Tag Archives: DB

Was the FCA complicit with DB transfer mis-selling?

Pension freedoms come in different guises. “Pension liberation” was a practice of pension busting that led to unauthorised payments being made to hapless victims of pension scams such as Fast Pensions, such practice is illegal and leads to heavy fines … Continue reading

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A DB funding code – but not as we knew it

  Professional Pensions has secured a scoop from TPR policy head, David Fairs admission that the DB funding code he launched in 2019 is practically dead in the water. Not being at the event, I am going on PP’s report … Continue reading

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Fair’s fair, will employers share their good news on DB with staff?

There’s more to this question than meets the eye. DB in run-off is likely to become less expensive to sponsors as inflation and interest rates increase. This should feed through to lower funding which might feed through into more equitable … Continue reading

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The OECD signal a change in the weather. So should we!

I published yesterday the OECD’s latest recommendations for the design of DC pension plans I was surprised that they were so radical, though looking back at their “Pensions at a glance” paper last year, perhaps I shouldn’t have been. The … Continue reading

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Explore the options for your DB scheme on December 13th.

Endgame, Middlegame or Long Game? I’m interested in the way defined benefit schemes are moving towards self-sufficiency, partly because we need to secure defined benefits for people who have earned a pension from their company and partly because we need  … Continue reading

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How Finance and Reward Directors can improve pension efficiency.

Many companies are paying pension costs which are avoidable.  By avoiding paying excess costs they could pay higher contributions to workplace pensions. This blogs calls for higher pension contributions and lower pension costs It is quite common for employers to … Continue reading

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We can’t risk hybrid DC schemes risk being left behind

  The case for including DB/ DC hybrids in value for member assessments. There are 5.5m savers with DC benefits within DB schemes and this number doesn’t include AVCs. Of these 1.2m are actively saving and most will be as … Continue reading

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ClearGlass’ offer to small DB schemes… use it now!

I am really pleased to see Clear Glass offering help to small DB schemes at a cost any scheme can afford! For a time , I worked with small DB schemes and recognize that every penny counts in meeting their … Continue reading

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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

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Ros Altmann’s defence of pension consultants (contested).

I wouldn’t say my “postbag was full” , but my recent blog on the damage inflicted by pension consultants on the UK pension framework has raised a few heckles on social media. Having worked in pension consultancies for nearly twenty … Continue reading

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