Category Archives: defined ambition

Saul Jacka on “Regulation, risk and (defined benefit) pensions”

Posted on November 20, 2020 by henry tapper

  Published with the kind permission of the author.

Posted in age wage, defined ambition | Tagged , , | 6 Comments

Death by discount rates

Posted on July 24, 2020 by henry tapper

Q: When is a million dollars not a million dollars? A: When it is not yet a million dollars. The pensions business is all about the long term. Fund managers like me are responsible for ensuring we have sufficient funds … Continue reading →

Posted in de-risking, defined ambition, pensions | Tagged , , , , , , , , , , , , | 11 Comments

All plans off for DB funding proposals

Posted on May 5, 2020 by henry tapper

I’m sorry to have missed the FT’s DB funding debate, it sounds like a lively affair! Mercer, the professional services firm, last week estimated the aggregate accounting deficit for DB schemes for the UK’s 350 largest listed companies was £52bn … Continue reading →

Posted in actuaries, advice gap, Blogging, dc pensions, de-risking, defined ambition, DWP, pensions | Tagged , , , , , , , | 1 Comment

Resilience.

Posted on March 10, 2020 by henry tapper

A different perspective? The FTSE is on sale…… pic.twitter.com/KcdNv0vTG4 — Holly Mackay (@HollyAMackay) March 9, 2020 I am sure Holly’s graphic shouldn’t be taken as financial advice , though some will try to catch a falling knife. We have no … Continue reading →

Posted in advice gap, age wage, Blogging, BSPS, Consolation, defined ambition, pensions | Tagged , , , | 3 Comments

“Evolution not revolution” as important for what it omits as what it says.

Posted on November 16, 2019 by henry tapper

My view when I started this morning’s blog #Poole #Dorset #NovemberToMember pic.twitter.com/wpLW4EIcjy — Pension Plowman (@henryhtapper) November 16, 2019  I finished reading “Evolution not revolution – five years of freedom” sensing something had been missing. That something has just come … Continue reading →

Posted in age wage, dc pensions, defined ambition, defined aspiration, pensions | Tagged , , , , , , , , | 4 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

“Why Michael Johnson’s so wrong!” – Con Keating

Posted on June 5, 2018 by henry tapper

Michael Johnson’s letter to Frank Field & Co on CDC (reproduced in full here) was a real disappointment. I had expected more; a new and closely reasoned critique, passionately believed, perhaps. What I got was a tired and repetitive rehearsal … Continue reading →

Posted in annuity, blockchain, CDC, defined ambition, defined aspiration, pensions | Tagged , , , , , | 2 Comments

CDC – the nuclear fission of the pension system.

Posted on January 2, 2018 by henry tapper

  The way we safeguard our pensions today This blog looks at the different way people are protected from mischief depending on what type of retirement savings plan they are in. I’m thinking about this because I have various meetings … Continue reading →

Posted in actuaries, advice gap, CDC, defined ambition, pensions | Tagged , , , , , , | 2 Comments

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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Pensions Resurgent! The merit of the CWU’s proposals to the Royal Mail

Posted on March 16, 2017 by henry tapper

For the third day I am returning to the CWU’s proposals to the Royal Mail which I now consider the most important break through in pension scheme design we have seen in Britain this century. I base this on three … Continue reading →

Posted in actuaries, advice gap, David Pitt-Watson, dc pensions, defined ambition, defined aspiration, pensions | Tagged , , , , , , , , , , , | Leave a comment