Tag Archives: CDC

Pressure mounts on pensions for a CDC alternative.

“The CDC alternative must now be introduced, because the status quo is so unsatisfactory.” Martin Wolf , writing in the FT In another important article , published today, Martin Wolf points out what we close to pensions cannot see, that … Continue reading

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CDC and Statutory Risk Management

The new regulations which enable CDC schemes require an annual viability statement to be prepared. Of necessity, it must be a forward-looking document, and that means that it will in part be reliant on the actuary’s/trustees’ estimates of the future … Continue reading

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On risk management in CDC schemes

This is a blog in two parts. The first section covers the design of risk-sharing rules which maintain intergenerational fairness among CDC scheme members. The second part marries those rules with the statutory annual viability valuation. It is self-evident that … Continue reading

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CDC need not be unfair to any generation – Con Keating

This blog was written before the draft CDC regulations were published. It was conceived as the first in a series of blogs examining different aspects of CDC design. It is basically unaffected by the new regulation. The second will address … Continue reading

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CDC is upon us – the return of the “in-house” pension is near

  I started writing about the need for a new kind of pension soon after the financial crash in 2008. With Quantitative Easing driving down interest rates, down came annuity rates too. Although annuities were improving in value with the … Continue reading

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CDC – the DWP seem to have got the message.

The consultation on the regulation of CDC schemes begins today and ends on August 30th,  it is a summer holiday job and timed to get a little attention as possible. As a statement of intent, Guy Opperman’s foreword is different … Continue reading

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What is consolidation doing to DC contribution rates? WTW’s surprising results!

FTSE 350 Defined Contribution Pension Survey 2020 https://t.co/iD5kcNLMfR via @WTW_uk — Henry Tapper (@henryhtapper) July 13, 2021 The collapse in confidence among small pension schemes gathers pace as Corporate Adviser reports. Two-thirds of employers who currently run their own trust-based … Continue reading

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The fight for fungible pensions continues!

“The tragedy of British pension arrangements is that the attempt to force safety on private arrangements is forcing them into collapse. Worse, it has allowed the older generation of pensioners to extract all the risk-bearing capacity of private sponsors for … Continue reading

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CDC takes a big step forward

  The Minister tweets w0ke us up this morning Guy Opperman this morning announced on twitter the timeline for the development of CDC as a viable third way for British workplace pensions. The thread of tweets was posted prior to … Continue reading

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Con Keating explains why John Ralfe is wrong on CDC

  This is a commentary on an article which appeared in FT Alphaville, which was sent to me by a friend in Bermuda. It is a description by John Ralfe of a lecture given by him. The lecture was hosted … Continue reading

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