Category Archives: First Actuarial

Reach out and touch – success is a state of mind!


  Yesterday the FT published an article with a headline many predicted we’d never read again. “FTSE 100-backed pension schemes move from shortfall to surplus” About the time the article was published I received a mail from someone who turned … Continue reading

Posted in advice gap, First Actuarial, pensions | Tagged , , | 1 Comment

Pension Deficits (and Surpluses) – where do you stand on #FABI ?


Rather than kick off with  the FAB index this month, I thought to promote the response it’s publication this morning has received. On the one hand there is Paul Lewis, who (for me) stands  for common sense and the ordinary person. … Continue reading

Posted in First Actuarial, pensions | Tagged , , , , , , , , | 3 Comments

Alright LCP and First Actuarial – here’s my ESG challenge to you!


I’d alert readers to an excellent thought piece by LCP consultant, Sam Cobley. You can read it here. Sam ponders why, while every trustee and IGC chair is now commenting on Responsible Investment and Environmental, Social and Governance issues. So few … Continue reading

Posted in actuaries, First Actuarial, pensions | Tagged , , , , | 4 Comments

As Carillion goes bust, First Actuarial shows PPF can take the strain.


Carillion’s dramatic and sudden insolvency is likely to push its 13 defined benefit (DB) schemes, and their 28,000 members, into the Pension Protection Fund (PPF). However, as reports emerge of a combined section 179 (s179) shortfall of as much as … Continue reading

Posted in actuaries, First Actuarial, pensions | Tagged , , , | 7 Comments

FAB Index sends us all a happy Christmas!


BAE adopts sensible funding approach as FAB Index hits all time high. BAE Systems has announced it is adopting an “asset-led” funding approach, enabling it to maintain its funding deficit at 2014 levels and continue to provide defined benefit (DB) … Continue reading

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Deficit – what deficit?


  “Deficit – What deficit?” asks First Actuarial as the FAB Index climbs for the third month in a row     First Actuarial’s Best estimate (FAB) Index improved for the third month in a row, showing a month-end surplus … Continue reading

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Planning for a noble and quick death?


  The FT has been doing some research about what motivates people to swap a pension for drawdown. The sample may not have been big but they’re drawing a strange conclusion. The superiority of the death benefits within drawdown are … Continue reading

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Three cheers for the FCA Asset Management Market Study


I  got to read MS15/2.3 last night. It was a good read. It’s long and detailed but it’s key findings and remedies are short enough to be listed here. There are the remedies that need a little more consultation;-  that … Continue reading

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FABI – taking the crisis out of pensions!


It is now three months since we launched our First Actuarial Best estimate Index (or FAB Index for short). It has generated a significant amount of interest amongst our clients and across the wider pensions industry – and has even … Continue reading

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What do we mean by Independent Financial Education?


This is an article that my firm First Actuarial have been sending to their clients. It’s so clear and simple, I thought I’d share it. Of course we’ll be sending it to Andy Haldane at the Bank of England! What … Continue reading

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