Scheme actuaries use a nominal gilt yield curve, which they assert directly matches the currency and inflation exposure of those…
"prefers to compare the returns with a liability proxy (a mixture of gilt maturities)" Are those Index-Linked gilts, given that…
I agree the major problem with DC is that it has been designed as a savings plan not to provide…
Oh, and I think this confusion leading to DB being viewed as a pot by members is an unintended consequence…
Tag Archives: #pensions
Thanks LCP – you’re finding that for four in five of us – pensions mean pensions.
LCP head of CDC Steven Taylor said: “Our poll results were clear: member outcomes are the ultimate benchmark for success. CDC schemes will offer low and moderate earners in particular the security of a predictable income in retirement – without … Continue reading
Into my 65th year a very lucky boy! May we deliver pensions for my generation and the next
The week beginning 10th November will be an odd one for me. Work Today and every day I will be thinking about the fabulous things that are happening in UK pensions. My desk is full of numbers and thoughts on … Continue reading
At last a plan for all pension schemes to pay pensions.
The shot is of Terry Pullinger speaking at a First Actuarial Conference many years ago. He , one company (Royal Mail), and a few enlightened advisers got CDC going. This blog is a reminder of where what we are enjoying … Continue reading
Posted in pensions
Tagged #pensions, CD, CDC, DB, dc, dc pensions, DWP, Government, Pensions
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We don’t need austerity, we need to invest and grow
Martin Woolf has produced an econium to growth and posted it in the FT. People care about their standard of living. Democracy is simply far stronger if it is possible for everybody to become better off. Growth provides that. … Continue reading
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Tagged #pensions, Business, Ecopnium, Employment, Government, growth, Investment, Martin Woolf, pension, Pensions, Tax, Treasury, workplace Pensions
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Blackmore Bond Holders will get FSCS claims paid – Carlier.
A background blog from 2022 is available here. How the FCA failed those sold Blackmore Bonds . It took strong campaigners to make a difference, congratulations who were strong and have. Paul Carlier is a strong advocate for transparency, fairness … Continue reading
Pensions at a policy crossroads?
Headlines like this are a bit shouty and the event I went to yesterday afternoon was not shouty at all. In fact it was very good. A privilege and a thankyou I am not a client of “Hogan Lovells” and … Continue reading
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Tagged #pensions, annuity, auto enrolment, corporate governance, DWP, Financial services, Government, HL, Hogan Lovells, pension, Pensions, Retirement
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Virgin Media – what was all the pension fuss about?
There has been a lot of hot air expended and I fear a lot of money spent by trustees, scheme managers, lawyers and actuaries working out whether a DB pension scheme is invalidly changing things because it failed to do … Continue reading
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Tagged #pensions, Actuarial certificate, contracting out, Pensions, Virgin Media
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Compact or Mandate – is Government violating our pension’s property rights?
Josephine Cumbo is running a thread on Linked in which is an interesting take on this country’s view on the Government’s intervention over how investment in pensions should have a bias towards UK stocks and in particular growth stocks likely … Continue reading
DB Pension Scheme Transaction Transparency and Scrutiny – Baker Hughes (2)
I’m a words man. William McGrath is a numbers man, I think we are both humanists, we value human happiness over corporate profits. So William has responded to my well read blog this week about Baker Hughes’s inhumanity with this … Continue reading
Please pay a reliable pension and allow us to choose to spend or save it!
Professionally I am interested the wage feel is coming in when age changes their lives. That is why I called my company AgeWage though I have a less serious company called Pension PlayPen which considers while messing around, what can … Continue reading
Thanks for your reply. I hope it does successfully "embed both the real rate and expected inflation in one number".…