Tag Archives: valuation
The Token will open up private markets for pensions benefiting pensioners
I have recently posted about tokenification work being done by Smart and Mobius, Octopus to put investment administration on the blockchain. Now let’s look at a prospect that opens an investment of nautical infrastructure to institutional investors asd-sco-introduction-december-2025-1-pdffrom Henry Tapper … Continue reading
Posted in pensions
Tagged Arrow, blockchain, Con Keating, Merchant of Venice, Pensions, valuation
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Should Pension Schemes Ditch Gilts?
Yesterday saw the implementation of the funding code, tomorrow may see it rewritten We are fast approaching the Mansion House Speech (Thursday) when we can confidently expect Government to address the issue of valuing and funding defined benefit pension schemes. … Continue reading
USS shows its workings – including a £16bn fall in assets in a single year
The USS has published its April 2023 Valuation Technical Provisions which can be downloaded here You can read them on the presentation at the bottom of the document (without a title page). Well done USS for sharing them. The headline … Continue reading
Sam Marsh tweets about the (non-existent) 2021 USS valuation
Sometimes twitter throws up a thread that draws you from tweet to tweet in a way that a long blog can’t. This thread from Sam Marsh is an example. It is an exercise in controlled fury at the ineptitude of … Continue reading
The other way to value DB schemes- Clacher and Keating.
DB scheme value Valuation – the long way round Our blog (May 28th) calling for a bonfire of pension regulation led to a surprising amount of interest and a wide range of questions and even some requests for expansion … Continue reading
Posted in accountants, actuaries, advice gap, de-risking, pensions
Tagged Car, Con Keating, Contractual accrual rate, DB, defined benefit, Iain Clacher, valuation
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Don’t make the teachers pay
I am sad to read that “academics face a big rise in their pension payments”. That’s the headline in the FT and it may be true. Another set of spurious numbers? The University Superannuation Scheme has completed it’s three … Continue reading
Posted in accountants, actuaries, advice gap, pensions
Tagged Actuarial, chicken licken, Frank Field, pensions, Teachers, USS, valuation
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A message to USS members from Bill Galvin
This message went to members of the University Superannuation Service pension scheme last week. It contains many of the message that this blog has tried to put over (rather better!). It also provides an answer to the question of … Continue reading
The £1 Trillion Gain From Dumping Pension Convention
You wait ages for one to come along then two come along at once. Not buses, but reports disrupting established thinking on how we value pension liabilities. Nikesh Patel, Head of Investment Strategy UK & Maya Beyhan, Investment Strategist at Kempen Capital … Continue reading
Posted in pensions
Tagged Discount rate, Fab Index, FABI, gilts plus, Kempen, pension, pensions, Superflat, valuation
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Isn’t life looking up for our DB Plans?
Say it quietly but the outlook for our defined benefit pension schemes is improving. Members , trustees and sponsoring employers can be heartened by five concurrent signals – all of which suggest that the cataclysm predicted last year by … Continue reading
Posted in pensions
Tagged CETV, FABI, mortality, pension, pensions, risk-free, Technology, valuation
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Con Keating on the real cost of pension transfers
Imagine buying a bond at par, say a ten-year, ten-percent coupon issue; then let five years pass, when market interest rates decline to one percent. At this time, the bond is trading in the market at £143.68 percent. Now, … Continue reading
Posted in Pension Freedoms, pensions, Retirement, trustee
Tagged Bond, CETV, Con Keating, ppf, Transfer, TV, valuation
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