"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…
Oh, and I think this confusion leading to DB being viewed as a pot by members is an unintended consequence…
I think the FT critic has fundamentally misunderstood what DB schemes are designed to do and how they differ from…
Tag Archives: USA
The land of the (pension) free
As I cleared immigration this morning, the chap charged with checking my travel authorisation asked me.. “so how are we doing over here?” I looked blankly.. “it says here you’re a pension consultant – how we doing?” To the … Continue reading
Posted in pensions
Tagged dc, Happiness, land of the free, My way, New York, pension freedom, USA, Wealth
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Defined Ambition – the way to properly sort UK pensions
Defined ambition is no more or less than this; it is a way of turning round systemic problems with our pensions. For DB it is about salvaging something from the wreckage created by the unfettered growth in guaranteed benefits that … Continue reading
Posted in pensions
Tagged Ambition, Business, Erisa, Financial services, National Employment Savings Trust, pensions, Safe Harbour, Society, Steve Webb, USA
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Define your aspiration.
Last week, the brotherhood of DB and DC pensions got a little sister when Steve Webb introduced the prospect of DA to the family. There is nothing new about the search for a third way, indeed it is the pensions equivalent of the … Continue reading
Two and a half cheers for UK pensions
The other man’s grass is always greener or so it would seem if you work in the UK pension industry. Over the years we have got used to a succession of overseas dignitaries visiting our shores, speaking at our conferences and … Continue reading
Posted in mallowstreet, NEST, pension playpen, pensions, redington, Retail Distribution Review, Retirement, Treasury
Tagged Financial Assistance Scheme, Institute of Actuaries, mallowstreet, NEST, New Zealand, pension, Pension new, pension playpen, Pension Poverty, Pension Protection Fund, pensions, Pensions, Politics, Public Sector Pensions, redington, Retail Distribution Review, Retirement, Royal Society for the encouragement of Arts Manufactures & Commerce, Royal Society of the Arts, South Africa, The PEnsion Regulator, Treasury, United States, USA
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Scheme actuaries use a nominal gilt yield curve, which they assert directly matches the currency and inflation exposure of those…