Tag Archives: PPF7800

Has it really come up roses for UK’s private sector DB schemes?

Posted on May 10, 2023 by henry tapper

The rosier funding position for UK private sector DB schemes marks a massive shift from 2019, when there were 3,089 schemes in deficit and 2,361 schemes in surplus, according to the PPF index. — Josephine Cumbo (@JosephineCumbo) May 9, 2023 … Continue reading →

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Pension schemes hold record surplus

Posted on May 18, 2018 by henry tapper

  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 →

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The ABI goes FABI on claims!

Posted on March 20, 2017 by henry tapper

    Readers of this blog listening to the ABI’s Huw Evans on Wake up to Money, may have been spluttering into their tea and biscuits! The ABI are faced with a cut in the discount rate used to calculate compensation … Continue reading →

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DB pensions; experts are the problem, people are the answer.

Posted on January 19, 2017 by henry tapper

  The best thing (for me) about going to the international Longevity Centre’s launch of their study of DB deficits was John. I’d seen him when I walked into the committee room in the House of Lords, he had his … Continue reading →

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FABI says “no no” to the deficit yo-yo!

Posted on January 12, 2017 by henry tapper

The First Actuarial Best-estimate Index (FABI) continues on a more predictable flight. An actuary speaks! Rob Hammond, who oversees the number crunching behind FABI says: “Yo-yo deficits do nothing to restore people’s confidence in their pensions. FABI paints a truer … Continue reading →

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FABI – taking the crisis out of pensions!

Posted on January 4, 2017 by henry tapper

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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Strange ideas – Con Keating debunks pension’s received wisdom

Posted on November 14, 2016 by henry tapper

A number of extremely strange beliefs have emerged in the course of correspondence arising from earlier articles that introduced methods for the evaluation of pension liabilities which do not invoke any external factor. Take the idea of using market prices … Continue reading →

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Two months in and FABI makes its point

Posted on November 11, 2016 by henry tapper

While other indices see wild volatility in the deficit positions of the PPF7800, the FABI index is already showing the material advantage of a smoothed approach to valuations. To put it in behavioural terms, you don’t have to popping champagne … Continue reading →

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Doesn’t pension freedom extend to Defined Benefits?

Posted on October 18, 2016 by henry tapper

The debate about the assumptions we use to decide the state of our defined benefit schemes is in full swing. On the one hand you have those, like John Ralfe who use an approach which ensures that there’s always enough … Continue reading →

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