Tag Archives: LDI

Diversity, Narratives* and Pensions (Con Keating)


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


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)


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?


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!


  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


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


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


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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Money worries


She asked me to imagine her situation by thinking about mine. “Imagine”- she said, “what you have promised to pay for in the next twenty years”. Continue reading

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Putting clients first- First Actuarial


You can’t get people lower down the corporate food chain to “treat customers fairly” if the customers aren’t the first priority of the people at the top.

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