Tag Archives: DB pensions

The trouble with conformity – USS latest

Posted on June 28, 2019 by

  The dissenting voice has long been upheld in British Universities. Minority opinions are valued as an antidote to received wisdom which all too often degenerates into herd-like conformity. So I worry when I read the justification that the USS … Continue reading →

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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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First Actuarial on CDC (submission to W&P Select).

Posted on January 21, 2018 by

First Actuarial is a partnership of consulting actuaries and administrators that offers the full range of pension services to both trustees and employers. Our clients’ pension schemes range in size from £0.5 million to nearly £2 billion in assets. However, … Continue reading →

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“NO!” to the PLSA’s self-serving proposals

Posted on September 28, 2017 by

I write as Henry Tapper , not First Actuarial, First Actuarial is a member of the PLSA and will have its own response to its DB’s Taskforce’s Opportunities for Change. A timely response now can lead to a more considered response … Continue reading →

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

Clarification needed on CETV volumes.

Posted on July 23, 2017 by

  The FT published a number yesterday – £100 million. It is the amount that pensions  administrator JLT are paying out in transfer values every month. It looks a large number. Mischievously I suggested that might be revenue to JLT rather than the … Continue reading →

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If you don’t know who’s paying, it’s probably you.

Posted on May 22, 2017 by

  The last few days have seen a reality check on who’s paying for the long term care of our elderly. Now I read this morning a report by the Resolution Foundation on who’s  paying for the deficit reduction plans … Continue reading →

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Credit where credit is due – how those outside of work get a pension

Posted on September 23, 2015 by

This blog’s mainly about public service information. But it’s also about influence and how people get it. It was sparked by my reading some stuff on twitter about why we should all be checking our entitlement to the new state pension and … Continue reading →

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Ros Altmann to be the over 50s

Posted on July 13, 2014 by

  News from the Sunday Times via @paullewismoney  reports that Ros Altmann is to be our (eg those over 50) new work tsar. This I take to be good news. Ros Altmann to be named Government's champion for older workers … Continue reading →

Posted in auto-enrolment, Blogging, club pension, pension playpen, pensions, welfare | Tagged , , , , , , | Leave a comment

The great pensions rotation

Posted on July 2, 2014 by

“Everything dies honey that’s a fact, and everything that dies some day comes back” – Bruce Springsteen DB died the day they guaranteed indexation. DA will be born the day they take that guarantee away. Ring out the old, ring … Continue reading →

Posted in dc pensions, de-risking, defined ambition, defined aspiration, FSA, pension playpen, pensions, Pensions Regulator | Tagged , , , , , , , , , , , , | Leave a comment

Establishing the infrastructure to help “small” DB plans regain solvency.

Posted on April 22, 2010 by

Small schemes are missing a trick by not using their collective clout Continue reading →

Posted in Liability Driven Investment, pensions | Tagged , , , | Leave a comment