"A couple might scrape together a combined private capital base of £240,000 provides only around £9,600 to £11,000 per year…
Aitken is most concerned with life insurers/assurers. Warren Buffett invested in non-life insurers for their distinctive economics, particularly the investment…
Agreed - though the contribution rates into private sector DB when we were accruing was often less than deficit payments…
my point is a simple one. Apart from DB pension provision in the U.K. is a disgrace Individual Median Pension…
Tag Archives: buy-out
LCP – doh ray me!
We were having a sing song yesterday afternoon and it got “pensionlitical”. Doh! – it’s dear – DB is dear Ray – I read it in the Sun Me – DC! I’m by myself Fah – how long will drawdown … Continue reading
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Tagged buy-out, DB, Diversity, Insurance, LCP, Pensions, Stuart McDonald
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LCP finds partners to auto-cleanse pensions data
LCP has clubbed up with Transunion, the credit checker and Digidentity the digital identity verifier to work out better ways to get scheme data ready for buy-out and/or display on pension dashboards. It is also pretty important in paying them! … Continue reading
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Tagged buy-out, Data, LCP, Pension Dashboard, pension data, Steve Webb, TPA, Transunion
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Are you suffering from Premature Buy-Out?
This is the testimony of a member of a defined benefit pension scheme. It’s anonymous but none the worse for that. Anyone who is in a corporately sponsored defined benefit pension plan should be considering the implications of their scheme … Continue reading
Who’ll benefit from easing insurer’s capital requirements?
NEW: UK Govt says it’s “committed” to ensuring the insurance regime remains a “safe home” for people’s pensions. but also that UK insurers “remain internationally competitive”. Govt was responding to a written question on the impact of Solvency2 reforms.https://t.co/FuwkoouYOR — … Continue reading
Who owns the Bristol Water pension surplus? Steelworkers take note!
I hear that the very well-informed MP, Stephen Timms, who chairs the Work and Pensions Select Committee, is on to Bristol Water’s claim on the £12.1m surplus that is estimated to be left over after the scheme is bought out … Continue reading
Why pensions need a shift from a deficit to a surplus mindset.
This blog is written as a tribute to Stefan Zaitschenko whose positive mindset has meant that his fellow pensioners have been awarded a bonus of £57m. Stefan thinks positively about pensions and is an example to us all. From deficit … Continue reading
Superfunds and COVID-19
In a very good overview of superfunds, Jo Cumbo and the FT explain the new option available to the 5000+ employers sponsoring DB schemes on what Guy Opperman calls their spectrum of choice. Jo makes clear that superfunds are not … Continue reading
Insuring too much for living too long
I went to an interesting debate this morning about the DB deficit crisis (what crisis?). A number of interesting things emerged, such as a statement that a pension scheme cannot get a real return on its investments. I looked at … Continue reading
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Tagged buy-in, buy-out, ft, Hymans Robertson, ILC, ILC-UK, Insurance, jo cumbo, LDI, Longevity, Technology
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The image of pension professionals putting on their stout boots to face the snow is a good reminder that preparation…