Tag Archives: ppf

Pension schemes hold record surplus


  First Actuarial reveals a record surplus in its First Actuarial Best estimate (FAB) Index. The FAB Index – which provides the aggregate position of the UK’s 6,000 defined benefit (DB) pension schemes calculated using the best estimate expected return … Continue reading

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Are you feeling DC sick?


Joy for DB is pain for DC!   I am sure I am painting too simple a picture and that I’ll be whacked over the head by my learned colleagues, but the general jubilation breaking out over UK pension scheme … Continue reading

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A measured look at Carillion’s pension problems from Adrian Duncan


  Carillion Plc (Carillion) Shareholder Dividends vs. Pension Deficit Repair Contributions (DRC) – who is responsible for this mess? I thought it would be useful to use the recent Carillion collapse as a case study in determining the complex problem … Continue reading

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BSPS – a big win – but at what cost?


  It now seems quite certain that the New British Steel Pension Scheme will happen and that it will be populated by the majority of members of the current British Steel Pension Scheme. In announcing the results of “Time to … Continue reading

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Don’t panic about Carillion’s pensions.


The fate of Carillion as a company is in the balance. Up to 20,000 jobs are at risk. Bond and equity holders are likely to lose substantial sums. Carillion driven projects are likely to suffer and 28,000 members of Carillion … Continue reading

Posted in pensions, Pensions Regulator, Retirement | Tagged , , , , , | 8 Comments

30,000 is a lot of people.


At Wednesday’s hearing of the Work and Pensions Select Committee, Allan Johnston (Chair of the Trustees) told us that there were some 30,000 people who had yet to submit their option to BSPS in their Time to Choose. Although he … Continue reading

Posted in BSPS, drawdown, pensions | Tagged , , , , , | 7 Comments

“Best of TPAS-Best of MAS”; here’s your starter for 10!


Best of TPAS – best of MAS It’s good to hear that people with money problems will now get a “best of MAS/best of TPAS” service, ( what this press release is alluding to).   The Money Advice Service (MAS) and … Continue reading

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“Spanish steps” – ideas on pension funding from Jon Spain.


Jon Spain is an eccentric brilliant actuary who has worked for many years worked at the Government Actuary’s department. I am proud he has asked me to provide a précis of his response to Charles Cowling’s Sessional Paper to the Institute … Continue reading

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“Certainty and Security”; a message for British Steel Pensioners.


This is a message to British Steel Pensioners who may be feeling uncertain about the  British Steel Pension Scheme. The message is simple, you have two secure options, the BSPS2 and the PPF, for most of you BSPS2 will be … Continue reading

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Practical help for practical people- what we hope to do for BSPS members.


What Al Rush and I are up to I’ll be taking up to a week off over the next fortnight – partly because I have to and partly because I relish the opportunity of scooting around the country doing what … Continue reading

Posted in advice gap, BSPS, pensions | Tagged , , , , , , , | 7 Comments