The Brexit circus is coming to town

January 7, 2016 Leave your thoughts Brexit

This article was originally commissioned and published in December 2015 for Investment Life & Pensions Moneyfacts. Tom Murray considers the troublesome wait for Brexit and how this uncertainty could cause major volatility in the investment markets. The Brexit circus is coming to town The UK investment sector is about to […]

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The FCA should apologise to Pension Providers and IFAs

October 17, 2014 Leave your thoughts

For the last decade, the FSA, and latterly its reincarnation as the FCA, have lambasted pension providers and the financial advisers that recommend their products. The FCA have criticised their work and insinuated that the IFAs and providers are ripping consumers off and need huge amounts of regulation to prevent them from essentially robbing the consumers.

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Government is ignoring longevity risk with pension reform

July 8, 2014 Leave your thoughts

The OECD has made a diplomatic intervention to critique mildly the UK government’s abolition of the annuitisation rules for pensions. One does not have to be Sherlock Holmes to spot the clues that reveal that the OECD is actually aghast at the extent of the change. This policy runs against […]

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Actuarial Post: New savers need simple products

April 30, 2013 Leave your thoughts Actuarial Post,Technology is no silver bullet

By Tom Murray, Head of Product Strategy, Exaxe. The death of Margaret Thatcher and her funeral has meant that there has been a huge amount of reviews of the 1980s on TV and radio. I was living in London during the 80s and clearly remember the sense of massive change […]

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Investment Life & Pensions Moneyfacts: Pension Reform Part 1

March 28, 2013 Leave your thoughts

This article was originally commissioned and published in February 2013 for Investment Life & Pensions Moneyfacts publication. Tom Murray, Head of Product Strategy at Exaxe, explores the need to re-create pensions for the 21st century and argues that the Government’s latest White Paper is a great start in simplifying pensions […]

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Government takes the first step with pension reform

January 22, 2013 Leave your thoughts

[dropcap letter=”T”]he government’s white paper on pension reform is a big step on the road to a simpler, fairer and more comprehensible system. The ending of contracting out and the amalgamation of the second state pension into a basic state pension, which eliminates most of the need for pension credits, […]

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Income Drawdown rule changes must be reversed

October 9, 2012 Leave your thoughts

The changes wrought by the current Government to the Income Drawdown regulations, i.e. the restriction of the level of drawdown to 100% of the Government Actuarial Department annuity rates rather than the 120% that it was previously, has seriously affected the at-retirement market. The effect of this change has been […]

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Canada refuses to play games with DB pensions

September 6, 2012 Leave your thoughts

Stephen Harper’s government has done Canada proud by resisting the temptation to follow the US down the path of relaxing financing rules for defined benefit (DB) pensions. The changes, that came into force last month in the US, alter the way companies calculate contributions to their pension fund, effectively reducing […]

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Employers can’t cope with pension burden

July 13, 2012 1 Comment Accumulation & auto-enrolment

It has been reported that the total pension deficit at the UK’s largest companies has more than doubled over the last year, caused primarily by volatile markets and falling bond yields.  The analysis carried out by actuarial consultants Lane, Clark & Peacock (LCP) reveals that the combined deficit of 83 […]

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