Tag Archives: Surplus
Why have a Surplus Distribution Plan? – Peter Cameron Brown
Those who attended Pension PlayPen’s coffee morning yesterday (24/10) will have been treated to a high-powered discussion on surplus distribution from the panel and from Peter Cameron Brown, Chair of UKAS trustees and a leading figure in financial reporting. Peter … Continue reading
DB surpluses are not “the golden opportunity” of the Mansion House reforms.
WTW (as we now must call Willis Towers Watson) have identified the use of surplus as conclusive to the WTW perspective ( a four page PDF which finishes with this call to action). It would have been as unimaginable for … Continue reading
A pension surplus is of little use to an employer – it should stay that way!
This is how the DWP introduces the question of surplus funding in its consultation on options for defined benefit schemes. Incentives for employers to invest for surplus are currently quite weak. Employers have little to gain from any surplus, … Continue reading
John Lewis’ pension expected to show a surplus
John Lewis staff pension fund drops by £2.8 BILLION Pension assets slump puts pressure on John Lewis John Lewis Partnership defended the financial strength of its pension fund this weekend after it emerged that the market value of its pension … Continue reading
Why pensions need a shift from a deficit to a surplus mindset.
This blog is written as a tribute to Stefan Zaitschenko whose positive mindset has meant that his fellow pensioners have been awarded a bonus of £57m. Stefan thinks positively about pensions and is an example to us all. From deficit … Continue reading
Pension Deficits (and Surpluses) – where do you stand on #FABI ?
Rather than kick off with the FAB index this month, I thought to promote the response it’s publication this morning has received. On the one hand there is Paul Lewis, who (for me) stands for common sense and the ordinary person. … Continue reading
Posted in First Actuarial, pensions
Tagged CDC, DB, Deficit, defined benefit, FABI, John Ralfe, Paul Lewis, pensions, Surplus
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Pension schemes hold record surplus
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
What now for the new BSPS and its members?
I was sent an announcement yesterday about the new British Steel Pension Scheme. It’s a complicated message and I’ve tried to add comments that explain what each paragraph means in a little easier way. My comments are in green. They … Continue reading
Pension deficits down/up- last month/yesterday -WHATEVER!
PWC have published their monthly survey of the state of British pension funds. It shows that pension fund deficits have fallen markedly, not because lots of pensioners have died, or because the stock market went through the roof, but because … Continue reading