Tag Archives: Actuary

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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Stop telling people what to do! (Michelle cracks the whip)


If you don’t know Michelle, then you should. She is the living, breathing soul of TPAS, an actuary who has forgotten how to be boring and a restorer of confidence in pensions. As the photos on this blog suggest – … Continue reading

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Pensions Deficits: Mark-to-market valuation is the elephant in the room


Following on from yesterday’s blog from Hilary Salt, here are some interesting thoughts from Dennis Leech,  Professor Emeritus of Economics, University of Warwick You can contact Dennis directly at d.leech@warwick.ac.uk   The chief economist of the Bank of England, Andy Haldane, … Continue reading

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Actuaries – “VOTE SALT” your profession needs her.


Vote Salt in the elections for the Institute and Faculty of Actuaries Council. Tell those who know and trust you “Vote Salt”. Actuaries – if you’ve lost the link to your email, PRESS THIS LINK and VOTE SALT This is why … Continue reading

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Making the most of the £20bn small employers spend on DB – Guest blog from Hilary Salt


A simple shift in communications could ensure the £20bn employers spend on DB each year isn’t wasted Over the last decade we’ve seen the long march of defined benefit (DB) pension schemes from the sunny beaches of open schemes run by … Continue reading

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Don’t you -forget about DB – guest blog from the TUC


This blog is written by Tim Sharp of the  TUC, thanks to Hilary Salt for pointing it out and for Tim and the TUC for allowing us to republish it! It is easy to overlook defined benefit (DB) pension schemes … Continue reading

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Pension’s day of reckoning draws nigh!


April 6th 2016 should be a date with a red circle round it on any pension’s office calendar. It’s the day when contracting-out officially comes to an end- “cessates” – is no more. It is also the date when the … Continue reading

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