Tag Archives: ppf

Don’t blame pensions for corporate mismanagement


The FT has come up with some excellent research on why pensions find their way into the Pension Protection Fund. It has discovered that a substantial proportion of the so-called “pension failures” over the past ten years, resulted from sale … Continue reading

Posted in Pension Freedoms, pensions, Pensions Regulator | Tagged , , , , , , | 8 Comments

Narrowing the range of thought…


I get back from a few days in the North East to this headline in Corporate Adviser First Actuarial versus the world: DB’s glass half full or half empty? (you can read the article on the link at the bottom) … Continue reading

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Plugging phoney deficits does no good!


We have become fixated with phoney pension deficits, now a British pension consultancy is suggesting we can plug phoney deficits with real money, the dividends that support “other people’s pensions. This is what we think of the phoney deficits. Our … 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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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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Con Keating on the real cost of pension transfers


  Imagine buying a bond at par, say a ten-year, ten-percent coupon issue; then let five years pass, when market interest rates decline to one percent. At this time, the bond is trading in the market at £143.68 percent. Now, … Continue reading

Posted in Pension Freedoms, pensions, Retirement, trustee | Tagged , , , , , , | 5 Comments

Looks like a bolshy new year!


Welcome to 2017 , I’m in a bad mood! I have been struck down with tummy problems and did not join in last night’s festivities. I open my inbox this morning  –  this is what I find! The time for seasonal … Continue reading

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Property (and who owns it)


Something out of nothing Two distantly related matter are troubling me this morning. The first is the ownership of intellectual property and the second the ownership of a shower cubicle. Let me talk about the shower cubicle first. I was … Continue reading

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Happy Christmas – VAR is over.


The conventional approach to pension scheme asset management has been a powerful instrument of mis–education. Consultants and trustees are taught about matching assets to liabilities, the use of standard deviation and the Brinson axiom. They may be told something about … Continue reading

Posted in advice gap, pensions | Tagged , , , , | 3 Comments