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
A race to the top?
We will not get this problem sorted out in a meeting room in the DWP, though the DWP can clear the decks and allow us to operate with a clean sheet of paper. Continue reading
In praise of young actuaries – #Momentum13
Momentum is an event organised by the Institute and Faculty of Actuaries for nearly or newly qualified actuaries, I was there yesterday speaking on the Future of Pensions. Being around talented committed people who have yet to lose the bright … Continue reading
Posted in actuaries, pensions
Tagged Actuarial science, annuity, Business, Business and Economy, Financial services, pension playpen, Retirement
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Let’s rid us of financial carnage at retirement
I’m really interested in why pension schemes don’t provide more support. Any views out there on what the biggest barriers to providing more support than basic communication and a signpost to MAS or TPAS or Unbiased? Continue reading
Posted in advice gap, annuity, auto-enrolment, customer service, dc pensions, de-risking, defined aspiration, pensions, Popcorn Pensions
Tagged annuity, Business, Business and Economy, dc pensions, Defined benefit pension plan, Government, National Employment Savings Trust, pension, Pension new, pension playpen, Retirement, Steve Webb
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Charging with confidence ; the proper price for the job
Much has been made of the opacity of costs and charges in financial services. Less has been made about the reluctance of customers to pay up front for the services they commission. This article explores the dip in confidence in … Continue reading
Do employers have a duty of care to their staff when they retire?
If you take the Daily Express, you will have been reading a series of front page headlines about “rip-off pensions”. Here’s this Thursday’s edition http://www.express.co.uk/news/retirement/423869/Millions-hit-by-scandal-of-pensions-rip-off . The argument is based on some recently released figures “A 65-year-old with average pension … Continue reading
Posted in advice gap, annuity, auto-enrolment, brand, club pension, customer service, dc pensions, pensions
Tagged annuity, Business and Economy, Government, Investing, Liability Driven Investment, Life annuity, National Employment Savings Trust, pension playpen, Pension Protection Fund, pensions, public sector, Public Sector Pensions, Steve Webb
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John Tapper’s retirement plan
The Auction catalogue tells us “Mr Tapper’s cows are a very nice lot, all young, of good size and colour and good milkers Continue reading
Posted in doctors, Henry Tapper blog, pensions, Popcorn Pensions, religion
Tagged auction, Business and Economy, cow, Employment, farner, oats, pig
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Why bother to save? – Invest instead!
What this policy is about is getting people to invest in real assets for the best interests in society Continue reading
Posted in annuity, auto-enrolment, Bankers, Change, club pension, Management, Mark Carney, pensions, social media, workplace pensions
Tagged BOE, Business, Business and Economy, Defined benefit pension plan, Employment, Fiscal, Government, Human Resources, Inflation, Insurance, interest, Mark Carney, monetary, National Employment Savings Trust, pension, rates, Retirement
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How safe is my pension?
This is one of the five most commonly asked questions I’ve been asked in my time advising members of workplace pensions in the past 25 years. In that time I have only advised on one scheme where members lost their … Continue reading
Posted in brand, pensions
Tagged Actuarial science, Business and Economy, corporate risk, England, Facebook, Government, Insurance, Investing, London, pension, Pension new, Pension Poverty, pensions, Retirement, Steve Webb
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Why pensions do need quality standards
If you buy a kettle, you look for the BSI Standard kitemark, if you get out a gas engineer – you look for the Corgi sign and if you buy fresh food you look for the red tractor Continue reading
Let’s give pensions leaders the chance to lead
I asked him whether he thought the Dutch pension system superior to the UK’s and he laughed “of course it is, it delivers better outcomes”. Continue reading
Thanks for your reply. I hope it does successfully "embed both the real rate and expected inflation in one number".…