Craig Moran
@pensionscraig.bsky.social
Pensions Actuary, BJJ and MUFC fan (in no particular order).
And most importantly, good to hear actuaries getting a brief shout out!
January 17, 2025 at 10:10 AM
And most importantly, good to hear actuaries getting a brief shout out!
It's always an interesting conversation when the TD&R gives sole discretionary power to the Trustees...!
December 23, 2024 at 10:04 AM
It's always an interesting conversation when the TD&R gives sole discretionary power to the Trustees...!
Over 50% (although I suspect that says more about my lack of X followers!).
November 27, 2024 at 1:30 PM
Over 50% (although I suspect that says more about my lack of X followers!).
Surely this would be inside some kind of trust arrangement regardless of the choice of asset?
November 6, 2024 at 10:04 PM
Surely this would be inside some kind of trust arrangement regardless of the choice of asset?
I suggest a morning walk without news/notifications 😔
November 6, 2024 at 5:55 AM
I suggest a morning walk without news/notifications 😔
Team them about investing early. Explain shares, get them to "invest" (whether actually or virtually) in companies they're interested in and follow the ups and downs.
October 24, 2024 at 6:33 PM
Team them about investing early. Explain shares, get them to "invest" (whether actually or virtually) in companies they're interested in and follow the ups and downs.
Ha! I fear this will be in my head now the next time I review a valuation report.
October 24, 2024 at 6:31 PM
Ha! I fear this will be in my head now the next time I review a valuation report.
How else would you communicate asset allocations Mike 😲
October 23, 2024 at 4:24 PM
How else would you communicate asset allocations Mike 😲
That's correct, most of the April 2025 increases in public service pension schemes are linked to September 2024 CPI.
(I say most because some link in-service revaluation to earnings growth instead.)
(I say most because some link in-service revaluation to earnings growth instead.)
October 16, 2024 at 7:06 AM
That's correct, most of the April 2025 increases in public service pension schemes are linked to September 2024 CPI.
(I say most because some link in-service revaluation to earnings growth instead.)
(I say most because some link in-service revaluation to earnings growth instead.)
Genuine question, do you agree?
September 25, 2024 at 7:18 AM
Genuine question, do you agree?
2. This is particularly unhelpful to smaller employers, who don't have the resource to undertake bulk annuity transactions.
September 23, 2024 at 6:05 AM
2. This is particularly unhelpful to smaller employers, who don't have the resource to undertake bulk annuity transactions.
Circumstances, legislation, markets and accounting rules all change.
Employers owe a duty to stakeholders (whether shareholders or social housing tenants) to manage risk. I don't think that choosing to participate in an LGPS decades ago precludes them from a logical course of action today.
Employers owe a duty to stakeholders (whether shareholders or social housing tenants) to manage risk. I don't think that choosing to participate in an LGPS decades ago precludes them from a logical course of action today.
September 22, 2024 at 7:22 PM
Circumstances, legislation, markets and accounting rules all change.
Employers owe a duty to stakeholders (whether shareholders or social housing tenants) to manage risk. I don't think that choosing to participate in an LGPS decades ago precludes them from a logical course of action today.
Employers owe a duty to stakeholders (whether shareholders or social housing tenants) to manage risk. I don't think that choosing to participate in an LGPS decades ago precludes them from a logical course of action today.
I'm still of the view that where employers are underwriting the risks, we shouldn't be discouraging options to help them manage that risk.
But, debate is a good thing Henry!
But, debate is a good thing Henry!
September 22, 2024 at 6:47 PM
I'm still of the view that where employers are underwriting the risks, we shouldn't be discouraging options to help them manage that risk.
But, debate is a good thing Henry!
But, debate is a good thing Henry!
(Addressed to Henry, not Mike!)
September 22, 2024 at 1:45 PM
(Addressed to Henry, not Mike!)
If it's a closed (or almost closed section), why would the Fund want to push back against an employer wanting to lock in some of the funding improvements?
September 22, 2024 at 1:44 PM
If it's a closed (or almost closed section), why would the Fund want to push back against an employer wanting to lock in some of the funding improvements?
Thanks Henry. But this was a buy-in transaction with an insurer, different to simply purchasing some LDI.
September 22, 2024 at 7:35 AM
Thanks Henry. But this was a buy-in transaction with an insurer, different to simply purchasing some LDI.
Fair.
(Although if any retailers are listening, I'm open to talks...)
(Although if any retailers are listening, I'm open to talks...)
September 21, 2024 at 3:34 PM
Fair.
(Although if any retailers are listening, I'm open to talks...)
(Although if any retailers are listening, I'm open to talks...)
Playing devil's advocate, does the intense public-facing element of their role (along with inevitable misogyny) make a difference here?
September 21, 2024 at 1:42 PM
Playing devil's advocate, does the intense public-facing element of their role (along with inevitable misogyny) make a difference here?
Indeed! A pet hate of mine when surplus/deficit figures are discussed without this context.
I'd personally like to see the actuary's best estimate included in the figures, but I can understand why it wasn't.
I'd personally like to see the actuary's best estimate included in the figures, but I can understand why it wasn't.
September 13, 2024 at 5:05 PM
Indeed! A pet hate of mine when surplus/deficit figures are discussed without this context.
I'd personally like to see the actuary's best estimate included in the figures, but I can understand why it wasn't.
I'd personally like to see the actuary's best estimate included in the figures, but I can understand why it wasn't.
All fair points.
The current £10,000 threshold attempts to achieve some of this (albeit clumsily).
The current £10,000 threshold attempts to achieve some of this (albeit clumsily).
September 8, 2024 at 7:47 AM
All fair points.
The current £10,000 threshold attempts to achieve some of this (albeit clumsily).
The current £10,000 threshold attempts to achieve some of this (albeit clumsily).