Tag Archives: Kevin Wesbroom

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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Pensions in the grand scheme of things

Posted on April 27, 2020 by henry tapper

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 →

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How will USS value itself today?

Posted on April 2, 2020 by henry tapper

  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 →

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Don’t de-risk too early – says Aon!

Posted on August 25, 2018 by henry tapper

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 →

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

More CDC nuts and bolts- this time from Kevin Wesbroom

Posted on June 19, 2018 by henry tapper

  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 →

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Kevin Wesbroom rebuts Hargreaves Lansdown’s rubbishing of CDC

Posted on January 17, 2018 by henry tapper

  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 →

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Shouldn’t Pension Schemes CREATE jobs? #CIPD

Posted on November 14, 2016 by henry tapper

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 , , , , , , , , , , , | 6 Comments

Very “interest”-ing

Posted on August 16, 2016 by henry tapper

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 →

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We had it coming!

Posted on July 10, 2015 by henry tapper

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 →

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Magic beans and “negative capability”

Posted on March 22, 2015 by henry tapper

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 , , , , , , , , , , , , , , , , , , , , , | 6 Comments