Pension news and articles written by actuaries for actuaries - read the latest research pieces, today's news and latest articles in the Pension's market.

The Purple Book reveals a decade of trends

The tenth edition of The Purple Book, published today shows that trends in defined benefit (DB) pensions have remained stable - in a year that witnessed major shifts in the pensions landscape, including the pensions freedoms
 
With around 6,000 DB pension schemes in the UK, the Purple Book, published by The Pension Protection Fund (PPF) and The Pensions Regulator, provides the most comprehensive view of the risks faced by these schemes.
 
The Purple Book shows that over the last 10 years, as companies have become more aware of the market and longevity risks attached to the schemes, the percentage of schemes open to new members fell from 43 per cent in 2006 to 13 per cent in 2015, although there has been a levelling off of the closure of open DB schemes.
 
Furthermore, schemes continued to de-risk through asset allocation changes. Between 2006 and 2015, the equity share of total assets fell from 61.1 per cent to 33 per cent, the gilt and fixed interest share rose from 28.3 per cent to 47.7 per cent, and the ‘other investments’ share of total assets rose from 10.6 per cent to 19.3 per cen...Read More

The two sides of the AE coin

By Dale Critchley, Technical Reform Manager, Corporate Benefits - Friends Life, part of the Aviva Group
Key facts are:

• 58,000 employers have complied with their automatic enrolment
• These employers account for 75% of the eligible workforce
• 70% of eligible workers in the UK are now saving for their retirement (or a Lamborghini)
• Opt out rates are between 8% and 14%
• Estimates for the final number of people auto enrolled have been revised upwards from 7 million to 9 million individuals
• 99% of employers have compl...Read More

Aon urge DC schemes to act now to get better member outcomes

Sophia Singleton, partner and head of DC Consulting at Aon Hewitt, said:
 
• Only 16% of the respondents receive regular management information on outcomes, while 90% receive information on investment performance.
• 68% of those surveyed had no knowledge of the expected replacement ratio for their members – a key summary measure of retirement income, which looks at a member's retirement income as a proportion of pre-retirement earnings

“DC schemes are emerging from a busy 18 months during which many have implemented major initiatives such as au...Read More

Grumpy Old Pension Men: 26 April 2013

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Lifestyle Actuary

The trappings of fast paced city lifestyles rarely take into account the charm and elegance that a room, a dinner or a cup of tea can afford; characteristics lost to a by-gone era of debutante balls and black tie for dinner.

The Luddite

Sam Richardson looks into the up and coming and the outgoing of the technology and gadgetry world in 2014.

Travelling Actuary

This month's Travelling Actuary takes us to the iconic Boston to experience New England at it’s very best.

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