Tag Archives: Dr Iain Clacher

LDI – open to legal challenge? Keating and Clacher ask awkward questions.

  The authors of this blog are Iain Clacher & Con Keating The purpose of a UK defined benefit tax approved pension scheme trust will be set out expressly in the terms of the trust deed (or can be deduced … Continue reading

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

Keating and Clacher debunk LDI

Risk and DB Pension Scheme Funding Iain Clacher & Con Keating If only that Dilbert cartoon had been published fifteen or twenty years ago, we might have seen very different outcomes from the rise of ‘de-risking’ strategies, liability driven investment … Continue reading

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

Follow the data and defend the charge cap – Clacher and Keating

Today’s blog is the continuation of yesterday’s introduction to problems with the proposed exemption of the charge cap. Your authors are Con Keating and Iain Clacher. We responded to the earlier consultation on illiquid private ‘market’ investments and performance fees. … Continue reading

Posted in pensions | Tagged , | 1 Comment

CDC and Statutory Risk Management

The new regulations which enable CDC schemes require an annual viability statement to be prepared. Of necessity, it must be a forward-looking document, and that means that it will in part be reliant on the actuary’s/trustees’ estimates of the future … Continue reading

Posted in pensions | Tagged , , , | 3 Comments

A major contribution to the practice of funding pensions

Despite most of us saving into defined contribution retirement plans which provide no pension and rely entirely on investments and contributions for their outcomes, the defined benefit plan remains the source of most retirement income for the UK. Most defined … Continue reading

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

With Friends Like These, Who Needs Enemies? The DB Funding Code: An Existential Threat to Open DB Scheme

  We have been asked what impact the Funding Code would have on open schemes by a number of correspondents.  This blog illustrates why the new funding code is the  biggest risk that open scheme members face . Simply put, … Continue reading

Posted in actuaries, advice gap, age wage | Tagged , , , , , | Leave a comment

A sense of proportion; (Keating and Clacher on insolvencies and the PPF)

In this article, Keating and Clacher consider corporate insolvencies and their impact on the PPF – they call for a sense of proportion. Last year DB pension schemes paid £65 billion in pension benefits to pensioners; the PPF paid £775 … Continue reading

Posted in actuaries, advice gap | Tagged , , , , , , | 1 Comment

How much does auto-enrolment cost?

The new living wage will make auto-enrolment more expensive If you are a small company, one of the unexpected items you’re going to have to add into your financial plan for the next three years is the additional cost of … Continue reading

Posted in actuaries, auto-enrolment | Tagged , , , , , , | Leave a comment