Tag Archives: first actuarial

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

How mean is my valley? Why have we given up on pension prosperity?


  Britain is one of the great economic powerhouses of the world. We are a strong nation that should be most confident in ourselves and our capacity to manage our own future. In the past few days we have seen … Continue reading

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

Long term sustainability of DB schemes (First Actuarial bulletin)


First Actuarial publish bulletins helping staff, clients and the wider markets to understand what’s going on. This is the 31st October bulletin. If you’d like to subscribe to this bulletin we will put you on our mailing list – please … Continue reading

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

Was BHS a blessing?


At a rowdy debate at yesterday’s Battle of Ideas, my colleague Hilary Salt stoked the fires by claimed the fall of BHS was a milestone to improving British productivity. Nobody expressed disagreement – despite it being packed with left-wing thinkers. … Continue reading

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