Tag Archives: GAD

COVID-19 ; International Comparisons

How does the UK stack up against other countries?   Chris Daykin has been finding out.   Introduction Comparisons between countries of the progress of COVID-19 are complicated by the different effective starting points in different countries and because the number … Continue reading

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“Procrustean Pensions”; Jon Spain challenges tPR’s modelling

On 03 March 2020, the Pensions Regulator (“TPR”) launched its consultation on clearer DB funding standards. The documentation included a report from GAD (the “report”) entitled “Modelling the Long-Term Funding Objective” dated 14 February 2020. This short piece concentrates upon … Continue reading

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Triple lock? – easy!

With a deft tweet , former Pensions Minister Steve Webb wakes us up to a startling economic revelation. Doesn’t seem long since we were reading doom-laden warnings about the National Insurance Fund ‘running out of money’ in a few years. … Continue reading

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The Government’s pension stealth tax

What are we to make of the disenfranchisement of Stagecoach from rail contracts? I am extremely concerned by this statement , reported in the Financial Times  Stagecoach said its recent bids had been non-compliant “principally in respect of pensions risk”. … Continue reading

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Schools staring into a pension “abyss”

  Contrary to indications that the Teachers’ Pension Scheme (TPS) employer contributions for 2019-20 would be set at 19.1%, schools have now been told  that the figure from September 2019 will be 23.6%. The Teachers Pension Scheme, along with all … Continue reading

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“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

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Innovative pensions for the mass of us!

In its Retirement Outcome Review (interim report), the FCA were clear on  evidence of a problem The blame lies not with thick consumers but with lack of competition If competition is not working effectively and consumers make uninformed retirement income decisions this could lead to … Continue reading

Posted in advice gap, auto-enrolment, DWP, pensions | Tagged , , , , , , , | 8 Comments

Actuaries – many ears here to listen!

I am glad that I had a go at the actuarial experts arguing in the FT.  It didn’t change the way  people behaved yesterday – (although several hundred people appear to have spent time reading it) – but  it solicited … Continue reading

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A pensions dashboard brings its own risk.

A need for pension I am keen not to pour cold water on the pensions dashboard, but I am not having it promoted as the game-changer to savings behaviour. The pensions dashboard is what Martin Clarke, the Government Actuary, refers to … Continue reading

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Andy Young OBE

Andy Young – an outstanding actuary! One of the less sung OBE’s awarded in this year’s honours was to Andrew Young. Andrew is a friend of mine and a friend to this blog. I am not sure that is this … Continue reading

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