Tag Archives: Actuarial

“The theoretical and analytical basis for the DWP’s funding regulations are not fit for purpose”.

This is the third in our series of blogs addressing the questions posed in the DWP’s Funding Regulations consultation. The previous blogs may be seen firstly here and secondly here. We follow the same conventions as in previous blogs. Industry … Continue reading

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

Don’t make the teachers pay

  I am  sad to read that “academics face a big rise in their pension payments”. That’s the headline in the FT and it may be true. Another set of spurious numbers? The University Superannuation Scheme has completed it’s three … Continue reading

Posted in accountants, actuaries, advice gap, pensions | Tagged , , , , , , | 7 Comments

“Nothing” is very much wrong with defined benefit pension schemes.

This week I was asked this question by a civil servant (not directly involved with pensions). Ignorant question: What in regulation or law would prevent a DB pension scheme being valued based on the actual assets as opposed to the … Continue reading

Posted in accountants, actuaries, pensions | Tagged , , , , , , | 4 Comments

Pension deficits down/up- last month/yesterday -WHATEVER!

PWC have published their monthly survey of the state of British pension funds. It shows that pension fund deficits have fallen markedly, not because lots of pensioners have died, or because the stock market went through the roof, but because … Continue reading

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

Quality Assurance from First Actuarial

  Sometime you need a job done well, for me it tends to start with water pouring through a light socket after someone left the bath-tap running upstairs! A lot of the time we’re called in to do some financial … Continue reading

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