Tag Archives: defined benefit
“Blindsided!”-investment consultants caught by FCA’s rabbit punch
Nobody saw it coming. I went to a conference of investment consultants earlier in the month, the FCA’s Market Review was not on the agenda of any of the day’s sessions. But the FCA’s proposal to make a MARKET INVESTIGATION REFERENCE … Continue reading
Posted in pensions
Tagged 2017, Actuary, Aon, defined benefit, FCA, first actuarial, Hymans Robertson, IGC, Innovation, LCP, Market Review, Mercer, pension, Technology, TPR, WTW
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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
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Two months in and FABI makes its point
While other indices see wild volatility in the deficit positions of the PPF7800, the FABI index is already showing the material advantage of a smoothed approach to valuations. To put it in behavioural terms, you don’t have to popping champagne … Continue reading
How mean is my valley? Why have we given up on pension prosperity?
Britain is one of the great economic powerhouses of the world. We are a strong nation that should be most confident in ourselves and our capacity to manage our own future. In the past few days we have seen … Continue reading
Posted in pensions
Tagged Blog, DB, defined benefit, FABI, first actuarial, Funding, Green paper, pensions, PLSA
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Doesn’t pension freedom extend to Defined Benefits?
The debate about the assumptions we use to decide the state of our defined benefit schemes is in full swing. On the one hand you have those, like John Ralfe who use an approach which ensures that there’s always enough … Continue reading
Posted in pensions
Tagged DB, defined benefit, Derek Benstead, first actuarial, Freedoms, Guarantee, John Ralfe, pensions, PPF7800, Rob Hammond, The Pensions Regulator, TPR
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Doesn’t “integrated risk management” set the bar askew?
The buzz phrase for those involved in DB pension management is “Integrated Risk Management” or IRM – if you want to sound familiar with these things. The phrase is a good one as it focuses trustee’s minds on what really … Continue reading
Posted in pensions
Tagged defined benefit, Integrated risk management, IRM, pension reform, pensions, The Pensions Regulator, TPR
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“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
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How defined is your benefit?
Today the Pension Institute, those “left-leaning losers” who shaped the Labour manifesto before the last election, will publish an uncompromising paper setting out the state of our defined benefit pensions, especially those supported by private sector “promises to pay”. … Continue reading
Posted in pensions
Tagged CDC, Conditional Indexation, David Blake, dc, Debbie Harrison, defined benefit, Netherlands, Pension Insitute
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If not CDC – what?
CDC – flawed in conception Steve Webb told me that when he spoke with Andrew Young, the former Government Actuary for the DWP, Andrew advised him to “think big”. Steve did and he will be remembered not just for the … Continue reading
Making the most of the £20bn small employers spend on DB – Guest blog from Hilary Salt
A simple shift in communications could ensure the £20bn employers spend on DB each year isn’t wasted Over the last decade we’ve seen the long march of defined benefit (DB) pension schemes from the sunny beaches of open schemes run by … Continue reading
Posted in pensions, Pensions Regulator
Tagged Actuarial science, Actuary, advice, £20bn, Business, corporate governance, corporate risk, de-risking, defined benefit, DWP, Employment, Financial services, first actuarial, Government, member benefits, members, National Employment Savings Trust, pension, pension playpen, pensions, small schemes
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