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Tag Archives: DB
LCP – doh ray me!
We were having a sing song yesterday afternoon and it got “pensionlitical”. Doh! – it’s dear – DB is dear Ray – I read it in the Sun Me – DC! I’m by myself Fah – how long will drawdown … Continue reading
Posted in pensions
Tagged buy-out, DB, Diversity, Insurance, LCP, Pensions, Stuart McDonald
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CETV madness
I wrote yesterday about confusion about what a defined benefit promise is today. This surrounds the concept of the “DB pot”, a concept that is utter fiction. There is no DB pot. A defined benefit scheme, whether final salary, … Continue reading
DC pensions should invest for a brighter future and ditch de-risking.
DB and DC are not the same. We have destroyed the corporate DB sector by applying the wrong rules , we are now applying the strategies that ruined DB to our DC workplace pensions. We must stop insuring and start … Continue reading
Fairer pensions for the private sector?
One of the Minister for Pensions personal desiderata is to narrow the gap between DB and DC savers. The graph, taken from the DWP’s recent Analysis of Future Pension Income.shows DC savers increasing while those with DB rights are … Continue reading
The PPF report a £400bn fall in DB assets in 2022
The PPF’s estimate suggests that 23% of the asset base of Britain’s £1.8 trillion pound funded DB pensions has evaporated during 2022. This is equivalent to 23% of the assets. What goes down, will come back up but … Continue reading
Neil Bull from TPR on the DB Funding Code – unmissable PlayPen event
Posted in pensions
Tagged DB, DB Funding Code, Funding Code, Neil Bull, Pensions, TPR
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Failing to manage pension risks is a failure in our consumer duty
This blog is about the communication of “risk” by pension experts to ordinary people and it follows from comments I’ve made over the weekend on the lack of communication of risks within DC schemes, especially schemes that “de-risk” their … Continue reading
Pensions are the poorer for Putin and Truss
“From February’s Russian invasion of Ukraine to the gilt market meltdown in October, 2022 pension schemes find themselves in a much healthier position than at the start of the year”. So here’s to economic incompetence and state sponsored terror https://t.co/qtQTHDerbI … Continue reading
“Destination DC?” – don’t rely on Wombat airlines
I’ve enjoyed this blog a long time but never found the right occasion to publish it. This being the first business day of 2023, I’m re- publishing it now (the original is on the website of the Australian Actuary). Pensions … Continue reading
Capturing the prize – or why you shouldn’t bet money you don’t have!
Was the football side that beat Iran 6-2 an average team that played well or was the that drew with the USA a good team that played poorly? Our view of the England’s performance in the world cup … Continue reading