Tag Archives: pensions

We don’t believe in “experts” anymore


The phrase in the title is a favourite of my boss – Hilary Salt – if you read this on holiday in California –   Nothing convinces me more that experts are not to be trusted than my being called a … Continue reading

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Is there really a “fail” at the Royal Mail?


  The Royal Mail is consulting with its staff on closing its final salary scheme to future accrual. This is a public consultation, the Royal Mail are putting it to their staff that an increase of pension contributions to 50% … Continue reading

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Andy Young OBE


Andy Young – an outstanding actuary! One of the less sung OBE’s awarded in this year’s honours was to Andrew Young. Andrew is a friend of mine and a friend to this blog. I am not sure that is this … Continue reading

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Transfer heaven or transfer hell?


Saturday kitchen’s binary dilemma informs on the “stampede” for a defined benefit transfer value (CETV). Those who still have this option have been offered as much as 40 times the prospective pension as cash payable to an approved pension. With … Continue reading

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FABI – taking the crisis out of pensions!


It is now three months since we launched our First Actuarial Best estimate Index (or FAB Index for short). It has generated a significant amount of interest amongst our clients and across the wider pensions industry – and has even … Continue reading

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The Alice in Wonderland world of pension deficits.


FTSE grows, deficits up? The first business day of the month is pension horror month where JLT announce new angles on the disastrous state of our Defined Benefit schemes. Deficits actually fell last month but JLT still managed to report … Continue reading

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2017 – a year when workplace pensions will grow up!


Restoring confidence in pensions 2017 has dawned on a different pension landscape . There are more than twice as many employers participating in workplace pensions as at any time in British history, the stock market is at an all-time high … Continue reading

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Five moral reasons I didn’t take my DB transfer.


Jo Cumbo (my journalist of the year) has finished 2016 with a fascinating article on what (her sub editor?) describes as “a stampede to cash in gold-plated final salary schemes“. I felt angry – a little bit “dirt” when I’d … Continue reading

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Fundamental concern with pension regulation.


Con Keating on the political economy of UK pension scheme regulation John Woods’ paper “The political economy of UK pension scheme regulation” should be read closely, and repeatedly in both the FCA and the DWP, and used to inform their … Continue reading

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Stocks as good as bonds – says top prof!


  Top prof Mike Otsuka has had enough of his mega pension fund’s investment strategy. In this post he hits out at the USS and calls for members to join him. His article references John Woods’ neglected paper that debunks … Continue reading

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