Tag Archives: defined benefit

Will DB schemes scrambling for cash – cause further carnage?

Posted on September 27, 2022 by henry tapper

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 →

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‘Comply or explain’ becomes ‘comply or else’ – Keating and Clacher on DWP funding regs. (4)

Posted on September 6, 2022 by henry tapper

  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 →

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“The theoretical and analytical basis for the DWP’s funding regulations are not fit for purpose”.

Posted on September 1, 2022 by henry tapper

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 →

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Investing to secure defined outcomes

Posted on September 14, 2020 by henry tapper

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 →

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BONFIRE. Keating and Clacher conclude their articles on the DB funding code

Posted on September 1, 2020 by henry tapper

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 →

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A practical illustration of Contractual Accrual Rates – Clacher and Keating

Posted on August 6, 2020 by henry tapper

  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 , , , , , , , | 11 Comments

The other way to value DB schemes- Clacher and Keating.

Posted on June 3, 2020 by henry tapper

  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 , , , , , , | 5 Comments

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

Posted on June 17, 2018 by henry tapper

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 →

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Con Keating on the Rules of Evidence and The Defined Benefit White Paper.

Posted on April 14, 2018 by henry tapper

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 , , , , | 1 Comment

IFAs and the defined benefit promise

Posted on March 21, 2018 by henry tapper

  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 →

Posted in advice gap, pensions | Tagged , , , | 6 Comments