Tag Archives: William McGrath

Bulk Annuities : Protecting pensions? William McGrath asks “from what exactly?”

 PPF cover has increased significantly. Key questions for DB stakeholders What payment or increase means a member is always better off financially even if the scheme joins PPF? What is the probability of sponsor failure over time?  Would my ring-fenced scheme … Continue reading

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Ephemeral surpluses excite corporates to pay pensions some attention.

First, let’s get things straight in the FT’s thinking when it publishes The UK corporate defined benefit market, valued at £1.1tn, according to the Pension Protection Fund (PPF), has seen a significant improvement in funding levels since 2019. This shift … Continue reading

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The Journey from Rolls Royce to Athora

Rolls Royce Severs its DB Pension Scheme Were Better Outcomes Available? Rolls Royce is severing its connection with its DB pension scheme.  It says it simplifies the Group and its investment proposition.  The trustees are winding up the scheme and … Continue reading

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The PAGA “Rabble” meet to progress collective pensions

PAGA is a group of pension professionals who set out the case for growth needed for pensions to pay what people need to live on in later life. It has through many meetings looked at the economics of running a … Continue reading

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What can C-Suite can do for your DB scheme? An advert from William McGrath

A Risk-Benefit analysis for sponsors and trustees is needed to make good quality, informed decisions.  Perhaps the time has come for sponsors and trustees to be more activist.  Don’t wait to be told.  Do the work yourself and scrutinise the … Continue reading

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William McGrath and Aoiffin Devitt in conversation

I am very pleased that two people I have time for , have got together on this podcast. Here is what William has to say of being on the podcast Here is the podcast Here is what Aoifinn has to … Continue reading

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Stagecoach/Aberdeen ; how the parties assess the full range of options

A most important discussion on Wednesday 4th Feb – a day before a relevant parliamentary debate. The positive impact of the deal done by the DB Stagecoach Pension Trustees and Aberdeen is rippling outwards as the legals are completed and … Continue reading

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The Lords and the Pension Schemes Bill – the game is on for pension surplus!

This comment was fed into my mail yesterday evening by someone who’d watched the debate in the House of Lords about the choices facing trustees and employers with defined benefit pension plans they are responsible for. Re the Lords and … Continue reading

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Purple book and PPF letter sheds light on Pre-97 increases (to actuary Colin Haines)

The purple book is out and this is actuary Colin Haines analysis of salient numbers! This blog is for people as the actuarially inclined Colin, William McGrath and Con Keating. I simply share the information that has reached the inbox! … Continue reading

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Penson Surpluses can now be “tapped” for staff’s best interests

From April 2027, well-funded defined benefit pension schemes will be permitted to pay surplus funds directly to scheme members over the normal minimum pension age where permitted by the scheme rules. This is a welcome measure that has been called … Continue reading

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