Tag Archives: ppf

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

Posted in Big Government | Tagged , , , | 2 Comments

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

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

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

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

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

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

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

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

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

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