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Tag Archives: Con Keating
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
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
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
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
What’s the Long Term Asset Fund and will it work?
The ‘Long Term Asset Fund’ (LTAF) will be launched within the year to provide long term alternative and innovative investments. I’m quoting here from a paper send by my Swedish friend Per Andelius and written by the lawyers CMS The … Continue reading
Posted in pensions
Tagged AgeWage, auto enrolment, Con Keating, dc pensions, IA, Nessie, Treasury
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How CDC can invest.
I spent an hour yesterday morning puzzled by the PLSA’s position on retirement choice architecture . The PLSA seem to have given up on “DC pensions” and they appear to have fallen out with the Government. You can read about … Continue reading
It’s time we tested the value we get for the charges we pay
If I had read the PLSA’s response to the DWP’s proposals to flex the pension charge cap, this time last year, I would have applauded it. I told the Pensions Minister to his (virtual) face that I saw no demand … Continue reading
Posted in pensions
Tagged Con Keating, dc pensions, Hedge Funds, Mick Mcateer, Private Equity, Risk
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Con Keating on illiquids and performance fees.
A Response to the DWP Consultation on Illiquid Investments and Performance Fees Dr Con Keating Chair, EFFAS Bond Commission April 2021 It would not be surprising if the DWP were swamped by responses to this consultation from the … Continue reading
Will technology save lifestyle?
No sooner have I published a blog announcing that AgeWage is embarking on research on how lifestyle has actually done, than I read a post in Professional Pensions from Julius Pursaill explaining how a master trust he advises is going … Continue reading
Posted in pensions
Tagged AgeWage, Business, CDC, Con Keating, corporate governance, corporate risk, dc pensions, de-risking, Employment, Julius Pursaill, pension, SatNav
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“Real return, real return – wherefore art thou real return” – Con’s cri de couer
Con Keating’s cri de couer demands an answer. Shakespeare scholars will recognize that Juliet was not asking “where Romeo” as much as “why Romeo”. This article asks where inflation beating returns can be secured and leaves us answering the question … Continue reading
