by Paul Sweeting | Dec 10, 2010 | All
With the Nobel Prizes being awarded today, along with the news that no further action will be taken in the News of the World phone hacking probe, it struck me that there is an obscure link between these two stories. In particular, there is a link between the phone...
by Paul Sweeting | Dec 8, 2010 | All, Pensions
The Government has now issued its consultation on CPI for private-sector pensions. This raises a number of issues, and asks some challenging questions. One that will certainly generate responses is the question of whether CPI should be imposed on pension schemes,...
by Paul Sweeting | Dec 6, 2010 | All, Longevity
Reuters reported recently that Swiss Re was launching a series of longevity bonds to hedge the reinsurer against longevity catastrophe risk. The bonds – issued through Caymans-based Kortis Capital on behalf of Swiss Re – would hedge Swiss Re against...
by Paul Sweeting | Jul 15, 2010 | All, Industry News
A lot has been written about the impact that a change from RPI to CPI would have on pension scheme members, the financial markets and the wider economy. There has also been much comment on the differences between the calculation of these indices. But which is the...
by Paul Sweeting | Jul 8, 2010 | All, Pensions
The Government has confirmed plans to link private sector pension increases to CPI rather than RPI, bringing them into line with the proposals for public sector schemes. This could save schemes a significant amount of money – around £100bn by some estimates....
by Paul Sweeting | Jun 25, 2010 | All, Industry News, Pensions
Retirement ages are going to have to rise. This has been made clear in recent suggestions that the State pension age for men will not only rise from 65 to 66 by 2016, but will also continue to rise by one year in every five, which has had some people frothing at the...
by Paul Sweeting | Jun 25, 2010 | All, Longevity
Can we be a little more responsible about the life expectancy figures we’re quoting? “The current life expectancy is 77 for men and 81 for women” it says on the BBC website. So this means that a retirement age of 66 would mean men working for over 40...
