Tag Archives: ppf

2022 action plan for pensions

2022 has dawned rosy! There is optimism that the worst of the pandemic is behind us. Cases are at an all time high but we are building immunity through vaccinations Though many will find it harder to save as real … Continue reading

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Time to deploy the PPF as a force for social good?

  This blog looks at how , following the closure of its charitable sponsor, another pension scheme is leaving the PPF and improving benefits for its members. The blog looks at the social cost of the Charity’s closure and asks … Continue reading

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The Old British Steel Pension Scheme is back from the dead!

This blog is about a minority of British Steel Pension Scheme members who either chose not to move to the new schemes or transfer benefits , or who made no decision and ended up in a scheme, heading for the … Continue reading

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Steel men had “time to choose”, the FCA has “time to change”.

It is four years since the British Steelworkers were given their time to choose between seeing their pension paid by the PPF or by a newly constituted pension scheme now called New BSPS. But this decision was overshadowed by a … Continue reading

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Sharon Bowles has thrown the Minister a lifeline, he should grab it with both hands.

  The DWP is in an awkward spot over the funding of defined benefit pensions. The 130 responses to its regulator’s consultation paper are likely to be making uncomfortable reading to those scrutinizing them in Brighton and the Pensions Minister … Continue reading

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Why Steelworkers should question this pension buy-out.

  News that Pension Insurance Corporation (PIC) has rescued those former members of the British Steel Pension Scheme who are currently in the PPF assessment period has been widely promoted by PIC’s financial PRs and got some  favourable coverage in … Continue reading

Posted in age wage, BSPS | Tagged , , , , , | 10 Comments

What will be the Government’s pension agenda for 2021?

This article is about the DWP’s pension policy agenda and my view of what matters to the Pensions Minister and his department. Opperman has shown considerable leadership in recent years and my view is that he is in a strong … Continue reading

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A sense of proportion; (Keating and Clacher on insolvencies and the PPF)

In this article, Keating and Clacher consider corporate insolvencies and their impact on the PPF – they call for a sense of proportion. Last year DB pension schemes paid £65 billion in pension benefits to pensioners; the PPF paid £775 … Continue reading

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Weathering the Storm

Iain Clacher & Con Keating As part of our Funding Code research, we searched for academic or practitioner papers covering long-term expected returns forecasts. We were particularly interested in the ex post accuracy of these forecasts. We found none which … Continue reading

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Ros Altmann on Pension Stripping (and much more)

I have resisted commenting so far, but feel that, having been at the helm of the ‘Stripped of our Pensions’ campaign to get Government to compensate people who lost their entire pension after a lifetime of contributions and successive official … Continue reading

Posted in actuaries, advice gap, pensions, Ros Altmann | Tagged , , , , , , | 7 Comments