Tag Archives: Deficit
The risk in “de risking”
Defined benefit pensions are delicate mechanisms designed for the purpose of providing pensions for generations of employees. Decisions taken in the last twenty years first to close DB schemes to new entrants, then to future accrual to current members and … Continue reading
Posted in accountants, advice gap, pensions
Tagged auto enrolment, DB, de-risking, Deficit, defined benefit, FABI, first actuarial, pensions, TPR
5 Comments
“It’s not what you’re saying, it’s what we’re hearing”. DB needs clearer messaging.
I hate falling out with old friends so I wasn’t happy when Raj Mody phoned me and told me that I’d pissed him off. Well he put it more mildly than that but when an actuary says he’s disappointed, you … Continue reading
Pension deficits down/up- last month/yesterday -WHATEVER!
PWC have published their monthly survey of the state of British pension funds. It shows that pension fund deficits have fallen markedly, not because lots of pensioners have died, or because the stock market went through the roof, but because … Continue reading
DB Deficits- the real story; the Pension Regulator blogs.
TPR have gone social and set up its own blog; this is blog #1 from Policy Head Andrew Warwick-Thompson. Well done to the tPR and well done to Andrew for this nugget of optimism about Britain’s DB plans. Looking at … Continue reading
Posted in pensions
Tagged Andrew Warwick-Thompson, Blog, Deficit, first actuarial, Media, ppf, TPR
1 Comment
Pensions Deficits: Mark-to-market valuation is the elephant in the room
Following on from yesterday’s blog from Hilary Salt, here are some interesting thoughts from Dennis Leech, Professor Emeritus of Economics, University of Warwick You can contact Dennis directly at d.leech@warwick.ac.uk The chief economist of the Bank of England, Andy Haldane, … Continue reading
Posted in actuaries, pensions
Tagged Actuary, Deficit, Dennis Leech, elephant, Mark to Market, pensions, Warwick University
4 Comments
“We’ve never had it that good”- what Tata Steel could do to pensions.
The world has woken up to the £486m deficit in the Tata (aka Corus, aka British Steel) Pension deficit and what John Ralfe estimates is a £2bn albatross around Tata’s neck (the predicted cost of walking away with the Government’s … Continue reading
Posted in pensions
Tagged DB, Deficit, defined benefit, Inequality, Intergenerational transfers, pension playpen, pensions, ppf, Tata steel
4 Comments
Care or hubris? – How Tesco got in such a pensions mess.
Every little helps? The right old mess that Tesco has found itself in , is blamed partially on its mishandling of its pension strategy. How can an organisation with the motto “every little counts” have such a large pension deficit? … Continue reading
Posted in Change
Tagged Aldi, art of pensions, atrophication, CDC, change, Deficit, Finest, Google, Leadership, lidl, Morrisons, NAPF, progress, Tesco
11 Comments