Tag Archives: CDC

University pensions! – Stay collective! Stay open!


Another good day for pensions! Yesterday was a good day for the collective pension scheme in Britain. I had breakfast at Cicero’s offices in the Old Bailey (not the courts). I was able to hear our Pensions Regulator talk openly about … Continue reading

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CDC – with-profits in disguise?


Michael Johnson, who I’ve a lot of time for, has asked me two questions. Why is it not possible to provide the attributes of a CDC scheme through a With Profits fund, set in the context of an occupational scheme … Continue reading

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Johnson misses the point; CDC is for the common man


  I don’t know whether Michael Johnson is being obtuse or obstructive, but either way, his letter to the Financial Times, misses the point.    A small cabal of consultants to the pensions industry has been banging the collective defined … Continue reading

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For you, my friend, drawdown is over- the chimera of freedom


This article is about collective pensions, it’s not technical, anyone can read it and – I hope- enjoy it. I wrote it after discussing pensions with my landlady at my Munich hotel. My friend Abraham has it in a nutshell. … Continue reading

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Did the 2018 IGC reports meet today’s challenges? Only in part.


    The table above reports on the various ratings given to IGC reports in 2018, it includes the GAA report of St James Place that is good enough to be an IGC report. I said, when I set out … Continue reading

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Why CDC risk management breaks all the DB rules – Con Keating


The advent of CDC will offer an opportunity to introduce forms and techniques for risk management which are intrinsically more efficient than those currently advocated by the Pension Regulator and which are consistent with the true duties and obligations of … Continue reading

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Con Keating’s report of David Blake’s CDC workshop


This is a personal and idiosyncratic commentary on the Pensions Institute/Netspar workshop for the exchange of experiences and views of DC plans in the UK and Netherlands. While there was little which was entirely new to me, there was much … Continue reading

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Investment aspects of CDC – Con Keating


One of the less discussed aspects of CDC is the management of the investment fund. This differs from traditional DC where the asset management objective is to maximise asset values at all times. It is intrinsically short-term. Incidentally this conflicts … Continue reading

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Frank Field helps us spend our pensions


  Here is the main recommendation of Frank Field and  the Workplace Pension Select Committee’sfinal report of its inquiry into Pension freedom and choice published today. We recommend every pension provider offering drawdown is required, by April 2019, to offer a default … Continue reading

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What I’ll be looking for from the 2018 IGC chair statements


    2018 and all that It’s IGC reporting season again and I’ll be looking to have answers to four questions this year. So here are my questions (more hope than expectation). If you’re making a value for money, what … Continue reading

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