Tag Archives: Kevin Wesbroom
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
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Pensions in the grand scheme of things
In the “grand scheme of things” – pensions will go on “In the grand scheme of things” is a very much over-worked phrase. It’s up there with “all will come out in the wash” as a means of dismissing today’s … Continue reading
Posted in CDC, pensions
Tagged annuity, CDC, dc, Defined Contribution, Flexi-access drawdown, Kevin Wesbroom, pensions
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How will USS value itself today?
News has come in that the University Superannuation Scheme (USS) is going to press ahead with a valuation of its assets and liabilities as at the 31st March 2020. It reasons for it in a public statement. I had … Continue reading
Posted in pensions, USS
Tagged Bill Galvin, Dennis Leech, financial markets, Higher education, Kevin Wesbroom, pensions, USS
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Don’t de-risk too early – says Aon!
I nearly fell off my sofa on Lady Lucy!! While all I’ve been hearing from Aon’s fiduciary unit is the importance of locking down the pension scheme through Liability Driven Investment – fully implemented by Aon, here is the American … Continue reading
More CDC nuts and bolts- this time from Kevin Wesbroom
Rt Hon Frank Field MP Work and Pensions Committee c/o Clerk of the Works and Pensions Committee House of Commons 7 Millbank, London, SW1P 3JA Dear Frank and colleagues Michael Johnson’s Commentary on Collective Defined Contribution (CDC) Michel Johnson … Continue reading
Kevin Wesbroom rebuts Hargreaves Lansdown’s rubbishing of CDC
Hot on the heels of Kevin’s rebuttal of CIDC, here are his comments on Hargreaves Lansdown’s submission to the Work and Pensions select Committee. Kevin is writing in his capacity as a consultant for Aon. His comments are in … Continue reading
Shouldn’t Pension Schemes CREATE jobs? #CIPD
News that ballooning pension deficits are hitting profits and leading to hiring freezes is both unwelcome and unacceptable. Pension schemes should be benefiting UK businesses, enabling them to retire those becoming less productive and hire the best new talent. But … Continue reading
Posted in accountants, actuaries, advice gap, pensions
Tagged CIPD, Deficits, defined benefits, FABI, first actuarial, ft, jobs, Kevin Wesbroom, la-la thinking, pensioners, pensions, Ros Altmann
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Very “interest”-ing
For millions of savers, the most important piece of financial news over the past few weeks has not been about the impact of bond yields on pension liabilities or their mortgage interest payments or the state of the stock market. … Continue reading
Posted in pensions
Tagged 123, BHS, Business, Cash, CDC, Con Keating, equities, John Ralfe, Kevin Wesbroom, Martin Lewis, Paul Lewis, pension playpen, pensions, Phillip Green, real assets, Retirement, Santander
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We had it coming!
I haven’t read the reaction of the pension hierarchy to the Treasury’s consultation on the future of pension tax relief – I don’t have to. Steve Bee’s tweet “I don’t want to spend the rest of my time on this … Continue reading
Magic beans and “negative capability”
Negative capability describes the capacity of human beings to transcend and revise their contexts. If we dismiss it as “magic beans” we are committed to repeating the mistakes of the past – and- as we all know – that way is madness. Continue reading
Posted in Change, corporate governance, drawdown, Financial Education, happiness, Pension Freedoms
Tagged Business, CDC, corporate governance, David Pitt-Watson, dc pensions, Financial services, Government, Hari Mann, John Ralfe, Kevin Wesbroom, madness, magic beans, mistakes, Negative capability, pension, Pension new, pension playpen, pensions, progress, repeating mistakes, Retirement, Steve Webb
6 Comments