Tag Archives: FABI

Are you feeling DC sick?

Posted on February 14, 2018 by

Joy for DB is pain for DC!   I am sure I am painting too simple a picture and that I’ll be whacked over the head by my learned colleagues, but the general jubilation breaking out over UK pension scheme … Continue reading →

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

Catch a falling knife?

Posted on February 6, 2018 by

For the first time since we had pension freedoms , we have a market that appears out of control. As I write, the London Stock Exchange is preparing to open, with the FTSE lagging the S&P by 2.5%. We are … Continue reading →

Posted in pensions | Tagged , , , , , | 1 Comment

As Carillion goes bust, First Actuarial shows PPF can take the strain.

Posted on January 18, 2018 by

Carillion’s dramatic and sudden insolvency is likely to push its 13 defined benefit (DB) schemes, and their 28,000 members, into the Pension Protection Fund (PPF). However, as reports emerge of a combined section 179 (s179) shortfall of as much as … Continue reading →

Posted in actuaries, First Actuarial, pensions | Tagged , , , | 7 Comments

FAB Index sends us all a happy Christmas!

Posted on December 19, 2017 by

BAE adopts sensible funding approach as FAB Index hits all time high. BAE Systems has announced it is adopting an “asset-led” funding approach, enabling it to maintain its funding deficit at 2014 levels and continue to provide defined benefit (DB) … Continue reading →

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First Actuarial warns on knee-jerk reactions to the interest rate rise

Posted on November 2, 2017 by

With the Bank of England doubling interest rates, First Actuarial predicts a flurry of good and bad pension headlines, but warns of misguided optimism on funding and a rush for the door fuelled by pessimism about transfer values. Good news … Continue reading →

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First Actuarial- proud to work for you!

Posted on September 30, 2017 by

  I had a nice surprise over breakfast; whizzing through my emails I found that while I’ve gone on holiday, they’ve issued a FAB press release! 50:50 claim by PLSA is “dangerously misleading” says First Actuarial First Actuarial chastises the … Continue reading →

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

Deficit – what deficit?

Posted on August 22, 2017 by

  “Deficit – What deficit?” asks First Actuarial as the FAB Index climbs for the third month in a row     First Actuarial’s Best estimate (FAB) Index improved for the third month in a row, showing a month-end surplus … Continue reading →

Posted in First Actuarial, pensions | Tagged , , , , | 4 Comments

First Actuarial – “scaremongering on solvency is driving people to cash-out their DB pensions.”

Posted on July 28, 2017 by

  In a week when we learned pension freedom withdrawals hit a record £1.9bn, First Actuarial warns advisers’ exaggerated concerns about the ongoing viability of defined benefit (DB) schemes is contributing to the recent surge in people cashing out. A … Continue reading →

Posted in accountants, actuaries, advice gap, pensions | Tagged , , , , , , | 6 Comments

FABI continues on its boring way

Posted on June 23, 2017 by

First Actuarial’s Best estimate (FAB) Index improved in May, showing a month-end surplus of £295bn across the 6,000 UK defined benefit schemes. Whilst it might not grab the headlines, the FAB Index provides the voice of reason in demonstrating that … Continue reading →

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Pension promises- “second hand not second rate”.

Posted on June 22, 2017 by

There’s an old Elvis Costello song (Senior Service) which talks about the DWP They took me in the office and they told me very carefully The way that I could benefit from death and disability I thought of it as … Continue reading →

Posted in advice gap, pensions | Tagged , , , , , | 2 Comments