Tag Archives: Jon Spain
Jon Spain speaks out against pension orthodoxy today
Many of us have grown up with Jon Spain at GAD. I remember walking into him as he walked bare foot down a corridor in that most actuarial of Treasury outposts! Jon is a deep thinker and one who has … Continue reading
Jon Spain speaks out against pension orthodoxy (Tues 22nd)
Many of us have grown up with Jon Spain at GAD. I remember walking into him as he walked bare foot down a corridor in that most actuarial of Treasury outposts! Jon is a deep thinker and one who has … Continue reading
“Long ILGs Revisited” Con & Jon ask why they’re in our DB schemes.
We have just updated http://www.ukrpi.com, with the statistics and various charts updated until the end of 2023. Just over a year ago, Henry Tapper kindly published our short piece (link below), in which we wondered why ILGs have been so … Continue reading
“So what’s a pretty ILG doing here, then?” The indexed linked gilt’s called to account.
This blog looks at how index-linked gilts came to be and asks what they are doing in LDI portfolios – its authors are Jon Spain and Con Keating In 1980, the Wilson Report was published, recommending that the UK government … Continue reading
USS and the risks of power over other people’s wealth
In political science and popular discourse,[1] the horseshoe theory asserts that the far-left and the far-right, rather than being at opposite and opposing ends of a linear political continuum, closely resemble one another, analogous to the way that the opposite ends of a horseshoe are close together. ..Proponents … Continue reading
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 DB Funding Code, DWP, Jon Spain, Submission, TPR
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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
Posted in actuaries, pensions
Tagged GAD, Jon Spain, modelling, pensions, Procrustean, TPR
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
“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