Tag Archives: Iain Clacher
Con and Iain asked “what can possibly go wrong with LDI?”
For those who don’t believe in the analysis of Keating and Clacher on UK pension matters, the publication of their excellent paper on pensions capacity to revive UK and European economic prospects will be disregarded. They might want to return … Continue reading
Defined Benefit Pension Funding – Iain Clacher & Con Keating
Defined Benefit Pension Funding Iain Clacher & Con Keating The article appears in the Securities Institute Review which is the house magazine of the Chartered Institute of Securities and Investment (CISI) It is here In a range of conference presentations, … Continue reading
Posted in pensions
Tagged Con Keating, Funding, Iain Clacher, ONS, Pensions, ppf, TPR
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How strong is Britain’s DB funding? The video trustees and sponsors should not ignore
I expect that this issue will continue to receive minimal attention on this from the consultancy teams advising trustees on funding, from the press which is generally driven by he consultants and from the majority of pension experts who’s … Continue reading
Posted in age wage, pension playpen
Tagged Con Keating, Dr Iain Clacher, Iain Clacher
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Headwinds for Productive Investment in the UK – Iain Clacher & Con Keating
Over the past ten years, according to Yodelar, the average returns of the Investment Association (IA) fund sectors were led by the Technology and Technology Innovation sector, amounting to a total return of 365.29%, a compound annual return of 16.6%. … Continue reading
TPR Leveraged LDI survey – Iain Clacher & Con Keating
This article has kindly been written for this blog by Con Keating and Iain Clacher TPR Leveraged LDI survey This year, TPR’s annual DB and hybrid (mixed benefit) scheme return template contained new questions on liquidity and leverage. There are … Continue reading
Final thoughts on the impact of the “LDI episode”.
An Analysis of the Pensions Regulator’s Review of impact on DB landscape following (the) LDI Episode: Part 4 This is the fourth, and last (for the time being), of our blogs concerned with TPR’s Report on LDI to Work and … Continue reading
The real cost of de-risking ; Keating and Clacher’s submission to parliament
This is Con Keating’s and Iain Clacher’s submission to the Work and Pensions Committe’s call for evidence on “Defined benefit pensions with Liability Driven Investments”. Written in March of this year, it represents an important perspective on the subject that … Continue reading
Posted in pensions
Tagged Con Keating, de-risking, DWP, Iain Clacher, LDI, TPR, Work and Pensions Committee
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DB Scheme Funding: Some Empirical Results and Consideration
We have been collecting the reported funding ratios of DB schemes since December 2022. Through this analysis we are finding some fairly large discrepancies between reported funding ratios and the widely broadcast narrative of highly significant improvements of those … Continue reading
Portfolio Resilience – the transition to LDI II
Advocates of Liability Driven Investment (LDI) have been busy reassuring the authorities that LDI no longer constitutes a threat to financial stability. They have been doing this, in increasing volume and frequency since the end of the Bank of England … Continue reading