Tag Archives: first actuarial

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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“Small is beautiful” – Hilary Salt’s contrarian pension vision.


It’s difficult to go anywhere on planet pensions at the moment without hearing people extol the virtues of scale. I seem to be the only sceptic on this. (I’d better upfront declare my conflict of interest as our clients include … Continue reading

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Is there a”pensions opposition”? Thoughts on #TUCpensions


I wasn’t at the TUC Conference, having a Conservative membership has closed a few doors and I didn’t want to make some awkward by insisting. My colleague Hilary Salt spoke and the event was capably relayed by Josephine Cumbo and others. … Continue reading

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Shift to bonds chokes health of UK pension funds!


One of the best things about working for First Actuarial is our resolute refusal to see the world any way but our way! As common sense (pragmatism) is what guides us, we are happy to have the courage of our … Continue reading

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If past performance doesn’t matter- what does?


Performance measurement is a deeply unpopular science. If there is one phrase that financial services has given to popular parlance it’s that “Past performance is no guide to the future” This worthy sentiment would ring hollow to the person transferring … Continue reading

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So what about 2017?


2016 turned out to be a relatively uneventful year for pensions (despite all the noise). 2017 looks to have the hallmarks of disruption all over it but whatever happens to pensions will be eclipsed by the wider implications of our … Continue reading

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Taking possession; how’s Workie performing ?


There’s an urban (pension) myth that it’s not until your pension is worth as much as your car that you take any notice of it. My car has been written off twice and has a scrap value of £1000 so … Continue reading

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“Blindsided!”-investment consultants caught by FCA’s rabbit punch


Nobody saw it coming. I went to a conference of investment consultants earlier in the month, the FCA’s Market Review was not on the agenda of any of the day’s sessions. But the FCA’s proposal to make a MARKET INVESTIGATION REFERENCE … Continue reading

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Shouldn’t Pension Schemes CREATE jobs? #CIPD


News that ballooning pension deficits are hitting profits and leading to hiring freezes is both unwelcome and unacceptable. Pension schemes should be benefiting UK businesses, enabling them to retire those becoming less productive and hire the best new talent. But … Continue reading

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Strange ideas – Con Keating debunks pension’s received wisdom


A number of extremely strange beliefs have emerged in the course of correspondence arising from earlier articles that introduced methods for the evaluation of pension liabilities which do not invoke any external factor. Take the idea of using market prices … Continue reading

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