Scheme actuaries use a nominal gilt yield curve, which they assert directly matches the currency and inflation exposure of those…
"prefers to compare the returns with a liability proxy (a mixture of gilt maturities)" Are those Index-Linked gilts, given that…
I agree the major problem with DC is that it has been designed as a savings plan not to provide…
Oh, and I think this confusion leading to DB being viewed as a pot by members is an unintended consequence…
Category Archives: Popcorn Pensions
A full frontal retreat on charges
If we are to restore public confidence in pensions, we need action not more procrastination. Continue reading
The worst kind of paternalism
They’re all , fat and old, queuing for the House of Lords Continue reading
Posted in Music, pensions, Popcorn Pensions, Public sector pensions, RBS
Tagged Civil Servants, DWP, House of Lords, Paternalism, Remote Control, Steve Webb, The Clash
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A promise or a guarantee?
If Steve Webb wants AE to work, he should stop turning promises into guarantees and burdening employers with unforeseen liabilities and huge consultative and administrative costs. Continue reading
Posted in actuaries, auto-enrolment, corporate governance, EU Solvency II, Fiduciary Management, leadership, Liability Driven Investment, pension playpen, Popcorn Pensions, steve webb
Tagged Benefit, Business, Business and Economy, dc pensions, de-risking, Defined benefit pension plan, Guarantee, pension, Pension new, pension playpen, Retirement, Steve Webb
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Another year older..
I am not a year older – I am two years younger than I was five years ago – at least I’m two years further from retirement (relatively speaking). Continue reading
What’s this charge cap really going to cost? (1000th blog)
Ringing out the old and ringing in the new should be managed with a little more responsibility than the approach adopted by the DWP through their dodgy Impact Assessment Continue reading
Let’s rid us of financial carnage at retirement
I’m really interested in why pension schemes don’t provide more support. Any views out there on what the biggest barriers to providing more support than basic communication and a signpost to MAS or TPAS or Unbiased? Continue reading
Posted in advice gap, annuity, auto-enrolment, customer service, dc pensions, de-risking, defined aspiration, pensions, Popcorn Pensions
Tagged annuity, Business, Business and Economy, dc pensions, Defined benefit pension plan, Government, National Employment Savings Trust, pension, Pension new, pension playpen, Retirement, Steve Webb
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Who’ll blow the whistle on the annuity fiasco?
Ros Altmann has got a lot of stick from pension folk for feeding the bad news on annuity rates to the Daily Mail, resulting in this front page. Continue reading
Small is beautiful – a good news story from Investment Solutions
Have a look at the Investment Solutions website or http://www.firstactuarial.co.uk or http://www.pensionplaypen.com – you’ll see a common thread- SMALL BUT BEAUTIFUL. Continue reading
Posted in investment, pensions, Personality, Popcorn Pensions, Treasury
Tagged asset maangement, corporate governance, corporate risk, dc pensions, de-risking, Defined benefit pension plan, Employment, first actuarial, Investment Solutions, Pension new, pension playpen, Retirement, Society
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John Tapper’s retirement plan
The Auction catalogue tells us “Mr Tapper’s cows are a very nice lot, all young, of good size and colour and good milkers Continue reading
Posted in doctors, Henry Tapper blog, pensions, Popcorn Pensions, religion
Tagged auction, Business and Economy, cow, Employment, farner, oats, pig
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Can employers “do auto-enrolment” themselves?
The answer is with the financial services industry, with payroll and HR software manufacturers and with the providers of pensions themselves Continue reading
Posted in advice gap, auto-enrolment, pensions, Popcorn Pensions
Tagged auto enrolment, Business, DWP, Government, National Employment Savings Trust, pension, Pension new, Retirement, Steve Webb
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Thanks for your reply. I hope it does successfully "embed both the real rate and expected inflation in one number".…