Tag Archives: DB pensions

So what’s this “tough new regulatory environment” for DB pensions?

Posted on November 9, 2019 by

  Next week I’m on holiday – but I’m not – because I’m doing loads of meetings and moderating a session at the DG DB pensions conference. What you have to do when you moderate these things is get all … Continue reading →

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Why do DB transfer values make me sick?

Posted on August 29, 2019 by

One of the things ordinary people find hardest to work out is why their share of a defined benefit scheme can go up when stock markets go down. This happened last month where the stock market fell. But in August, … Continue reading →

Posted in actuaries, advice gap, BSPS, FCA, pensions | Tagged , , , , , , , | 8 Comments

Convince or collapse – the options for small DB schemes in the next decade.

Posted on August 13, 2019 by

    We stand on the cusp of the third decade of the 21st century. That decade is likely to see small DB schemes collapse into consolidators or stand firm with renewed conviction. I wonder if I will still be … Continue reading →

Posted in CDC, dc pensions, de-risking, defined ambition, defined aspiration, pensions | Tagged , , , , , | 2 Comments

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 →

Posted in pensions, USS | Tagged , , , , , | 1 Comment

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 →

Posted in pensions | Tagged , , , , , , , | 2 Comments