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Tag Archives: Deficit
Why pensions need a shift from a deficit to a surplus mindset.
This blog is written as a tribute to Stefan Zaitschenko whose positive mindset has meant that his fellow pensioners have been awarded a bonus of £57m. Stefan thinks positively about pensions and is an example to us all. From deficit … Continue reading
Sam Marsh tweets about the (non-existent) 2021 USS valuation
Sometimes twitter throws up a thread that draws you from tweet to tweet in a way that a long blog can’t. This thread from Sam Marsh is an example. It is an exercise in controlled fury at the ineptitude of … Continue reading
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 CDC, DB, Deficit, defined benefit, FABI, John Ralfe, Paul Lewis, pensions, Surplus
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
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
“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
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
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
Posted in actuaries, pensions
Tagged Deficit, FABI, first actuarial, Infrastructure, pensions, PLSA
3 Comments
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 Deficit, Fees, John Ralfe, pensions, USS
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
Posted in pensions
Tagged British Steel, Deficit, Fab Index, FABI, first actuarial, tata
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