Tag Archives: John Ralfe

Con Keating explains why John Ralfe is wrong on CDC

Posted on July 2, 2021 by henry tapper

  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 →

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The USS valuation and a way forward

Posted on April 17, 2021 by henry tapper

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 →

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Rejoicing in heaven – John Ralfe returns to the fold!

Posted on March 26, 2021 by henry tapper

  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 →

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Why , given half a chance – most DC savers will “invest” in cash.

Posted on February 24, 2021 by henry tapper

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 →

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John Ralfe’s CDC lecture

Posted on February 24, 2021 by henry tapper

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 →

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Lecture: ‘Can CDC turn base metal into pensions gold?’ by John Ralfe

Posted on January 31, 2021 by henry tapper

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 →

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USS; are UCU and UUK missing the big picture?

Posted on November 15, 2020 by henry tapper

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 , , , , , , , , , , , | 2 Comments

Are John and Norma right – are we facing the end of mass-retirement?

Posted on November 2, 2020 by henry tapper

@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 →

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“He that hath ears to hear, let him hear.”

Posted on May 29, 2020 by henry tapper

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 , , , , , , , , , | 5 Comments

All plans off for DB funding proposals

Posted on May 5, 2020 by henry tapper

I’m sorry to have missed the FT’s DB funding debate, it sounds like a lively affair! Mercer, the professional services firm, last week estimated the aggregate accounting deficit for DB schemes for the UK’s 350 largest listed companies was £52bn … Continue reading →

Posted in actuaries, advice gap, Blogging, dc pensions, de-risking, defined ambition, DWP, pensions | Tagged , , , , , , , | 1 Comment