Duration is often thought of as important concept for pension schemes. It is generally known that pension scheme liabilities can have very long durations, and that if the durations of their assets and liabilities differs then it is exposed to duration...
A letter in the Times yesterday stated that the new Government will remove the requirement to buy an annuity at retirement, resulting in pensioners running out of money. It also implied that the sole reason for making this change was to increase the...
The literature covering employee choice in relation to defined benefit (DB) and defined contribution (DC) pension schemes is substantial. There are a number of papers looking at the factors influencing employee choice between DB and DC pension schemes, whether to join...
There have already been a number of pensions manifestos, demanding commitments from the main political parties to sign up to their demands. I think it might be a little presumptuous to make the same demands for my manifesto, but if any politicians do take...
There are a lot of promises being made about care of the elderly in the current election campaign. A particular concern seems to be that people do not have to sell their houses to pay for residential care, as this is seen as unfair. The alternative, which...
The CBI produced an interesting and timely report on public sector pensions today. It raises a number of important issues, but the solutions suggested could cause as many problems as they solve. One very good point is that pension accrual should be...
