better shape than “they” think.


  Some weeks ago , Anthony Hilton, finance writer for the Evening Standard, used his common sense to question whether the deficit emerging at the Daily Mail Pension Trust (DMGT) was real. The pensioners he represented did not seem any more … Continue reading

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The charges of the light brigade


    The publication by the Investment Association of a report that puts hidden costs in funds on a par with the Loch Ness Monster has been met with elation by fund managers and derision by their customers. Robin’s right; I remember … Continue reading

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