Category Archives: pensions

Our best shot at pension simplification in a generation!

It’s an interesting time right now for those involved in DC regulation. This blog suggests that if we can find a single definition of value for money that is acceptable to TPR and FCA, then we can massively simplify DC … Continue reading

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A practical illustration of Contractual Accrual Rates – Clacher and Keating

  In this article Con Keating and Iain Clacher explain an alternative to the current way we require DB schemes to be funded. It challenges received thinking and offers a way forward to regulators struggling to find an acceptable funding … Continue reading

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Pension Bee and the fintech annuity

Legal & General Retail Retirement has agreed a new partnership  to provide annuities to PensionBee customers. From 3rd August, customers enquiring about an annuity with PensionBee will be introduced to Legal & General for further information, or to get a … Continue reading

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The Killing of Open Schemes – Michael Bromwich

  Michael Bromwich has been the CIMA Professor of Financial Accounting  at the  LSE since October 1985  . He is the co-author of “Management accounting in a digital and global economy” and one of Britain’s authorities on the subject. His … Continue reading

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Pot consolidation doesn’t need alchemy – it needs common purpose and leadership

  The case for Government intervention on “small pots” is made very well by Dirk Paterson It is indeed time for Government intervention, but the choices are many and each has its issues. The danger of relying on Government intervention … Continue reading

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South African mortality from COVID-19

Introduction In this bulletin we review death reporting for COVID-19 in South Africa, with some comparison to the United Kingdom and other global regions. South Africa reported deaths are shown together with comparisons of Case Fatality Rates (CFRs) that may … Continue reading

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Superfunds and COVID-19

In a very good overview of superfunds, Jo Cumbo and the FT explain the new option available to the 5000+ employers sponsoring DB schemes on what Guy Opperman calls their spectrum of choice. Jo makes clear that superfunds are not … Continue reading

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DC Governance – “for the saver not the sponsor”.

The simplest way of looking at the shift from DB to DC in the UK over the past 25 years as a risk transfer from collective (underwritten by a sponsor) to individual (with no underwriting – even where there is … Continue reading

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Bank charges negative interest on pension cash.

Thanks to Steve Goddard for bringing this curiosity to my attention. It was not long ago that one of the chief sources of revenue for SIPP managers was creaming off interest on client accounts to subsidize other activities or simply … Continue reading

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Prem Sikka’s peerage – its value to accounting , governance and pensions

Prem Sikka, too, is an appointment to be welcomed as strengthening the Lords pensions team. Read his monograph from 2006, “Pensions crisis a failure of public policymaking”, https://t.co/xBHu7dgVKJ. Chapter 2: THE PENSIONS CRISIS: FACT AND FICTION explains the valuation and… … Continue reading

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