Tag Archives: defined benefit

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 →

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

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

Defining the benefit of CDC – Con Keating on “CDB”.

Posted on November 29, 2017 by henry tapper

The pension experts have great fun rubbishing Frank Field’s inquiry into CDC. Here’s why Frank says he’s doing it. “What the select committee is aiming for is to retain some of the best features of company schemes in a different age when employers … Continue reading →

Posted in pensions | Tagged , , , , , , | 5 Comments

A brave and timely response to UUK’s proposals

Posted on November 18, 2017 by henry tapper

  I was wondering how to react to news that the UUK (the employers of university staff) is proposing to axe future Defined Benefit accrual into the USS. Anger or sorrow seemed the two main candidates as I flew back last night. I was … Continue reading →

Posted in advice gap, pensions, Trades Union Congress | Tagged , , , , , , | 7 Comments

So you want to pay your own pension costs- do you?

Posted on September 25, 2017 by henry tapper

A new twist to the Pension Transfer Debate has been introduced by Willis Towers Watson (WTW) at a seminar last Tuesday at their London offices. At the event, consultants reported a ripple effect caused by the surge in members transferring out. WTW … Continue reading →

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

Sexy cash in a vibrant market? You ain’t seen nothing yet!

Posted on September 12, 2017 by henry tapper

I’m not quite sure why Money Marketing is reporting man of the people Steve Webb as re-phrasing Bachman-Turner Overdrive’s famous phrase, this way Steve Webb: DB transfer demand? You’ve not seen anything yet Steve is not a linguistic pedant and … Continue reading →

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

Extreme investment caution’s killing off final salary schemes – Boulding.

Posted on August 18, 2017 by henry tapper

  Extreme investment caution is killing off final salary pensions, believes Adrian Boulding – and, within that, there is a stark message too for the defined contribution saver. Adrian is a long time friend of this blog and I’m pleased … Continue reading →

Posted in pensions | Tagged , , , , , , | 5 Comments

CETVs; the flight from quality

Posted on June 23, 2017 by henry tapper

Both the Times and the Financial Times report today on the anticipated voluntary withdrawals from Britain’s DB pensions through cash equivalent transfer values (CETVs). The FT, relying on Mercer as a source, estimate the withdrawals to be as much as … Continue reading →

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

Actuaries! Talk with us – don’t argue with each other.

Posted on May 13, 2017 by henry tapper

  There’s a  silly letter in the FT this week which I print in full.  Sir, Jo Cumbo’s report “Mortality update bodes well for pension deficits” (May 4) refers to an assertion by PwC that slowing mortality improvements could reduce UK … Continue reading →

Posted in actuaries, pensions | Tagged , , , , , , , , | 5 Comments