Thanks for your reply. I hope it does successfully "embed both the real rate and expected inflation in one number".…
Scheme actuaries use a nominal gilt yield curve, which they assert directly matches the currency and inflation exposure of those…
"prefers to compare the returns with a liability proxy (a mixture of gilt maturities)" Are those Index-Linked gilts, given that…
I agree the major problem with DC is that it has been designed as a savings plan not to provide…
Tag Archives: triple lock
“The triple lock has become unsustainable, but it needs a bold politician to break it.”- the FT
The view of the FT is important to its readers that include parliamentarians and civil servants. It has a powerful voice that needs a wider audience.
The state pension increase – thoughts from an actuary who knows!
Those of you who read my blog a lot will know that there is only one person who knows the state pension who is an actuary and a pension expert. I will not name him but this is his response … Continue reading
Do the Euro-Populists Have a Plan for Retirement Finance? John Mitchem.
John Mitchem considers a growth of liabilities from the elderly on the states of Europe There is not space here to reproduce the 18 pages of this report but here is the overview. The report deals with the particular problems … Continue reading
Triple Lock Revisited : Approximate Costs over 15 Years From 2024/5 -Jon Spain
Revisited : Approximate Costs Over 15 Years From 2024/25 Outline understanding large numbers triple lock background major UK state expenditure 2024/25 UK state pension pensioner population triple lock definition wages growth prices growth random numbers used results conclusions Understanding … Continue reading
“Nothing new”on the triple lock is – “big news!
It amazes me that we find the triple lock front page news when we voted in a Government two years ago who clearly said there would be no change in how the state pension this parliament. There are three things … Continue reading
Posted in pensions
Tagged annuity, CDC, DB, dc, defaults, private pensions, state pension, triple lock
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Webb says we need the triple lock because private pensions aren’t taking up the strain
Steve Webb isn’t afraid to hold back and though he recognises that the triple-lock isn’t sustainable, he sees no alternative to continuing it right now for people who are ill-served by private pensions. In short, a decent state pension remains vital because … Continue reading
It’s the same the other side of the pond; many older people can’t make ends meet
I have made the point before and will, I’m sure, make it many times to come. People when they retire, lose their work income and switch to income from investments which they think of as their pension. That money can … Continue reading
Posted in pensions
Tagged Getting Fired, Investment, Pensions, Retirement, state pension, triple lock
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Can we afford the triple lock on our state pension?
Last week I commented on the choice that the Pensions Minister has over whether to promote the triple lock, retain the current state pension age or do both, Here are younger voice. My friend Andy Young had privately reproved me … Continue reading
McPhail; “don’t rely on state pension if you’re young”.
The state pension in its current form is unsustainable, both fiscally and politically. I don’t think it should be scrapped but its inexorable upward increase has to be curbed. Over time, its value should drop back and means-tested post retirement … Continue reading
Great to see you put the correct positive gloss on this change. Pensions were never intended to be a means…