Tag Archives: actuaries

With “good risk” , we can push the sky away.


    This from City AM’s Josh Mines The pension deficit of the UK’s 350 largest companies tumbled by a huge £16bn over the course of May, figures out today have shown. In just one month, the FTSE 350 pension … Continue reading

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What now for the new BSPS and its members?


I was sent an announcement yesterday about the new British Steel Pension Scheme. It’s a complicated message and I’ve tried to add comments that explain what each paragraph means in a little easier way. My comments are in green. They … Continue reading

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“If not ACAS – who?” No end in sight to the USS dispute.


The dispute between the University employers (UUK) and their teaching staff (UCU), shows no sign of resolution. Indeed, with students breaking for their Easter holidays, impulsion for a settlement has now reduced. There would have been little teaching done over … Continue reading

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The pension transfer debate can’t be left to experts!


I’m a big fan of outright hostility on social media, especially if it is directed at me. I don’t rate myself as anywhere near as good as Paul Lewis – who is the master at absorbing and developing such hostility … Continue reading

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Actuaries – many ears here to listen!


I am glad that I had a go at the actuarial experts arguing in the FT.  It didn’t change the way  people behaved yesterday – (although several hundred people appear to have spent time reading it) – but  it solicited … Continue reading

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Actuaries! Talk with us – don’t argue with each other.


  There’s a  silly letter in the FT this week which I print in full.  Sir, Jo Cumbo’s report “Mortality update bodes well for pension deficits” (May 4) refers to an assertion by PwC that slowing mortality improvements could reduce UK … Continue reading

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Royal Mail’s pension; kick out the experts


A wage in retirement – not a dump of cash At the back end of last week,  Royal Mail rejected the CWU’s proposal to establish a new defined benefit scheme designed to keep posties accruing a pension based on career … Continue reading

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Shift to bonds chokes health of UK pension funds!


One of the best things about working for First Actuarial is our resolute refusal to see the world any way but our way! As common sense (pragmatism) is what guides us, we are happy to have the courage of our … Continue reading

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Why can’t we talk about investment returns?


  Investment performance has become a taboo – a “no go zone”. This suits the auto-enrolment agenda which is “comply or die”, but NEST has broken ranks and asked defaqto to publish comparative investment performance and it was right to … Continue reading

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“Why do we see pensions like that?” Assumptions behind the FAB Index


This week we published the FAB index (FABI) which shows the way we see the state of this nation’s defined benefit pensions. “We” means First Actuarial, I work for First Actuarial. We want to paint a picture of the pensions … Continue reading

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