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Meta
Tag Archives: risk sharing
Pension risk sharing – a bright idea for Labour
It is now 25 years since this country was introduced to “stakeholder economics” – the concept that Government could engender a more friendly form of capitalism where profits were shared more equitably between stakeholders – including workers and consumers. This … Continue reading
Posted in pensions
Tagged Keir Starmer, Labour, Matt Rodda, Pensions Minister, risk sharing
1 Comment
Risk sharing – a trouble shared or simply squashed?
What do we mean by risk sharing? My friend Con Keating has criticized me for advocating CDC as a scheme for pensioners only telling me that there is no risk-sharing between a 65 and 95 year old because they have … Continue reading
On risk management in CDC schemes
This is a blog in two parts. The first section covers the design of risk-sharing rules which maintain intergenerational fairness among CDC scheme members. The second part marries those rules with the statutory annual viability valuation. It is self-evident that … Continue reading
CDC – sharing risk in a bear market
This post is by the author of “launching CDC into a bear market” and again shows how CDC delivers a robust return in a bad times (a bear market). It does so by sharing risk and informs modelling by Aon … Continue reading
A good day for pensions, a good day for the DC upgrade.
We will know we have a solution when we don’t need guns. Overnight I heard the President of the United States deliver his solution to the gun crisis in American schools. To prevent more mass shootings, Donald Trump suggested that American teachers … Continue reading
Posted in CDC, pensions
Tagged CDC, DC upgrade, Frank Field, pensions, risk sharing, Royal Mail, Work and Pensions Select
2 Comments
What is CDC and does it matter?
Collective Defined Contribution Schemes (CDC) are back in the news. There are two reasons for this The Workplace and Pensions Committee have set up an enquiry into CDC Royal Mail and the CWU intend to move to a CDC basis … Continue reading
Posted in CDC, dc pensions, de-risking, defined ambition, pensions
Tagged CDC, dc, Defined Ambition, pensions, risk sharing
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FCA- Outcomes for DC savers will improve when we resume sharing risk!
The FCA has asked for response to it’s Retirement Outcome review, NEST have shared their response with the FT which reports NEST saying that, without “the right support structures in place”, it was “extremely concerned” its 5m members may run out … Continue reading
Posted in CDC, pensions
Tagged CDC, DB plans, pension, pensioner, Retirement outcomes, risk sharing
4 Comments
Pension Risk Sharing – they’re all at it but us!
Japanese CDC is coming @JohnRalfe1 @markjrowlinson @WillJAitken @henryhtapper https://t.co/e9D2UClhBR — Sam Pickford (@pickfos) June 2, 2017 Oh dear! News that the Japanese have gone all defined ambition did not go down well. Infact it went down like Japanese Knotweed at … Continue reading
Posted in actuaries, advice gap, pensions
Tagged BSPS, CDC, CWU, Defined Ambition, pension, pensions, risk sharing, Ros Altmann, Royal Mail, tata
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Don’t blame us punters for “unadvised drawdown”- give us an alternative!
Back in 2014, in the lead up to the launch of the pension freedoms, I wrote a blog on the perils of unadvised drawdown. I predicted then , what we see today, a large number of people trying to … Continue reading
Posted in pensions
Tagged alternative, dc, FCA, pensions, punter, risk sharing, unadvised drawdown
3 Comments
Learning to live from what’s in the (pension) pot
Today’s the red letter day for the Pension Regulator (and to a lesser extent- the Pension Protection Fund) , when they find themselves under the scrutiny of the DWP Select Committee. In question is the competence and capability of both … Continue reading
Posted in CDC, pensions
Tagged CDC, Pension Protection Fund, risk sharing, target pension, The Pension Regulator, TPR, UNISON, Unite
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