Tag Archives: Dr Iain Clacher
How strong is Britain’s DB funding? The video trustees and sponsors should not ignore
I expect that this issue will continue to receive minimal attention on this from the consultancy teams advising trustees on funding, from the press which is generally driven by he consultants and from the majority of pension experts who’s … Continue reading
Posted in age wage, pension playpen
Tagged Con Keating, Dr Iain Clacher, Iain Clacher
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Portfolio Resilience – the transition to LDI II
Advocates of Liability Driven Investment (LDI) have been busy reassuring the authorities that LDI no longer constitutes a threat to financial stability. They have been doing this, in increasing volume and frequency since the end of the Bank of England … Continue reading
Work and Pensions Committee and the Pensions Regulator ; Iain Clacher & Con Keating
This morning the Pensions Regulator will be giving evidence to the Work and Pensions Committee’s inquiry into Liability Driven Investment. Charles Counsell, the Chief Executive of the Pensions Regulator, wrote a letter to the Lord’s Industry and Regulator’s committee … Continue reading
I’ll argue on my blog – not in parliament.
The Work and Pensions Committee announced the line-up for their sessions on LDI (23rd November). There’s been a bit of banter about lining up Con, John and Iain and me. Let’s calm things down. We may have very different views … Continue reading
DWP funding regs. suffer from “recency-bias” – Keating and Clacher
This is the fifth in our series of blogs addressing the questions posed in the DWP’s Funding Regulations consultation. Links to the previous blogs are provided at the end of this blog. We follow the same conventions as in previous … Continue reading
Posted in pensions
Tagged Con Keating, DB Funding Code, Dr Iain Clacher, DWP, Funding Code, Recency
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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 borrowing, challenge, Con Keating, Dr Iain Clacher, gearing, LDI, leverage, Pensions
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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 Con Keating, DB funding, de-risking, Dilbert, Dr Iain Clacher, LDI
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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
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
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