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Category Archives: defined ambition
Death by discount rates
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
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All plans off for DB funding proposals
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
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Posted in actuaries, advice gap, Blogging, dc pensions, de-risking, defined ambition, DWP, pensions
Tagged DB, DB funding, DB pensins, DWP, ft, John Ralfe, SteveWebb, TPR
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Resilience.
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
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Posted in advice gap, age wage, Blogging, BSPS, Consolation, defined ambition, pensions
Tagged CDC, DB transfers, pensions, Port Talbot
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“Evolution not revolution” as important for what it omits as what it says.
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
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Posted in age wage, dc pensions, defined ambition, defined aspiration, pensions
Tagged annuity, CDC, dc, DCIF, Drawdown, Evolution, pension, pensions, revolution
4 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
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Posted in CDC, dc pensions, de-risking, defined ambition, defined aspiration, pensions
Tagged actuaries, Clara, DB pensions, Pension Superfund, pensions, Superfund
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“Why Michael Johnson’s so wrong!” – Con Keating
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
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Posted in annuity, blockchain, CDC, defined ambition, defined aspiration, pensions
Tagged annuity, CDC, Con Keating, Innovation, Michael Johnson, pensions
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CDC – the nuclear fission of the pension system.
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
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Posted in actuaries, advice gap, CDC, defined ambition, pensions
Tagged CDC, DB, dc, Defined Ambition, Freedoms, nuclear fusion, pensions
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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
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Posted in CDC, dc pensions, de-risking, defined ambition, pensions
Tagged CDC, dc, Defined Ambition, pensions, risk sharing
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Pensions Resurgent! The merit of the CWU’s proposals to the Royal Mail
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
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Posted in actuaries, advice gap, David Pitt-Watson, dc pensions, defined ambition, defined aspiration, pensions
Tagged CDC, CWU, David Pitt-Watson, Defined benefi, Eddy Truell, equities, Infrastructure, Linked in, pension, pensions, PIC, Royal Mail
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Of nuclear deterrents, sledgehammers and nuts – (DWP Select on DB)
The 90 page report on the state of our defined benefit pension schemes is published this morning. From first to last it is the work of Frank Field, it begins with BHS and ends with BHS, the confrontation with Philip … Continue reading
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Posted in defined ambition, DWP, pensions, Pensions Regulator, workplace pensions
Tagged Derek Benstead, DWP, FABI, Frank Field, knee jerk, Nut, ppf, Sledgehammer
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