Tag Archives: FABI

FAB index up despite fall in gilt yields!


  In contrast to the PPF 7800 index and other commentators’ indices, First Actuarial’s Best estimate (FAB) Index improved in February to a surplus of £288bn across the 6,000 UK defined benefit schemes. This was despite a sharp fall in … Continue reading

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The ABI goes FABI on claims!


    Readers of this blog listening to the ABI’s Huw Evans on Wake up to Money, may have been spluttering into their tea and biscuits! The ABI are faced with a cut in the discount rate used to calculate compensation … Continue reading

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More FAKE NEWS on pension deficits #FABI


The Government’s just published its green paper ‘Security and Sustainability in Defined Benefit Pension Schemes’. It’s already generated knee-jerk headlines claiming 11m employees could see their pensions cut. The green paper refers to “under-funded schemes” and “stressed employers”, but can’t … Continue reading

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Narrowing the range of thought…


I get back from a few days in the North East to this headline in Corporate Adviser First Actuarial versus the world: DB’s glass half full or half empty? (you can read the article on the link at the bottom) … Continue reading

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DB pensions; experts are the problem, people are the answer.


  The best thing (for me) about going to the international Longevity Centre’s launch of their study of DB deficits was John. I’d seen him when I walked into the committee room in the House of Lords, he had his … Continue reading

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Plugging phoney deficits does no good!


We have become fixated with phoney pension deficits, now a British pension consultancy is suggesting we can plug phoney deficits with real money, the dividends that support “other people’s pensions. This is what we think of the phoney deficits. Our … Continue reading

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FABI says “no no” to the deficit yo-yo!


The First Actuarial Best-estimate Index (FABI) continues on a more predictable flight. An actuary speaks! Rob Hammond, who oversees the number crunching behind FABI says: “Yo-yo deficits do nothing to restore people’s confidence in their pensions. FABI paints a truer … Continue reading

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“Sunspots” (Con Keating)


Although not at this week’s Pension PlayPen lunch, Con asked for an account of the conversation; I mentioned that those in the room were pleased that schemes owning large amounts of index-linked gilts, had enjoyed bumper returns last year. It … Continue reading

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Is there really a “fail” at the Royal Mail?


  The Royal Mail is consulting with its staff on closing its final salary scheme to future accrual. This is a public consultation, the Royal Mail are putting it to their staff that an increase of pension contributions to 50% … Continue reading

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Transfer heaven or transfer hell?


Saturday kitchen’s binary dilemma informs on the “stampede” for a defined benefit transfer value (CETV). Those who still have this option have been offered as much as 40 times the prospective pension as cash payable to an approved pension. With … Continue reading

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