When taxation is retroactive it will change behaviour. Be careful with envy focused legislation promote real solutions to British poor…
Extending time horizons can ease short-term funding pressure, but it shifts risk toward younger members. Reform should make those intergenerational…
I've just come across this letter from Smithers, covering DB pensions in general and the USS in particular. https://smithers.co.uk/extending-the-liabilities-time-horizon-is-key-to-pensions-reform/
Great. A chance to nit-pick something from Steve Webb. The Married Woman’s Option finished in 1977, not 1978. SERPS was…
Tag Archives: finance
Is DB Bankrupt?
Sept 2nd -St Stephens Club- Nick Spencer, GAM’s supremo makes startling assertion “DB is bankrupt” no investment strategy can return the typical DB plan to solvency. Sept 6th- Pension Playpen Lunch in Cornhill- 14 pension professionals sit down to discuss the issue over a pint … Continue reading
Putting clients first- First Actuarial
You can’t get people lower down the corporate food chain to “treat customers fairly” if the customers aren’t the first priority of the people at the top.
Delivering a pension
The ordinary member of a pension scheme will not be aware of Liability Driven Investment, however he or she is acutely aware that their pension may be at risk. Continue reading
I am weary of being weary of politics
Here error is all in the not done- all in the diffidence that faltered… Continue reading
Public sector pensions- who cares?
You don’t think public sector pension decisions matter? Take a look at your council tax bill -these things are bcoming second mortgages to many of us!
DON’T ASK – DON’T GET
We don’t like asking- but we love to be asked. Continue reading
Tagged 1, finance, mallowstreet, pension playpen, UK Treasury
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Public sector pension debt
How long before the ratings agencies catch up with us and require us to take action over our public sector pension debt? Continue reading
Posted in pensions, Treasury
Tagged ageing, Corin Taylor, Employment, finance, Government, Greece, IOD, Labour, Local government pensions, Longevity, pension, pensioners, pensions, Private sector, public sector, Retirement age, Salary, Treasury
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Enhanced transfer values-is there a middle way?
There’s a lot of talk about “risk sharing” between employers and members of DB pension schemes. “Risk sharing” has become a euphemism for booting members out of the pension scheme- a middle way is needed. Continue reading
Posted in de-risking, pensions, Retirement
Tagged ageing, corporate risk, de-risking, enhanced transfer values, ETVs, finance, Longevity, pensioners, pensions, Retirement
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Can pensions find a unified voice?
There are no great and good anymore- the availability of information has meant a democratisation and demystification of the pensions hieirarchy. The information revolution has done for the pensions oligarchy what usury did for feududalism and it’s not taken 100 years, it hasn’t taken 100 months!
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Scheme liabilities- Rest in Peace
The old adage that if the Equitable Life was a pension scheme it would still be trading today can be reversed. If most pension schemes were regulated as life insurance companies are today they would not be in business. Which is why we must be very worried indeed about threats to the buy-out market and very worried for our DC members about the impact on the cost of annuity purchase. Continue reading
Posted in EU Solvency II, Fiduciary Management, Liability Driven Investment, pensions, Retirement, Treasury
Tagged ageing, annuities, annuity purchase, Bank, cod.halibut.pollock, Equitable Life, EU, EU Solvency II, Fiduciary Management, finance, fishing, insurance.trustees, Liability Driven Investment, Local government pensions, pensioners, pensions, Retirement, Retirement age, Solvency II, trawler, Treasury
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"it will need increased taxation of some kind" Rubbish. Suitable cuts in other government expenditure would do the job and…