Tag Archives: LDI

We save for certainty – what LDI can learn from Funeral Plans

Posted on July 7, 2017 by

  There’s controversy over the management and sale of Funeral Plans this morning. Fairer Finance report that many plans are simply no good and that this is often because they pay commissions of up to £1000 to those who sell … Continue reading →

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The value to me of “set and hold”!

Posted on June 27, 2017 by

  The FT is masterful with understatement. A 2% charge can take quite a chunk out of the overall portfolio return If your predicted investment return is (say) inflation +3%, having to earn 2% to pay your investment manager, custodian … Continue reading →

Posted in actuaries, advice gap, pensions, pot, Treasury | Tagged , , , , , , | 2 Comments

Diversity, Narratives* and Pensions (Con Keating)

Posted on January 20, 2017 by

This blog first appeared in Professional Pensions, if you’ve read it before, read it again. “What we observe is not nature itself, but nature exposed to our method of questioning.”    W. Heisenberg, Physics and Philosophy: The Revolution in Modern … Continue reading →

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Insuring too much for living too long

Posted on January 18, 2017 by

I went to an interesting debate this morning about the DB deficit crisis (what crisis?). A number of interesting things emerged, such as a statement that a pension scheme cannot get a real return on its investments. I looked at … Continue reading →

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“Sunspots” (Con Keating)

Posted on January 11, 2017 by

Although not at this week’s Pension PlayPen lunch, Con asked for an account of the conversation; I mentioned that those in the room were pleased that schemes owning large amounts of index-linked gilts, had enjoyed bumper returns last year. It … Continue reading →

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End of the road for LDI?

Posted on January 10, 2017 by

Thanks to those brave souls who braved “Southern”, the tube strike and filthy weather to attend yesterday’s lunch which asked “has LDI had its day?”. One answer to that question was clear, I learnt that the top performing asset class … Continue reading →

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Cheer up this strike’n’ing Monday with good cheer at the Playpen lunch!

Posted on January 9, 2017 by

  For many of us, this will be the first working Monday since December 19th. Christmas and New Year holidays have immunised us against the Monday morning blues. So a return to work for Londoners that includes the ongoing disruption … Continue reading →

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Con Keating reviews Dawid’s latest blog

Posted on October 9, 2016 by

For those interested in these things, the polarised positions of Dawid Konotey Ahulu and Con Keating represent the best articulated statements of the pension deficit funding debate. Dawid’s latest contribution can be read here. This review has not been solicited – … Continue reading →

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What can go wrong now? Pension Play Pen 2015 risk register

Posted on January 6, 2015 by

The Pension Play Pen London Lunch Group met for the 62nd consecutive month to establish a Pension Risk Register for the UK in 2015. This might be considered ambitious for an hour long session, not least as our conversation competed … Continue reading →

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Self-serving nonsense from the City on LDI DC pensions

Posted on May 31, 2012 by

Apparently what the City would like to serve up to us to sort out our woeful DC pensions is a wonder drug called LDI. I read “with interest” that More than half of the pensions industry feels that the liability-driven investment techniques … Continue reading →

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