Tag Archives: Con Keating
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
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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
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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
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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
Con Keating on Performance Fees and Illiquid Investments
This blog was written in response to Henry Tapper’s blog of Monday 21st March in which he raised the question: “I don’t understand why illiquids have to use performance fees.” As it happens, I had just written an opinion piece … Continue reading
The cost of prudence – a cautionary tale from the pen of Con Keating
The problem with adding ‘prudence’ to a discount rate is that it does nothing for the uncertainty of the ultimate benefits, but it raises costs in the meantime in a manner which simply cannot be justified. In the case we … Continue reading
A major contribution to the practice of funding pensions
Despite most of us saving into defined contribution retirement plans which provide no pension and rely entirely on investments and contributions for their outcomes, the defined benefit plan remains the source of most retirement income for the UK. Most defined … Continue reading
USS’ view of investment returns is anything but prudent – Keating
Once is chance, twice bad luck, but three times – “Enemy Action” USS has been at it again. On March 1 2021, they published a paper entitled: “The difference between our expected investment returns and our prudent assumptions”. The paper … Continue reading