Tag Archives: valuation

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

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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

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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

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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

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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 , , , , , , | 5 Comments

A Christmas present for UK pension plc


The Pension Protection fund published its monthly update on Tuesday. The news slipped out quietly (as good news generally does). The aggregate deficit of the 5,794 schemes in the PPF 7800 Index is estimated to have decreased over the month to … Continue reading

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