Tag Archives: ppf

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

Are you feeling DC sick?

Posted on February 14, 2018 by

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 →

Posted in CDC, pensions | Tagged , , , , , , | 3 Comments

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

Posted on January 31, 2018 by

  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 →

Posted in Carillion, pensions | Tagged , , , , | 5 Comments

BSPS – a big win – but at what cost?

Posted on January 30, 2018 by

  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 →

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

Don’t panic about Carillion’s pensions.

Posted on January 15, 2018 by

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.

Posted on December 15, 2017 by

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!

Posted on November 28, 2017 by

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.

Posted on November 20, 2017 by

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 →

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