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…
Oh, and I think this confusion leading to DB being viewed as a pot by members is an unintended consequence…
Tag Archives: WTW
De-risking a DC pot with “lifestyle” has no place as default for those still saving.
Stephen Thomas is a professional thinker. He has no reason to hold back and he doesn’t. Glidepaths and de-risking have no place (for him) for people in their fifties and sixties. Continue reading
Posted in pensions
Tagged Alison Fisher, Better Retirement, dc pensions, Pensions, Retirement, Stephen Thomas, WTW
3 Comments
Can we recognise WTW’s promotion of CDC as “independent”?
Distorted facts I was distressed to read some distortions in Professional Pensions (PP). First lets start with distorted facts With the first CDC schemes now authorised, R-CDC is one default route under consideration by schemes. The WTW poll found 78% … Continue reading
Standard Life insures its own staff pension scheme; did the trustee find Standard Life’s covenant weak?
I find this hard to understand. Standard Life owns ReAssure. This buy out from the members point of view means losing upside from the pension scheme’s surplus for the reassurance (pun obvious) of an insurance policy underwritten by Standard Life. … Continue reading
Posted in pensions
Tagged Gowling, Mercer, Reassure, Staff Pension Scheme, Standard Life, WTW
9 Comments
Are we customers, Troy? Will we decide how to turn pots to pensions?
The customers for workplace pension schemes are the people who take the decisions. As Sam Seaton points out in her recent podcast for CAPData, decisions are taken on our pensions not by us but by our bosses. The risk transfer … Continue reading
WTW – remember it’s the employer who chooses the pension offered to its staff
Willis Towers Watson (WTW) have done some work presenting their thoughts on “decumulation”. This is known on this blog as “turning to pensions”. Thanks to Simon Ellis, whose work as Chair of Lifesight, the WTW DC mastertrust is important. This … Continue reading
The vulnerability of our DC workplace pensions (and how to avoid it!)
These are the nine options presented by one of our DC pension schemes, WTW’s LifeSight. The individual is faced with these choices and with lower risk options trending towards high investment in Government Gilts and Corporate Bonds. This is … Continue reading
Why is WTW’s retirement CDC not getting the thumbs up?
We always need analysis to help us make choices. We are getting a lot from WTW about decumulation CDC and the numbers don’t look anything like 60% better for CDC if you wait to swap your pot for a CDC … Continue reading
I hope professional trustees will come to CDC independently
I was surprised to see a firm of professional trustees promoting itself with WTW , who are consultants but also providers of DC services through LifeSight . I have heard WTW present CDC as an extension of Lifesight , with … Continue reading
Playing a tiny violin badly for First Actuarial?
I am not sure what this little video or a badly played under-sized violin is saying? Is it ironic or simply inept? Gallagher is an insurance brokerage rather like Aon and Marsh Mac and Howden and Willis Towers Watson which … Continue reading
Posted in pensions
Tagged Aon, Broadstone, first actuarial, Howden, LCP, Marsh Mac, PWC, WTW
2 Comments
Why has WTW bought Cushon? Why did people buy Cushon?
One interesting snippet from the WTW/NatWest Cushon press release comes at the end of Nick Reeves’ pre-report I wonder what an employer in a firm such as Creative or Salvus is thinking having started with that trust, become part of … Continue reading
Thanks for your reply. I hope it does successfully "embed both the real rate and expected inflation in one number".…