Tag Archives: Con Keating

A Tale of Two Pension Plans : Randy Bauslaugh

Posted on October 4, 2019 by

  This blog is based on remarks to the National Coordinating Committee for Multi-employer Plans, Miami, Florida, September 21, 2019.(Edited for Length.)  I have the original transcript , supplied by Dr Con Keating and published by C.D. Howe Institute’s Pension … Continue reading →

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Con Keating questions the value of “limited liability”.

Posted on May 29, 2019 by

It’s been a while since this blog has featured Con’s incisive thinking. This article calls into question the capacity of shareholders to have their returns and have someone eat the risk. There’s a lot of easy talk about the “governance” … Continue reading →

Posted in Fiduciary Management, governance, pensions | Tagged , , , | 4 Comments

Keating on Ralfe, CDC and morality

Posted on October 14, 2018 by

Last week’s Corporate Advisor’s Pensions Summit featured a debate on the merits of CDC pensions. Johan Ralfe presented the “case” against the introduction of CDC. In the main, with all the showmanship of Barnum and Bailey, this resurrected old and … Continue reading →

Posted in CDC, pensions | Tagged , , , | 4 Comments

Discount Rates and DB Pension Scheme Valuation: A history lesson from Con Keating

Posted on September 27, 2018 by

The question most frequently asked – “what discount rate should be used for valuing the liabilities of pension schemes?” – is problematic. Surprisingly, academics and practitioners have spilled gallons of ink, and exchanged more than a few uncivil words debating … Continue reading →

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A common solution to the “retirement savings challenge”.

Posted on August 27, 2018 by

  I recently published Con Keating’s thoughts on why the “at retirement” decision is to complex. It is indeed the nastiest, hardest problem in finance. The blog prompted my old friend Sandy Trust to point us to the paper he … Continue reading →

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“The nastiest hardest problem…” Con Keating on pension drawdown

Posted on August 26, 2018 by

Con Keating is currently in hospital with a poorly foot. He is a caged tiger on the ward, but the surfeit of energy has been dispelled by his putting his mind to what Bill Sharpe called the nastiest hardest problem in … Continue reading →

Posted in annuity, pensions | Tagged , , , | 4 Comments

Here be dragons – Z59; Con Keating

Posted on June 30, 2018 by

Many of the opponents of CDC pensions have argued that, if introduced, they should be tightly regulated, as they are “untried and untested”. Some have even suggested that the Dutch system of regulation, with its stochastic models, risk buffers and … Continue reading →

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Nuts and bolts of CDC

Posted on June 19, 2018 by

My twitter account is currently heavy with reproach from  John Ralfe and his followers who are demanding I deliver documents, statements and reveal confidential information about collective pension schemes; (I am also under fire for quoting Hamlet). To some this would be harassment, … Continue reading →

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“Why Michael Johnson’s so wrong!” – Con Keating

Posted on June 5, 2018 by

Michael Johnson’s letter to Frank Field & Co on CDC (reproduced in full here) was a real disappointment. I had expected more; a new and closely reasoned critique, passionately believed, perhaps. What I got was a tired and repetitive rehearsal … Continue reading →

Posted in annuity, blockchain, CDC, defined ambition, defined aspiration, pensions | Tagged , , , , , | 2 Comments

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

Posted on May 1, 2018 by

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