Tag Archives: KPMG
Putting “transfer” in employer’s heads
Since 2012, the industry has self regulated pension transfer exercises where employers offer staff a financial incentive, to quit good quality schemes. Industry leaders are now calling for the Govt to intervene after saying self-regulation is failing https://t.co/sSwvLQG94A — Josephine … Continue reading
What will Isio mean for pensions?
Over the weekend I saw a number of my pension contacts leaving KPMG and joining Isio. I couldn’t work out what Isio was until the FT ran an article about this new consultancy launching today. If I was in the … Continue reading
Could a Local Government Pension Scheme go bust? NO
Well the answer “no” as has been explained to me by Colin Meech of Unison – who makes the following points; LA’s can not go bust in the way you suggest – they would be taken over by government … Continue reading
Posted in Big Government, corporate governance, governance, pensions
Tagged covenant, covenant assessment, KPMG, LGPS, pension, pension governance, pensions, Steve Simkins
2 Comments
Waiting for Dunkirk ; The Pensions and Benefits show #pb13.
We’ve seen the early skirmishes which have been won by large employers throwing money at the problem but our Dunkirk has yet to come Continue reading
Posted in pension playpen, pensions
Tagged Aon Hewitt, Dunkirk, KPMG, pension, Phoney War, Speed dating, Steve Webb, Towers Watson
3 Comments
Payroll folk and Pensions should be friends
Well ok, it’s not as glam as the farmer and the cowboy in Oklahoma, but there’s that same edge between payroll and pension people . This blog’s about how we’re getting it together- thanks to some lucky chancs- some serendipity! Serendipity … Continue reading
Posted in auto-enrolment, dc pensions, Payroll
Tagged Ceridian, KPMG, Logica, Magna Carta, Oklahoma, Payroll, pension, Steve Webb
3 Comments
Who cares who manages our pension funds?
Almost nine out of ten defined contribution members cannot name the funds their contributions are invested in, according to research from Standard Life. The survey revealed that, in spite of this, just under half (49%) of respondents, felt their investments reflected their … Continue reading
Some of our pensioners are unwell
I’ve not read anything so silly as this http://www.professionalpensions.com/professional-pensions/news/2105510/stv-slashes-liabilities-bespoke-mortality-exercise for a long time. If you can’t read the story via the link, KPMG are delighting in having got the STV Trustees to change their mortality assumptions after they’d collected eveidence that most of … Continue reading
Posted in corporate governance, de-risking
Tagged corporate governance, de-risking, Defined benefit pension plan, Employee benefit, Employment, Financial services, Human Resources, KPMG, Liability (financial accounting), National Employment Savings Trust, pension, Recovery Plan, STV (TV network), trustee
5 Comments
That ETV debate in full
Sometimes people’s comments on blogs are more interesting than the blog itself- this is certainly the case in a blog I wrote last week on “Enhanced Transfer Values” the thrust of which is that there are better ways to de-rsik defined benefit pension plans than by giving members cash bungs to transfer out theirguaranteed rights.
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Posted in annuity, dc pensions, de-risking, pension playpen
Tagged annuity, Cash, Daily Mail, dc pensions, de-risking, Defined benefit pension plan, DWP, Economics, Human Resources, KPMG, linkedin, Martyn Lewis, pension, Pension new, pension playpen, pensions, Peter, Peter Flanagan, Wonga.com
11 Comments
There are better ways to de-risk than ETVs
The only pension schemes which you cannot transfer out of are the Basic State Pension, State Second Pension and NEST (yes – odd that a DC plan is in that mix). Continue reading
Posted in corporate governance, customer service, dc pensions, de-risking, EU Solvency II, Liability Driven Investment, NEST, Retirement
Tagged bribery act, Cash, Compensation & Benefits, corporate governance, corporate risk, customer service, Daily Mail, dc pensions, de-risking, Defined benefit pension plan, Defined contribution plan, EU Solvency II, Human Resources, KPMG, Liability Driven Investment, Manhattan Institute for Policy Research, NEST, pension, Pension new, Pensions, Politics, Retirement, Society, State Second Pension, Stock market
13 Comments