Tag Archives: Deficit
We shouldn’t have deficits , we shouldn’t have surpluses – we won’t with CDC!
The headline run by the FT out of the maligned OBR’s report on pension is that only £2.2bn of the £160bn surplus capital in UK DB pensions is going to be drawn down by companies from the occupational pensions they … Continue reading
Coming to terms with fiscal and trade deficits – Andrew Smithers
Coming to Terms with Fiscal and Trade Deficits has recently published by American Affairs, and is summarised below by author and economist Andrew Smithers You can read the American Affairs Journal article here. Your own copy can be downloaded as … Continue reading
Posted in pensions
Tagged Andrew Smithers, Deficit, fiscal deficit, fiscal surplus, Rade, trade surplus
Leave a comment
Muted response to what? The silent majority cannot be bothered.
Muted response from employers to Lord Mayor’s ‘value pledge’ AgeWage and Pension PlayPen are pleased to put a sticky note at the bottom of the big board that the Lord Mayor showed at the sexy Merchant Taylor’s Hall. Just saying … 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
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