Tag Archives: ppf

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

Posted on September 24, 2020 by

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 →

Posted in actuaries, advice gap | Tagged , , , , , , | 1 Comment

Weathering the Storm

Posted on September 13, 2020 by

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 →

Posted in actuaries, advice gap, age wage, pension genome, pensions, risk | Tagged , , , , , | 2 Comments

Ros Altmann on Pension Stripping (and much more)

Posted on August 12, 2020 by

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

“He that hath ears to hear, let him hear.”

Posted on May 29, 2020 by

I am very pleased that Con Keating and Iain Clacher’s recent article has got so much attention , both in terms of readers and in terms of social media comment. Though I am one of those who thinks the Pension … Continue reading →

Posted in actuaries, Big Government, coronavirus, pensions | Tagged , , , , , , , , , | 5 Comments

2019 was not a year to hedge your bets

Posted on December 29, 2019 by

As the decade closes , it’s a time to look back as well as forward. For the vast majority of us, our financial health depends on valuations of assets the price of which we cannot directly control. We may build … Continue reading →

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The PPF could grow up a (C)DC lifeboat

Posted on December 24, 2019 by

One of the enduring features of the last ten years is Andy Young texting me “this is all getting too much, I think I’m going to retire”. Among the many things that Andy has created – he is a great … Continue reading →

Posted in CDC, pensions, Public sector pensions, responsible investing | Tagged , , , , | 13 Comments

The day the PPF turned day-glo

Posted on December 20, 2019 by

It’s not often that the phrase “lost in translation” is more than a glib cliche , but yesterday’s *fake news* on the impending catastrophe from the ECJ ruling on the PPF has given if fresh currency! The breaking news was … Continue reading →

Posted in pensions, punk | Tagged , , , | 4 Comments

Rudd’s posturing – no help at all

Posted on February 10, 2019 by

When BHS went belly up, this blog pointed the finger of blame at Philip Green for putting dividends before the pensions of the staff who earned him them. Green coughed up over £350m and the BHS pension scheme restructured into … Continue reading →

Posted in pensions | Tagged , , , , | 4 Comments

What do we do with pension good news?

Posted on August 12, 2018 by

. Despite taking on pension schemes from employers including Carillion, Toys R Us and Hoover, with deficits totalling £1.2 billion – the highest total value to date, the PPF’s funding position has strengthened. The PPF has reported a continued growth … Continue reading →

Posted in pensions, Pensions Regulator, Politics | Tagged , , , , | 6 Comments

Pension schemes hold record surplus

Posted on May 18, 2018 by

  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 →

Posted in pensions | Tagged , , , , | 1 Comment