Category Archives: de-risking

So what’s this “tough new regulatory environment” for DB pensions?

Posted on November 9, 2019 by henry tapper

  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 →

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Con Keating asks “Does life-styling make sense?”

Posted on September 17, 2019 by henry tapper

  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 , , , | 9 Comments

Convince or collapse – the options for small DB schemes in the next decade.

Posted on August 13, 2019 by henry tapper

    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 , , , , , | 2 Comments

Do we have to wait for the car crash, before we mend the road? CP19/25

Posted on July 31, 2019 by henry tapper

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 , , | 4 Comments

Towards a new pension funding code

Posted on May 13, 2019 by henry tapper

  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 , , , , , | 1 Comment

More fun and games in the crazy world of pension transfers

Posted on November 10, 2018 by henry tapper

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 →

Posted in dc pensions, de-risking, pensions | Tagged , , | 1 Comment

This week – we hope to be able to talk about the “benefit of pensions” again!

Posted on November 5, 2018 by henry tapper

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 →

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There’s nothing democratic about genocide. FCA should stop “contingent charging” today.

Posted on March 27, 2018 by henry tapper

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 →

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What is CDC and does it matter?

Posted on December 21, 2017 by henry tapper

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 →

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TATA GPP – an investable option for BSPS members with a CETV.

Posted on December 5, 2017 by henry tapper

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 , , , , | 15 Comments