Tag Archives: defined benefit
DB pensioners – ask for more – now!
These young people are losing their jobs and making it clear they are aggrieved – on Tik-Tok. Older people don’t find it easy to get their voices heard when they are losing out. In this blog William McGrath argues that … Continue reading
Pension Superfunds are more than the “poor man’s buy-out”
The Government has radically changed its position on pension superfunds, at last giving feedback on its 2018 consultation and making clear that pension superfunds are helpful to pension consolidation and support the wider aims of the Treasury. The response to … Continue reading
Posted in pensions
Tagged ABI, buy-out, consolidation, defined benefit, Pension Superfund, Pensions
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Little to celebrate in this “aggregate surplus of UK DB schemes.
Numbers …numbers There are new numbers from the PPF. DC savers with mortgages should be scratching their heads that those with DB pensions are seeing their pensions become more secure because of high interest rates. The aggregate surplus of UK … Continue reading
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
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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
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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
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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