Tag Archives: Con Keating

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

Posted in CDC, pensions | Tagged , , , , , | 1 Comment

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

Posted in CDC, pensions | Tagged , , , , | 1 Comment

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

Posted in CDC, pensions | Tagged , , , | Leave a comment

Con Keating on the Rules of Evidence and The Defined Benefit White Paper.


This post is from Con Keating and first appeared in Portfolio Institutional Alongside its new DB white paper (Protecting Defined Benefit Pension Schemes) the Department of Work and Pensions published a summary of the responses to the earlier DB Green … Continue reading

Posted in club pension, pensions | Tagged , , , , | 1 Comment

Smoke, mirrors and bogus objections; an acerbic blog from Con Keating


For their own reasons, usually venal, objectors to the implementation of collective defined contribution have managed to surround the concept with a fog of obfuscation and confusion. This has only been possible because of one of the great strengths of … Continue reading

Posted in pensions | Tagged , , , , , | 3 Comments

“The Ship has sailed” – Con Keating on the Society of Pension Professionals CDC submission


On Saturday, on Radio 4’s Money Box programme, Hugh Nolan of the Society of Pension Professionals expressed the view that the “ship had sailed” for CDC pensions, and proceeded into the tired and repetitive narrative that it is too late … Continue reading

Posted in CDC, pensions | Tagged , , , , , , | 6 Comments

“CDC’s about improving DC” – Con Keating


This essay compliments my blog this morning.  Con Keating is the author of this blog – our thinking is coincidental, though our manner of expressing it – is not!   In all of the discussions of the minutiae of the … Continue reading

Posted in CDC, pensions | Tagged , , , , | Leave a comment

“No need for CDC to ape the Dutch” – quips Con Keating.


This is a review of: The Legal Differences between CIDC and CDC by Prof. dr. Hans van Meerten and Elmar Schmidt, February 2018. It takes the form of a line by line commentary (in red) on the verbatim text of … Continue reading

Posted in CDC, pensions | Tagged , , , | 3 Comments

When should pensions be cut in a CDC arrangement? – Con Keating


Or equivalently: how much risk to members’ pensions is there in mutually offered funded pension? The setting is the DB type pension (Cdb) of some fixed proportion of, say, final salary. Typically, for mature schemes these represent amounts which are … Continue reading

Posted in CDC, pensions | Tagged , , | 3 Comments

That’s what Friends (of CDC) are for!


  It is not pleasant to open your phone to find 25 messages directed towards you and your colleagues trolling your work. So thanks to Alan Higham for what I hope is a message if not of support, at least … Continue reading

Posted in pensions | Tagged , , , , , | 1 Comment