Tag Archives: Con Keating
Holding to Account: Analysis and Resolution of a Crisis . (Keating and Clacher)
This post was written before the second intervention of the Bank of England to shore up pension schemes and the financial system on Monday 10th October. Con Keating will be speaking today (Tuesday 11th) at a Pension PlayPen coffee morning … Continue reading
Posted in pensions
Tagged borrowing, Con Keating, Hedge Funds, Hedging, Iain Clacher, LDI, TPR
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TPR’s role in the current crisis; Keating and Clacher
Dawid Konotey- Ahulu , one of the architects of LDI comments in today’s FT about last week’s events “UK defined-benefit plans existed in a state of uncertainty . . . [they] simply didn’t know whether they had sufficient assets to pay the pensions … Continue reading
DWP funding regs. suffer from “recency-bias” – Keating and Clacher
This is the fifth in our series of blogs addressing the questions posed in the DWP’s Funding Regulations consultation. Links to the previous blogs are provided at the end of this blog. We follow the same conventions as in previous … Continue reading
Posted in pensions
Tagged Con Keating, DB Funding Code, Dr Iain Clacher, DWP, Funding Code, Recency
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Keating and Clacher explain the threat from the proposed DWP funding regulations
DB Funding Regulations The story so far The DB Funding Code is back on the agenda following the DWP’s draft funding regulations and comments in the FT from TPR Chair, Sarah Smart. The proposals have brought a number of criticisms … Continue reading
Posted in pensions
Tagged Con Keating, DB, DWP, Funding Code, Iain Clacher, Pensions, Sarah Smart, TPR
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Con Keating and Iain Clacher appalled by DWP’s proposed Funding Regulations
This is the first in a series of blogs covering our responses to the questions posed in the Funding Regulations consultation paper, which closes on October 17, 2022. As there are 25 questions and we wish to keep our blogs … Continue reading
Join Con and Iain to ask “what can possibly go wrong with LDI?”
Too many webinars are promoting products, too few are discussing a product’s achieved delivery. Dr Iain Clacher and Con Keating use data to analyse the real impact of the LDI strategy on the funding position of pensions and come up … Continue reading
LDI – open to legal challenge? Keating and Clacher ask awkward questions.
The authors of this blog are Iain Clacher & Con Keating The purpose of a UK defined benefit tax approved pension scheme trust will be set out expressly in the terms of the trust deed (or can be deduced … Continue reading
Posted in pensions
Tagged borrowing, challenge, Con Keating, Dr Iain Clacher, gearing, LDI, leverage, Pensions
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How can CDC Decumulation provide inflation protection? – Con Keating
This blog from Con Keating is technical and designed to help the DWP ,tPR and others , when thinking about how to encourage inflation protection in the pathways on offer to savers in retirement. Member options for retirement income Introduction … Continue reading
Posted in pensions
Tagged AgeWage, Business, CDC, Con Keating, dc pensions, DWP, investment pathways, Pensions
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Keating and Clacher debunk LDI
Risk and DB Pension Scheme Funding Iain Clacher & Con Keating If only that Dilbert cartoon had been published fifteen or twenty years ago, we might have seen very different outcomes from the rise of ‘de-risking’ strategies, liability driven investment … Continue reading
Posted in pensions
Tagged Con Keating, DB funding, de-risking, Dilbert, Dr Iain Clacher, LDI
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CDC investment – a “B-movie caricature” – Con Keating
Blog 3 from Con Keating on the Proposed CDC Code The CDC Code of practice has much to say about investment; much of which is far more intrusive than single lines requiring that assets held as part of reserves be … Continue reading