Tag Archives: DB

Why we are all regulators


A regulator is generally a device that maintains a designated characteristic in a system. In a financial sense, it ensures that the rules that govern our dealings are understood, maintained and enforced. We have regulation because we value a system … Continue reading

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More FAKE NEWS on pension deficits #FABI


The Government’s just published its green paper ‘Security and Sustainability in Defined Benefit Pension Schemes’. It’s already generated knee-jerk headlines claiming 11m employees could see their pensions cut. The green paper refers to “under-funded schemes” and “stressed employers”, but can’t … Continue reading

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Elements of Truth – and Complete Misunderstandings (Con Keating and the DB Green Paper).


    This is an era of fake news, half-truths and outright lies. Spin and distortion have become the fabric of a false DB pension narrative; their unjustified ruination. Some “fact checking” is appropriate. We hear again and again that … Continue reading

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Myopia and the alternative fact


Not all prejudice is ill-intentioned, I know the author of this comment on a recent blog. He is not ill-intentioned – just short-sighted. There is no one interested to have defined benefit pensions in the UK. They are seem as … Continue reading

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Diversity, Narratives* and Pensions (Con Keating)


This blog first appeared in Professional Pensions, if you’ve read it before, read it again. “What we observe is not nature itself, but nature exposed to our method of questioning.”    W. Heisenberg, Physics and Philosophy: The Revolution in Modern … Continue reading

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“Famine or feast pensions”- demand advice is better spread.


Where you work not how you work determines your pension prospects. If you choose to work for a blue chip company or for the Government you can expect at worst a high contribution to a workplace pension and at best a … Continue reading

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Let’s put an end to pension transfer privilege.


“Sexy cash” legitimised? A few years ago , Sir Steve Webb, then our pension minister, stood in front of the PLSA and berated Boots and its pension scheme for tempting members out of the pension scheme with cash incentives. He … Continue reading

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Pensions -a benefit – or a threat?


This is a record of a conversation had between me and my colleagues Hilary Salt, Rob Hammond and Derek Benstead, there were other parties to the conversation , I won’t name them, but they were interested and interesting. Essay question … Continue reading

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How do we manage the baby-boomers “huge” pensions?


The idea that £1m is a cap on huge pensions , beyond which we pay penal tax rates, is ludicrous. In answer to a question on this blog, I did some simple sums. Here first is the answer Nicholas, a … Continue reading

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Why some transfer values are (ridiculously) high.


A cash equivalent transfer value (CETV) is a right of anyone in a defined benefit pension scheme. The following explanation is taken from the Pensions Regulator’s website. A CETV represents the expected cost of providing the member’s benefits within the … Continue reading

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