Category Archives: pensions

Risk sharing – a trouble shared or simply squashed?

What do we mean by risk sharing? My friend Con Keating has criticized me for advocating CDC as a scheme for pensioners only telling me that there is no risk-sharing between a 65 and 95 year old because they have … Continue reading

Posted in pensions | Tagged , , , | Leave a comment

To boost or not to boost? – that is the question

  Bulletin 128 By Louis Rossouw COVID-19 Actuaries Response Group – Learn. Share. Educate. Influence.     Summary High-income countries are progressing rapidly with vaccination and are starting to consider the use of booster shots where many low-income countries are … Continue reading

Posted in pensions | Tagged , , , , | Leave a comment

Pressure mounts on pensions for a CDC alternative.

“The CDC alternative must now be introduced, because the status quo is so unsatisfactory.” Martin Wolf , writing in the FT In another important article , published today, Martin Wolf points out what we close to pensions cannot see, that … Continue reading

Posted in pensions | Tagged , , , , , , | 1 Comment

Progress towards immunization; Covid-ARG’s weekend report

                                                                                                      http://www.covid-arg.com Friday Report: Issue 48 By: Matt Fletcher, Adele Groyer & Dan Ryan COVID-19 Actuaries Response Group – Learn. Share. Educate. Influence.   COVID-19 is still one of the hottest topics for scientific papers and articles. The COVID‑19 … Continue reading

Posted in pensions | Tagged , , , , | Leave a comment

CDC and Statutory Risk Management

The new regulations which enable CDC schemes require an annual viability statement to be prepared. Of necessity, it must be a forward-looking document, and that means that it will in part be reliant on the actuary’s/trustees’ estimates of the future … Continue reading

Posted in pensions | Tagged , , , | 3 Comments

On risk management in CDC schemes

This is a blog in two parts. The first section covers the design of risk-sharing rules which maintain intergenerational fairness among CDC scheme members. The second part marries those rules with the statutory annual viability valuation. It is self-evident that … Continue reading

Posted in pensions | Tagged , , , | 1 Comment

Are computers laughing at us? Can we laugh back?

The irony is strong: a down-detector website is currently down 🙁 pic.twitter.com/EHZ2DEncLe — Colin Armstrong (@colinarms) July 22, 2021 Overnight some of the world’s leading websites have been down. Even the down-protector sites are down. We are now cautious  of … Continue reading

Posted in pensions | Tagged , , , | Leave a comment

The actuaries guide to face mask protection.

By Gordon Woo for Covid-arg.com COVID-19 Actuaries Response Group – Learn. Share. Educate. Influence. Summary When the wearing of face coverings in shops became mandatory in UK on 24 July 2020, there was no specific requirement other than coverage of … Continue reading

Posted in pensions | Tagged , , , | 1 Comment

Does Britain need an Aussie style “Retirement Income Covenant”?

  The Australian Treasury has recently consulted with its citizens on how to oblige Trustees of its huge Super funds to provide them with retirement income. There are parallels in the UK. Over the autumn and winter, the DWP will … Continue reading

Posted in pensions | Tagged , , , | 1 Comment

Living longer despite everything

  When I run around London, I often find myself passing the Covid wall and seeing each heart filled with the name of a loved one who has died in the current pandemic. The Covid memorial wall is perhaps unique. … Continue reading

Posted in pensions | Tagged , , , | Leave a comment