Tag Archives: Funding

AgeWage is closing its investment round (but you’ve still got a week to invest)

www.seedrs.com/agewage We’ll be closing our investment round with Seedrs on Friday 24th May. As I write, that gives readers a week to invest. You invest by clicking the link above, if you want to invest more than £5,000, drop henry@agewage.com … Continue reading

Posted in advice gap, age wage, pensions | Tagged , , , , , | Leave a comment

With “good risk” , we can push the sky away.

    This from City AM’s Josh Mines The pension deficit of the UK’s 350 largest companies tumbled by a huge £16bn over the course of May, figures out today have shown. In just one month, the FTSE 350 pension … Continue reading

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

Is the USS really in crisis?

Professor Dennis Leech is Emeritus Professor of Economics at Warwick University. This week has seen the University Employers threaten to withdraw sponsorship for future DB accrual, the University Union announce intended strike action and the DWP Select Committee ask fundamental questions about … Continue reading

Posted in pensions, USS | Tagged , , , , , , | 16 Comments

“Spanish steps” – ideas on pension funding from Jon Spain.

Jon Spain is an eccentric brilliant actuary who has worked for many years worked at the Government Actuary’s department. I am proud he has asked me to provide a précis of his response to Charles Cowling’s Sessional Paper to the Institute … Continue reading

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

If you don’t know who’s paying, it’s probably you.

  The last few days have seen a reality check on who’s paying for the long term care of our elderly. Now I read this morning a report by the Resolution Foundation on who’s  paying for the deficit reduction plans … Continue reading

Posted in pensions | Tagged , , , , , , | 5 Comments

Narrowing the range of thought…

I get back from a few days in the North East to this headline in Corporate Adviser First Actuarial versus the world: DB’s glass half full or half empty? (you can read the article on the link at the bottom) … Continue reading

Posted in pensions | Tagged , , , , , , , , , , | 3 Comments

Stocks as good as bonds – says top prof!

  Top prof Mike Otsuka has had enough of his mega pension fund’s investment strategy. In this post he hits out at the USS and calls for members to join him. His article references John Woods’ neglected paper that debunks … Continue reading

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

A Christmas present for UK pension plc

The Pension Protection fund published its monthly update on Tuesday. The news slipped out quietly (as good news generally does). The aggregate deficit of the 5,794 schemes in the PPF 7800 Index is estimated to have decreased over the month to … Continue reading

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

“Breaking ranks” with a pernicious orthodoxy.

  In a significant interview with the FT, Michael Higgins, former chair of the Pension Regulator and chair of a £12bn pension trust argues that valuing pension liabilities using the gilt yield is leading to a …. “significant misallocation of resources — … Continue reading

Posted in accountants, Bankers, pensions | Tagged , , , , , , , , | 5 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