Tag Archives: Jon Spain

Jon Spain’s submission on DB Funding

Although people have been living far longer than used to be the case, the financial assumptions are generally far more significant than the demographic assumptions.

If, as appears to be the case, we can’t get simple things right, why should we think we can tackle complex stuff successfully? Continue reading

Posted in actuaries, advice gap, pensions | Tagged , , , , | 6 Comments

“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

Posted in actuaries, pensions | Tagged , , , , , | 7 Comments

USS : FINANCIAL DIFFICULTIES – OR OPPORTUNITIES?

    Jon Spain is one of Britain’s foremost actuarial thinkers. You don’t have to  be an actuary to enjoy this piece – indeed it might help for non-actuaries to peer behind the actuarial covers – as Jon allows you … Continue reading

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

“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