Tag Archives: DB funding
Parliament V TPR – pension funding rift grows
UK pension rules risk ‘finishing off’ remaining defined-benefit plans, MPs warn https://t.co/9M2lz6c2Ky via @ft — Josephine Cumbo (@JosephineCumbo) March 26, 2024 Early birds can catch the free link to Jo’s story here . If the link’s expired, mail henry@agewage.com – … Continue reading
Why buy equities? – Con Keating’s shortest blog
In his presentation to the Chartered Institute of Securities and Investment conference on Risk and Uncertainty, Jon Exley made the case, eloquently and at length, for using bonds to match pension liabilities. This argument is rooted in the “Law of … Continue reading
Inconvenient truths – Clacher and Keating
On Thursday 21st September, the ONS released the results of the latest results of the Financial Survey of Pension Schemes, which reports on occupational pension schemes to the end of March 2023.[1] From this, it is evident that the rebalancing … Continue reading
Why charitable DB schemes shouldn’t rush to buy-out.
Stephanie Hawthorne has written another well researched and thoughtful article on defined benefit schemes funded by charities for their staff. These schemes are different from corporate DB schemes in a number of ways. 40% of them are open to … Continue reading
Rejoicing in Hackney as Zola the dog is found
Zola, the Pension Minister’s hound was lost in Haggersden. But Zola has been found. We will forgive “late comms” on DB funding , there is more rejoicing in the Borough of Hackney over one dog that is found…well done … Continue reading
Charles Counsell hands on the poisoned chalice
It’s been a year since TPR appointed Sarah Smart as Chair and her anniversary is marked by news that Charles Counsell will not be seeking a second four year term as CEO. Sarah Smart brought youth and feminity to a … Continue reading
Posted in pensions
Tagged auto enrolment, CDC, Charles Counsell, DB funding, decumulation, Sarah Smart, TPR
3 Comments
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
8 Comments
Philip Bennett’s DB funding code response
Given that the future is unknowable (and particularly over very long time horizons), it is poor regulation to encourage all DB Schemes to adopt similar investment strategies (herding). Continue reading
Posted in advice gap, age wage, pensions, Pensions Regulator
Tagged Consultation, DB funding, Pensions, Philip Bennett, TPR
4 Comments
All plans off for DB funding proposals
I’m sorry to have missed the FT’s DB funding debate, it sounds like a lively affair! Mercer, the professional services firm, last week estimated the aggregate accounting deficit for DB schemes for the UK’s 350 largest listed companies was £52bn … Continue reading
Posted in actuaries, advice gap, Blogging, dc pensions, de-risking, defined ambition, DWP, pensions
Tagged DB, DB funding, DB pensins, DWP, ft, John Ralfe, SteveWebb, TPR
1 Comment