Category Archives: Public sector pensions

Pension Corporation points the way to “ambitious pensions”

A timely report arrived yesterday from the Pension Corporation estimating that the cost of replacing a standard DB benefit structure using DC had risen to 55% of salary. PIC’s business model is based on managing out DB plans on a … Continue reading

Posted in annuity, auto-enrolment, dc pensions, de-risking, defined aspiration, Jersey, pensions, Public sector pensions, Retirement | Tagged , , , , , , , | 27 Comments

Aspirational pensions – popcorn pensions!!

There are going to be a lot of objections to aspirational pensions over the weeks and months to come, but for me they are popcorn pensions – delicious, affordable and while they may not be the haute cuisine of the guaranteed Final Salary plans pragmatic.

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Posted in annuity, auto-enrolment, dc pensions, de-risking, EU Solvency II, happiness, Henry Tapper blog, Management, pension playpen, pensions, Popcorn Pensions, Public sector pensions, Retirement, Treasury | Tagged , , , , , , , | 16 Comments

“A fair and lasting settlement”; public sector pensions

Paul Johnson and the Institute of Fiscal Studies have done the numbers and, to nobody’s surprise, have concluded that the long-term cost of  public sector pensions in terms of “pensions out” will be about the same under the new regime … Continue reading

Posted in de-risking, pensions, Public sector pensions | Tagged , , , , , , , , , | 2 Comments