Scheme actuaries use a nominal gilt yield curve, which they assert directly matches the currency and inflation exposure of those…
"prefers to compare the returns with a liability proxy (a mixture of gilt maturities)" Are those Index-Linked gilts, given that…
I agree the major problem with DC is that it has been designed as a savings plan not to provide…
Oh, and I think this confusion leading to DB being viewed as a pot by members is an unintended consequence…
Tag Archives: Business and Economy
I’m in- who’s out?
I’m serving up a dish which may have gone cold in your inbox or may not have reached you at all. Personally I’m not concerned about opt-out rates, even if they crept above the 9% generally advertised. That Ceridian … Continue reading
Posted in advice gap, auto-enrolment, Bankers, brand, Change, corporate governance, Payroll, pensions
Tagged Asset management, Bankers, BNP Paribas, Business, Business and Economy, Ceridian, dc pensions, Employment, FCA, Government, Insurance, pension, Pension new
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Better hid.
The trustees of NEST have been faced with a dilemma and it’s clear they have considered it and taken decisive inaction. This blog sets out to explain and justify why the Trustees of our National Employers Savings Trust have chosen … Continue reading
Honest research from Towers Watson on employer attitudes to workplace pensions
I have a lot of respect for Towers Watson. They may be big but they have kept their integrity through their expansion and the people who work for them demonstrate a focus on their customers and an intellectual integrity that … Continue reading
Posted in auto-enrolment, Payroll, pension playpen, pensions
Tagged Business, Business and Economy, corporate governance, DB, dc, Financial services, National Employment Savings Trust, pension, Pension new, Public Sector Pensions, Research, Retirement, Roger Urwin, Steve Webb, Towers Watson, twitter, workplace pension
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When only a dedicated project manager will do – AE needs new advisers.
Most pension people trying to project manage auto-enrolment have found themselves out of their depth. Whether you are an actuarial consultant or an IFA the issue is the same- you know little about HR processes and less about payroll. Integrating … Continue reading
Your life for sale – what a liquid annuity market could mean.
Why people like me get cross with him is that he is dangling carrots and waving sticks but the donkey is locked in the stable. To get the animal moving, Steve Webb or his successor is going to have to open the stable door. Continue reading
Something every UK start up should know about finance!
Pension PlayPen Ltd is funded in part by a SEIS. We are a start up funded by the private savings of its Founding Directors. We know it’s hard to get funding from the banks. We know it’s hard to keep … Continue reading
Posted in Bankers, EIS, SEIS
Tagged Business, Business and Economy, corporate governance, corporate risk, Employment, Financial services, Government, pension, pensions, social media, Society
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Competition’s good but collaboration can be better
The idea that pensions are complicated is odd. There is nothing complicated about a series of payments made to someone from a determined date to the date they die. It is a simple insurance against penury in old age- a … Continue reading
Posted in pensions
Tagged Business, Business and Economy, corporate governance, corporate risk, DWP, Employment, FCA, National Employment Savings Trust, pension, pensions, Retirement, Steve Webb, TPR
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A capacity crunch?
The prospect of debating whether we get a capacity crunch in Auto-enrolment drew a capacity-crunching crowd to Wragge & Co.’s offices yesterday afternoon. Under the convenance of heroically quiffed Andy Agethangelou, some 50 of us attended a symposium on the current state … Continue reading
Posted in auto-enrolment, customer service, dc pensions, NEST, Payroll, pension playpen, pensions
Tagged annuity, Business, Business and Economy, Capacity crunch, CIPP, corporate governance, corporate risk, dc pensions, de-risking, Defined benefit pension plan, DWP, Employment, Financial services, Government, National Employment Savings Trust, pension, Pension new, pension playpen, pensions, Politics, public sector, Public Sector Pensions, Retirement, Society, Standard Life, Steve Webb, twitter, United States
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“Let them eat cack” – why does Government still think individual annuities can work?
Steve Webb has been at it again, suggesting that the annuity crisis could be solved if we had a one year cooling off period after we’d bought an annuity in which we could take it back (with a receipt) and exchange it … Continue reading
Quis custodiet ipsos custodes?
I am glad to see that Sam Broadbeck of Pensions Insight has not allowed the State Street scandal to fall off the radar just yet. Writing in Pensions Insight, Sam points out that while Transition Management is not the … Continue reading
Thanks for your reply. I hope it does successfully "embed both the real rate and expected inflation in one number".…