Category Archives: actuaries
The conversion of the Pension Plowman
I had a bit of a ding-dong with Guy Opperman earlier in the year when I disagreed with him about getting illiquid investments into our workplace pension “Backing annuities – yes, backing DB scheme pensions -yes, but shoe-horned into DC … Continue reading
Posted in actuaries, advice gap, dc pensions, DWP, pensions
Tagged ESG, Impact investment, Infrastructure, Private Equity, social purpose
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Would CDC have surfed the pandemic’s waves? Aon think so
Earlier this week Willis Towers Watson explained how an individual’s buying power from a CDC scheme could be 70% higher than from a conventional DC scheme. Hot on its heels, Aon analysis shows UK CDC schemes would have weathered 2020’s … Continue reading
Posted in actuaries, advice gap, CDC, pensions
Tagged Aon, CDC, Pension Schemes Bill, Pensions, target pension
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A sense of proportion; (Keating and Clacher on insolvencies and the PPF)
In this article, Keating and Clacher consider corporate insolvencies and their impact on the PPF – they call for a sense of proportion. Last year DB pension schemes paid £65 billion in pension benefits to pensioners; the PPF paid £775 … Continue reading
Posted in actuaries, advice gap
Tagged Clacher, DB pensins, Dr Iain Clacher, Insolvency, Keating, Pensions, ppf
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COVID-19 actuaries bulletin (as the second wave hits)
The Friday Report – Issue 22 … Continue reading
Posted in actuaries, advice gap, coronavirus
Tagged #covid19, actuaries, Actuaries Response Group, C19 Actuaries Response Group
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Investing to secure defined outcomes
This is Stuart Fowler‘s first post on this blog. I am very pleased he is sharing this essay which focuses on the difficult challenge of investing for a pension. When I met the Chairman of the FCA I asked him if … Continue reading
Posted in actuaries, advice gap, age wage
Tagged DB transfers, defined benefit, Drawdown, FCA, mortgage endowment, pension, Stuart Fowler
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Weathering the Storm
Iain Clacher & Con Keating As part of our Funding Code research, we searched for academic or practitioner papers covering long-term expected returns forecasts. We were particularly interested in the ex post accuracy of these forecasts. We found none which … Continue reading
Posted in actuaries, advice gap, age wage, pension genome, pensions, risk
Tagged #USS, CETV, DB transfers, ppf, Ralph nader, USS
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Covid-19 actuaries give us their monthly medical update
There is emerging evidence that those who have previously been confirmed positive for COVD-19 may not develop a sustained antibody response and are susceptible to reinfection. Continue reading
Ros Altmann’s response to TPR’s DB funding code consultation.
I have asked for responses to the Pension Regulator’s consultation questions and Ros Altmann has obliged. As a member of the House of Lords and former Pension Minister, I hope Ros’ replies will be of particular interest Continue reading
Posted in accountants, actuaries, pensions, Pensions Regulator
Tagged Consultation, DB Funding Code, final salary, pension, pensions, Ros Altman, TPR
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Jon Spain’s submission on DB Funding
Although people have been living far longer than used to be the case, the financial assumptions are generally far more significant than the demographic assumptions.
If, as appears to be the case, we can’t get simple things right, why should we think we can tackle complex stuff successfully? Continue reading
Posted in actuaries, advice gap, pensions
Tagged DB Funding Code, DWP, Jon Spain, Submission, TPR
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