Category Archives: de-risking
So what’s this “tough new regulatory environment” for DB pensions?
Next week I’m on holiday – but I’m not – because I’m doing loads of meetings and moderating a session at the DG DB pensions conference. What you have to do when you moderate these things is get all … Continue reading
Posted in de-risking, flood, Henry Tapper blog, pensions
Tagged DB, DB pensions, pensions, Waldorf
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Con Keating asks “Does life-styling make sense?”
In the course of my recent work on value for money metrics, I have come across several schemes which apply life styling to older ages and many have argued that these strategies merit a benchmark which differs from the … Continue reading
Posted in actuaries, advice gap, dc pensions, de-risking, pensions
Tagged dc, de-risking, Lifestyle, pensions
9 Comments
Convince or collapse – the options for small DB schemes in the next decade.
We stand on the cusp of the third decade of the 21st century. That decade is likely to see small DB schemes collapse into consolidators or stand firm with renewed conviction. I wonder if I will still be … Continue reading
Posted in CDC, dc pensions, de-risking, defined ambition, defined aspiration, pensions
Tagged actuaries, Clara, DB pensions, Pension Superfund, pensions, Superfund
2 Comments
Do we have to wait for the car crash, before we mend the road? CP19/25
Around £12bn worth of DB pension pots could have been subjected to poor transfer advice, based on these FCA figures. This is over one year alone. pic.twitter.com/eUPWu8UoL0 — Josephine Cumbo (@JosephineCumbo) July 30, 2019 It is now too late to … Continue reading
Posted in advice gap, age wage, BSPS, dc pensions, de-risking, pensions
Tagged de-risking, workplace Pensions, WPS
4 Comments
Towards a new pension funding code
On Thursday, David Fairs, head of policy at the Pensions Regulator delivered a keynote speech to 200 or so delegates at the First Actuarial client conference. He did so a couple of hours after publishing a blog which has … Continue reading
Posted in de-risking, pensions, Pensions Regulator
Tagged David Fairs, DB, First actuarail, IFA, pensions, TPR
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More fun and games in the crazy world of pension transfers
It didn’t take long for the ripples from the Lloyds Bank GMP equalisation ruling to reach the crazy land of pension transfers. Within a few days of the Judge Morgan’s verdict we hear that thousands of people are having their pension transfers delayed … Continue reading
This week – we hope to be able to talk about the “benefit of pensions” again!
This is a blog about the economic utility of pension management. It’s written because the first thing that hit me this morning was this almost confessional comment from George Norval, Group Pensions Manager at Berensden. Is the DB Pensions Manager … Continue reading
Posted in advice gap, CDC, de-risking, pensions
Tagged benefits, de-risking, George Norval, Pensions, reward, Stella Eastwood
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There’s nothing democratic about genocide. FCA should stop “contingent charging” today.
The FCA have published two papers on transfers A policy paper CP 18/6 “Improving the quality of pension transfer advice and A consultation paper CP 18/7 “advising on pension transfers”. The upshot of which is that The FCA has gone back to … Continue reading
Posted in BSPS, de-risking, Henry Tapper blog, pensions
Tagged CETV, CP18/6, CP18/7, FCA, Genocide, pensions
3 Comments
What is CDC and does it matter?
Collective Defined Contribution Schemes (CDC) are back in the news. There are two reasons for this The Workplace and Pensions Committee have set up an enquiry into CDC Royal Mail and the CWU intend to move to a CDC basis … Continue reading
Posted in CDC, dc pensions, de-risking, defined ambition, pensions
Tagged CDC, dc, Defined Ambition, pensions, risk sharing
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TATA GPP – an investable option for BSPS members with a CETV.
I’ve received the following note from Aviva with regards the TATA group personal pension which has replaced BSPS as the corporately sponsored pension arrangement going forward. Thanks for your note below re the query you have received from a BSPS … Continue reading
Posted in advice gap, de-risking, pensions, social media
Tagged Aviva, BSPS, CETV, GPP, tata
15 Comments