Tag Archives: Actuary

The value of geography


I am not a geographer, I didn’t get the O-level – a little like Hilary Salt, I thought it something that PE teachers taught to fill in their curriculum. Geography has come a long way – when I was at … Continue reading

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If Tesla did pensions…


Hi!, I’m Oliver Payne and being the good Actuary that I am, I could not write something like this without first stating the caveats. So let me clarify a few things: this should not be considered Actuarial advice, the views … Continue reading

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Why some transfer values may be just TOO HIGH!


Earlier this year I wrote a blog “why some transfers are ridiculously high” which set out to explain how DB transfer values are calculated and why they are at present at historical highs. My friend and colleague Alan Smith presented the … Continue reading

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Austerity keeps life “nasty, brutish and short”.


      An actuary friend of mine writes to me If we adjust the State Pension Age ahead of time, then it depends on assumptions for future improvement – (as adjustments follow a formula). And right now as you know … 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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You want to know the difference between RPI and CPI – from an expert?


Sometimes twitter just says wow! This is one of those times! Oh this is excellent. I mean seriously excellent. @TheActuaryMag @ProfPensions https://t.co/aJluICOIdk — Mike Harrison (@HigherEdActuary) May 12, 2017   Response to Department for Work and Pensions consultation on Security … Continue reading

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A Christmas present for UK pension plc


The Pension Protection fund published its monthly update on Tuesday. The news slipped out quietly (as good news generally does). The aggregate deficit of the 5,794 schemes in the PPF 7800 Index is estimated to have decreased over the month to … Continue reading

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“The pension transfer lottery” – thoughts from a PlayPen lunch.


At a consumer level, the absurdity of pension deficit volatility, seemed to me abstract and notional. But yesterday’s Pension Play Pen lunch changed that.  One of our party reported that the value of his cash equivalent transfer value (CETV) changed … Continue reading

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“Blindsided!”-investment consultants caught by FCA’s rabbit punch


Nobody saw it coming. I went to a conference of investment consultants earlier in the month, the FCA’s Market Review was not on the agenda of any of the day’s sessions. But the FCA’s proposal to make a MARKET INVESTIGATION REFERENCE … Continue reading

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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

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