Tag Archives: DB pensions
Treasury discusses planning to take on Britain’s enfeebled DB plans
The following article is extraordinary. Until a few weeks ago, the Government’s Pensions Regulator was urging small and underperforming pension schemes to demand employers pump money into them so they can buy risk-free assets in a process known as “de-risking”. … Continue reading
Benefits will be restored at USS but will common sense?
UCU members in their tens of thousands have voted overwhelmingly to move forward with pension proposals agreed with employers which will pave the way for the restoration of benefits. When we launched our pensions dispute, university vice chancellors doubted us, … Continue reading
Posted in pensions
Tagged Common sense, Con Keating, DB pensions, Jo Grady, Pensions, trust, UCU, USS, UUK
3 Comments
An employer with a small DB scheme gives its evidence to the WPC
Founded 50 years ago, Dixon International Ltd is an award-winning innovator and manufacturer of specialised construction products. It was the first to develop aluminium and elastomeric draught seals for doors & windows in the early sixties. It was the first … Continue reading
Assessing the wreckage – a “helicopter view” of DB pensions
There have been two parallel stories running this week. The first is the story that the pensions industry wants told , a story about rising standards, impending dashboards and the acknowledgement that the majority reaching retirement in DC schemes need … Continue reading
Weaknesses in the DB purchasing model exposed
Chris Sier and Ritesh Singhania have published research conducted by Clear Glass that shows that UK DB pension plans waste billions on underperforming asset managers. The research, published in today’s FT, is concerning. Why are there such weak controls in … Continue reading
Posted in pensions
Tagged chris sier, Clearglass, DB pensions, dc pensions, workplace
Leave a comment
What is private sector pension indemnity insurance (and who’s asking)?
Occasionally I find myself as an intermediary for clever people who’d prefer to discuss matters in a public way while remaining anonymous. These people often send me direct messages on twitter whats app and Facebook Messenger and the discussion continues … Continue reading
Posted in pensions
Tagged Con Keating, DB pensions, indemnity insurance, inedemnity, Insurance, Pensions, Private sector, Socrates
2 Comments
Are our pension schemes the treasury’s piggy bank?
Yesterday I published a series of tweets from Jo Cumbo on the difficulties the Pensions Regulator would have balancing the interests of members and sponsors with the interests of Rishi Sunak in getting schemes to invest in the nation’s infrastructure. … Continue reading
Posted in advice gap, age wage, pensions
Tagged DB pensions, dc pensions, DWP, LTAF, Pensions, Rishi Sunak, TPR
6 Comments
TPR’s funding dilemma increases
In an article in FTfm this morning , Guillaume Prache, MD of Better Finance (a EU wide organisation representing savers) claims that EU Governments have deliberately chosen to sacrifice the financial security of pension savers in favour of artificial … Continue reading
The mess we’re in (pt.1) and how we got here.
Iain Clacher and Con Keating Since their heyday in the 1990s, UK occupational DB schemes have been winding up at a rate of about one every two days. Their replacement, DC schemes, are a poor substitute; they are tax-advantaged savings … Continue reading
Posted in accountants, actuaries, advice gap, pensions, trustee
Tagged Con Keating, DB, DB pensions, Iain Clacher, regulation, Roy Gopode, Sharon Bowles, TPR
1 Comment
Pensions need a bonfire of regulation – (Con Keating and Iain Clacher)
This essay is motivated both by the Pensions Regulator’s consultation on its proposed code of practice for scheme funding and by papers published in recent years by the Institute and Faculty of Actuaries, such as “Actuarial valuations to monitor defined … Continue reading
Posted in dc pensions, de-risking, pensions
Tagged Con Keating, DB pensions, Iain Clacher, professional pensions
13 Comments