Tag Archives: KPMG

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 , , , , , , , | 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 , , , , , , , | 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 , , , , , , , | 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

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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 , , , , , , , , , , , , , | 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 , , , , , , , , , , , , , , , , , , | 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 , , , , , , , , , , , , , , , , , , , , , , , , | 13 Comments