Jon Spain will present his personal view of how UK DB pension schemes have been destroyed by the “mark to market” approach adopted over the last 15 years. One of the reasons for adopting that approach has, of course, been that “society”, especially the EU, has been pushing for guarantees. Sadly, using that approach has required vast amounts of misplaced capital and simply has not worked well.
One of the reasons for adopting that approach has, of course, been that “society”, especially the EU, has been pushing for guarantees. Jon will analyse why, in his opinion, using the mark to market approach has required vast amounts of misplaced capital and simply has not worked well.
Some of the material to be presented has already been published on the author’s personal websites but there is more. After the event, apart from proprietary software, the various Excel files will be released on an open source basis so that anyone can review the calculations for themselves. Jon believes that we could - and should - have done better.
This session will be the presentation of an individual member’s opinion, which does not necessarily reflect the views of the IFoA.
This event requires intermediate knowledge on the subject.
Event organiser
Contact Events Team for more information.
eventmanagement@actuaries.org.uk
0207 632 1498
CPD
CPD| 08.15 - 08.30 Registration |
| 08.30 - 10.00 Programme |
| 10.00 Close |
Location
Address
Staple Inn Hall
High Holborn
London
WC1V 7QJ
Nearest Public Transport
Chancery Lane Tube Station