Tag Archives: first actuarial

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

Posted in pensions | Tagged , , , | Leave a comment

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

Posted in pensions | Tagged , , , , , , , | 6 Comments

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

Posted in pensions | Tagged , , , , | Leave a comment

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

Posted in auto-enrolment, pensions | Tagged , , , , , , , | 1 Comment

“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

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

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

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

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

Posted in accountants, actuaries, happiness, pensions | Tagged , , , , , , , | Leave a comment

The risk in “de risking”


Defined benefit pensions are delicate mechanisms designed for the purpose of providing pensions for generations of employees. Decisions taken in the last twenty years first to close DB schemes to new entrants, then to future accrual to current members and … Continue reading

Posted in accountants, advice gap, pensions | Tagged , , , , , , , , | 5 Comments

The value of your pension and the value of your house (Professor Mike Otsuka)


Professor  Mike Otsuka, teaches at the  LSE , he’s written about First Actuarial’s approach to valuing pensions in this blog, the original of which you can find here. People understand houses and know that it’s only when you come to … Continue reading

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

“It’s not what you’re saying, it’s what we’re hearing”. DB needs clearer messaging.


I hate falling out with old friends so I wasn’t happy when Raj Mody phoned me and told me that I’d pissed him off. Well he put it more mildly than that but when an actuary says he’s disappointed, you … Continue reading

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