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Tag Archives: John Ralfe
The fight for fungible pensions continues!
“The tragedy of British pension arrangements is that the attempt to force safety on private arrangements is forcing them into collapse. Worse, it has allowed the older generation of pensioners to extract all the risk-bearing capacity of private sponsors for … Continue reading
Con Keating explains why John Ralfe is wrong on CDC
This is a commentary on an article which appeared in FT Alphaville, which was sent to me by a friend in Bermuda. It is a description by John Ralfe of a lecture given by him. The lecture was hosted … Continue reading
The USS valuation and a way forward
The controversy over the University Superannuation Scheme’s current valuation sums up all that’s gone wrong with defined benefit pension schemes. Let’s start with the view of John Kay, one of Britain’s most respected and outspoken economists. John Kay, one of … Continue reading
Posted in pensions
Tagged #USS, John Kay, John Ralfe, Kevin Wesbroom, Mike Otsuka, Pensions, Sam Marsh, USS
2 Comments
Rejoicing in heaven – John Ralfe returns to the fold!
I say unto you, that likewise joy shall be in heaven over one sinner that repenteth, more than over ninety and nine just persons, which need no repentance. Luke 15.7 “Miracles and mirages of #CDC ” Excellent blog by … Continue reading
Why , given half a chance – most DC savers will “invest” in cash.
In my article today about CDC, I mention that DC is unable to do what CDC can do, which is keep people invested in retirement. The FCA’s Retirement Income survey data shows that the vast majority of redemptions from personal pensions … Continue reading
John Ralfe’s CDC lecture
A big thank you to Imperial College Business School for making this a public lecture, It brought 140 people together, encouraged some sharp debate in the chat room and gave a platform to John Ralfe to explain the con trick … Continue reading
Posted in pensions
Tagged annuity, Brevan Howard, CDC, dc, Financial services, John Ralfe
9 Comments
Lecture: ‘Can CDC turn base metal into pensions gold?’ by John Ralfe
That friend to financial economics and foe to open pension schemes, John Ralfe, is delivering a public lecture on CDC on February 23rd. Register here for my @ImperialBiz on-line lecture. https://t.co/d23ex5RlH9 What does CDC “inter-generational risk sharing” really mean? How … Continue reading
USS; are UCU and UUK missing the big picture?
This is nonsense. If universities can’t pay the required #USS DB contribution, then simply move to DC, which was of course the original plan. Universities backed down in the face of strikes https://t.co/rYtU1azGjM via @timeshighered — John Ralfe (@JohnRalfe1) November … Continue reading
Posted in advice gap, CDC, USS, Value for Money
Tagged AgeWage, Business and Economy, CDC, dc pensions, Defined benefit pension plan, DWP, Guy Opperman, Jo O'grady, John Ralfe, Mike Otsuka, Norma Cohen, pension
2 Comments
Are John and Norma right – are we facing the end of mass-retirement?
@JosephineCumbo could you pls explain why “open” DB schemes are less risky than closed schemes, and should therefore be subject to weaker funding requirements? “Josephine Cumbo: Open and closed case @@corpadviser https://t.co/u3loRiZxB6 — John Ralfe (@JohnRalfe1) October 30, 2020 The … Continue reading
Posted in pensions
Tagged DB Funding Code, de-risking, John Ralfe, Lockdown, Norma Cohen, Pensions, Ros Altmann, TPR
2 Comments
“He that hath ears to hear, let him hear.”
I am very pleased that Con Keating and Iain Clacher’s recent article has got so much attention , both in terms of readers and in terms of social media comment. Though I am one of those who thinks the Pension … Continue reading
Posted in actuaries, Big Government, coronavirus, pensions
Tagged Con Keating, David Fairs, Ears, Guy Opperman, Joe Strummer, John Ralfe, Matthew, ppf, TPR, Treasury
5 Comments
