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Tag Archives: Surplus
Derek Scott and his part in the creation of the Mineworker’s surplus
I should put some context to the comment below, made by Derek Scott after he had read my article about putting the £15bn surplus in the PPF to work. There seem two types of surplus in UK DB pensions, those … Continue reading
Posted in pensions
Tagged Derek scott, Ephemeral, Mineworker, pension, pension surplus, real assets, Scheme, Surplus
1 Comment
Isn’t there such a thing as over-regulation? Not with DB pension schemes it seems.
We have a Pension Protection Fund with a surplus that is obscene compared with what that money could do in this country. We have a regulatory regime that means that Defined Benefit pensions are still funded on the most conservative … Continue reading
I’m glad a CDC scheme can’t have a surplus or a deficit.
For as long as I’ve been a pension consultant the discussions have focussed on the funding of defined benefit schemes. Over the past 40 years we’ve swung from surplus to deficit to surplus (where we are now). Each time we … Continue reading
Mallowstreet argue that DC members “might have a claim to DB surplus”.
This reinforces what I have been saying, though I’m not sure that trustees are legally obliged to do anything. The word “must” is maybe a little strong for trustees, the word “claim” a little strong on DC savers! Here’s Sandra’s … Continue reading
BP Targets £4 billion UK Pension Fund Surplus – Blocks Trustee for Fifth Consecutive Year
There are few things that annoy me more in pensions than the behaviour of BP’s management in blocking the Trustee’s wish to distribute part of its substantial surplus to members. BP pensioners will be out in force at BP’s AGM … Continue reading
Surpluses will make “employers see DB schemes as long-term assets”
It’s good to see a volte-face from a firm of consultants that has been rock-hard supporters of buy-in and buy out since schemes swung back from deficit and into buy-out territory. But this Bill has been on their desks these … Continue reading
Common sense should win through and pensions should not repeat past follies
The headline seems a disaster for pensions. The ABI and those preying on open DB pensions, are quick to point to the need to insure away the risk of pension paying people deferred pay in later life. If you had … Continue reading
Members of the BP pension still wait for promises to be paid
“Although BP have yet again refused a discretionary increase, the fight goes on. We are waiting for a Pensions Ombudsman ruling, but fully expect it to take several more months. Who knows what the outcome will be, but we are … Continue reading
Posted in pensions
Tagged BP, Distribution, Malcolm, Malcolm McClaren, pension scheme, Surplus
1 Comment
Your £50k pension surplus negotiable with your DB trustees and the boss!
Yesterday I sat through a day in the City listening to insurers talking about the safety of giving them your money while everyone else wanted to talk about what to do with the surplus funds not needed to pay the … Continue reading
Posted in pensions
Tagged BP, Jonathan Guthrie, pensioners, Pensions, Stagecoach, Surplus
3 Comments
Thoughts of accountants on the use of Pension Surpluses in DB
Pensions Oldie is I think an accountant. Here are his thoughts following my blog on employer strategy from Hymans Robertson Pension Oldie I agree that the webcast is an excellent review of the current position and the matters to be … Continue reading