Tag Archives: Deficit

Pension Deficits (and Surpluses) – where do you stand on #FABI ?


Rather than kick off with  the FAB index this month, I thought to promote the response it’s publication this morning has received. On the one hand there is Paul Lewis, who (for me) stands  for common sense and the ordinary person. … Continue reading

Posted in First Actuarial, pensions | Tagged , , , , , , , , | 3 Comments

With “good risk” , we can push the sky away.


    This from City AM’s Josh Mines The pension deficit of the UK’s 350 largest companies tumbled by a huge £16bn over the course of May, figures out today have shown. In just one month, the FTSE 350 pension … Continue reading

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Why the USS got itself into trouble ( Mike Otsuka).


Mike Otsuka’s extraordinary diligence in understanding the pension scheme he is a member of, is an example to us all. In this article he delves into the archives and uncovers some disturbing statements. They shed light on the current “unaffordability” of … Continue reading

Posted in pensions, USS | Tagged , , , , | 6 Comments

“Is CDC the viable alternative to DB?” Con Keating is on the case


  Con is on the Labour party’s pension policy group. I’m a Tory party member. We agree on this, we need innovation. In this article , Con explains how the principles behind CDC could enable some employers to carry on … Continue reading

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TPR- the price of pensions can fall as well as rise.


The Pensions Regulator appears to have forgotten one of the fundamental laws of gravity-  “what goes up, must come down”. In consumer finance this translates into “the value of investments can fall as well as rise” and in the case of the … Continue reading

Posted in Bankers, pensions | Tagged , , , , , | 10 Comments

First Actuarial- proud to work for you!


  I had a nice surprise over breakfast; whizzing through my emails I found that while I’ve gone on holiday, they’ve issued a FAB press release! 50:50 claim by PLSA is “dangerously misleading” says First Actuarial First Actuarial chastises the … Continue reading

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Is the University Superranuation Scheme suffering fantasy deficits?


First the big picture Universities aren’t going away, nor are the people who teach in them, administrate them and provide the infrastructure that keeps them going. Many of our universities have survived wars, plagues, great fires as well as many … Continue reading

Posted in accountants, actuaries, advice gap, pensions, Public sector pensions | Tagged , , , , | 14 Comments

FAB index continues to climb (and has some good news for Tata Steel!) #FABI


First Actuarial’s Best estimate (FAB) Index improved again in March showing a surplus of £294bn across the 6,000 UK defined benefit schemes. This continues to buck the trend with the PPF 7800 index falling for the third month in a … Continue reading

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Narrowing the range of thought…


I get back from a few days in the North East to this headline in Corporate Adviser First Actuarial versus the world: DB’s glass half full or half empty? (you can read the article on the link at the bottom) … Continue reading

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Plugging phoney deficits does no good!


We have become fixated with phoney pension deficits, now a British pension consultancy is suggesting we can plug phoney deficits with real money, the dividends that support “other people’s pensions. This is what we think of the phoney deficits. Our … Continue reading

Posted in accountants, actuaries, pensions | Tagged , , , , , | 4 Comments