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Meta
Tag Archives: defined benefit
Will DB schemes scrambling for cash – cause further carnage?
I spoke to one CEO of a large DB pension scheme yesterday evening who had spent the day arranging to liquidate a large proportion of the scheme assets to pay the margin calls on its LDI portfolio. The amounts of … Continue reading
‘Comply or explain’ becomes ‘comply or else’ – Keating and Clacher on DWP funding regs. (4)
This is the fourth in our series of blogs addressing the questions posed in the DWP’s Funding Regulations consultation. Links to previous blogs may be found at the end of this blog. We follow the same conventions as in … Continue reading
Posted in pensions
Tagged Clacher, DB, DB defined benefit, defined benefit, DWP, fudning, Keating, Pensions
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“The theoretical and analytical basis for the DWP’s funding regulations are not fit for purpose”.
This is the third in our series of blogs addressing the questions posed in the DWP’s Funding Regulations consultation. The previous blogs may be seen firstly here and secondly here. We follow the same conventions as in previous blogs. Industry … Continue reading
Posted in pensions
Tagged Actuarial, Analysis, code, defined benefit, DWP, Funding, Investment, Theory
1 Comment
Investing to secure defined outcomes
This is Stuart Fowler‘s first post on this blog. I am very pleased he is sharing this essay which focuses on the difficult challenge of investing for a pension. When I met the Chairman of the FCA I asked him if … Continue reading
Posted in actuaries, advice gap, age wage
Tagged DB transfers, defined benefit, Drawdown, FCA, mortgage endowment, pension, Stuart Fowler
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BONFIRE. Keating and Clacher conclude their articles on the DB funding code
We began this series of blogs and articles with a call for a bonfire of regulation; at the very least we should start with this proposed Funding Code. Continue reading
Posted in actuaries, advice gap, pensions
Tagged Con Keating, DB, defined benefit, Iain Clacher, music, pensions, TPR
2 Comments
A practical illustration of Contractual Accrual Rates – Clacher and Keating
In this article Con Keating and Iain Clacher explain an alternative to the current way we require DB schemes to be funded. It challenges received thinking and offers a way forward to regulators struggling to find an acceptable funding … Continue reading
Posted in de-risking, pensions
Tagged Accrual, Car, Con Keating, Conractual accrual rate, defined benefit, Iain Clacher, liability, pensions
11 Comments
The other way to value DB schemes- Clacher and Keating.
DB scheme value Valuation – the long way round Our blog (May 28th) calling for a bonfire of pension regulation led to a surprising amount of interest and a wide range of questions and even some requests for expansion … Continue reading
Posted in accountants, actuaries, advice gap, de-risking, pensions
Tagged Car, Con Keating, Contractual accrual rate, DB, defined benefit, Iain Clacher, valuation
5 Comments
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
Con Keating on the Rules of Evidence and The Defined Benefit White Paper.
This post is from Con Keating and first appeared in Portfolio Institutional Alongside its new DB white paper (Protecting Defined Benefit Pension Schemes) the Department of Work and Pensions published a summary of the responses to the earlier DB Green … Continue reading
Posted in club pension, pensions
Tagged Con Keating, DB, defined benefit, Frank Field, pensions
1 Comment
IFAs and the defined benefit promise
This article explores the relationship between IFAs and defined” benefit schemes, one that has historically been uneasy. It argues that the polarisation of opinion between IFAs who see pensions as “pots” of wealth, and those who regard them as a … Continue reading