Tag Archives: first actuarial

GMP equalisation – accounting issues – First Actuarial – webinar invite!


First Actuarial are able to explain this GMP equalisation thing and the implications for pension (and company) accounting. Having done a webinar or two with “Sam and Jingoe”- I’d say this will be time well spent! Here’s your invite! Our … Continue reading

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First Actuarial celebrates its special day


Once a year, everyone at First Actuarial comes together in one place to work and play for a day. This is the day. Most of us choose where we want to work and if we don’t like it, we go … Continue reading

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Payroll are tomorrow’s Pension Experts!


I spoke at the CIPP Conference at the National Exhibition Centre at what payroll can do to help staff understand pensions and in particular – the pension freedoms. Here are my slides I think there are three things that hold … Continue reading

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“The way we were” – Mike Otsuka calls for USS to return to Topper form.


Here I distill my threads of the past few days into a single message: the @FirstActuarial & @ucu approach to the investment and valuation of #USS is not some radical new theory. Rather, it’s in line with the way #USS … Continue reading

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Reach out and touch – success is a state of mind!


  Yesterday the FT published an article with a headline many predicted we’d never read again. “FTSE 100-backed pension schemes move from shortfall to surplus” About the time the article was published I received a mail from someone who turned … Continue reading

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FABI surplus continues to soar, as USS accounting deficit falls dramatically.


Much like daily temperatures , First Actuarial’s Best estimate (FAB) Index soared through  June , and the heat is on for those who’ve weaponised accounting deficits. The Universities Superannuation Scheme (USS) has announced a dramatic fall in 2018. The FAB Index – which provides … Continue reading

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University pensions! – Stay collective! Stay open!


Another good day for pensions! Yesterday was a good day for the collective pension scheme in Britain. I had breakfast at Cicero’s offices in the Old Bailey (not the courts). I was able to hear our Pensions Regulator talk openly about … Continue reading

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Alright LCP and First Actuarial – here’s my ESG challenge to you!


I’d alert readers to an excellent thought piece by LCP consultant, Sam Cobley. You can read it here. Sam ponders why, while every trustee and IGC chair is now commenting on Responsible Investment and Environmental, Social and Governance issues. So few … Continue reading

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Bill Galvin , stop whingeing to the FT and come down here!


Bill Galvin would be well-advised not to snipe at social media for peddling misconceptions about the University Superannuation Scheme. Dennis Leech, Professor of Economics at Warwick concludes a recent article with the question will this independent group be subject to … Continue reading

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The herd mentality that leads us to DC


Luke 8:32-33 A large herd of pigs was feeding there on the hillside. The demons begged Jesus to let them go into the pigs, and he gave them permission. When the demons came out of the man, they went into … Continue reading

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