Tag Archives: Deficit

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

Posted on June 17, 2018 by

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.

Posted on June 4, 2018 by

    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 →

Posted in actuaries, pensions | Tagged , , , , , , , | 1 Comment

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

Posted on May 6, 2018 by

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

Posted on October 27, 2017 by

  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 →

Posted in CDC, pensions | Tagged , , , , , | 2 Comments

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

Posted on October 12, 2017 by

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!

Posted on September 30, 2017 by

  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 , , , , , | 3 Comments

Is the University Superranuation Scheme suffering fantasy deficits?

Posted on July 31, 2017 by

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

Posted on April 24, 2017 by

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…

Posted on February 11, 2017 by

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 →

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

Plugging phoney deficits does no good!

Posted on January 14, 2017 by

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