Tag Archives: Derek Benstead

Derek Benstead provides a fresh view on collective pensions this morning at 10.30am

  Pension PlayPen Coffee Morning 10.30 am Tuesday 4th July Fresh from his visit to Parliament to explain to the Work and Pensions Committee why open DB schemes have a future (along with CDC) , he’s now joining us for  … Continue reading

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Derek Benstead, DB by name – collective by nature! PP Coffee Morning – July 4th

  Pension PlayPen Coffee Morning 10.30 am Tuesday 4th July Fresh from his visit to Parliament to explain to the Work and Pensions Committee why open DB schemes have a future (along with CDC) , he’s now joining us for  … Continue reading

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Why “the anti-growth alliance” is a nonsense.

One of the moments that made my mind up about my politics was standing in a hall listening to the Tom Robinson Band singing “better decide which side you’re on”. It contains the lyric If left is right then right … Continue reading

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Of nuclear deterrents, sledgehammers and nuts – (DWP Select on DB)

The 90 page report on the state of our defined benefit pension schemes is published this morning. From first to last it is the work of Frank Field, it begins with BHS and ends with BHS, the confrontation with Philip … Continue reading

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“Nothing” is very much wrong with defined benefit pension schemes.

This week I was asked this question by a civil servant (not directly involved with pensions). Ignorant question: What in regulation or law would prevent a DB pension scheme being valued based on the actual assets as opposed to the … Continue reading

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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

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Cash beats shares for capital gains (but not for pensions).

Paul Lewis has produced a brilliant study that shows how the outcomes of investing a capital sum in cash would have been better than investing in shares over the past 21 years. Paul is right, the numbers do  not lie and … Continue reading

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Am I being unfairly targeted?

It was all going so well. We’d had a great day working and a great night playing and we’d made it back to chalet 147 at Center parks and were tucked up in bed. But one of our company us was … Continue reading

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How to have fun without breaking the bank

Well you wouldn’t have thought that the newly opened Center Parcs near Woburn would afford 200 actuaries and pension geeks a good time. But you’d be reckoning without the child within that drives First Actuarial at work and play. The … Continue reading

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CDC schemes and Ponzi Schemes – a guest blog by Derek Benstead

  A tweet is long enough to write an idiocy but not long enough to make a reasoned argument. The quoted tweets from PJ Zoulias  in Henry Tapper’s recent blog say nothing meaningful to give a reasoned response to. I’ll give … Continue reading

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