The iceberg is looming; leave those deckchairs alone!

July 17, 2012 Tom Murray

life and pension blog longevity annuitants Pensions UK

I brought the kids to the Titanic exhibition in Cobh, Co Cork, recently and found it a thoroughly moving experience. Knowing the story before you go in doesn’t ruin the event even though you have a sense of the inevitability of the tragedy all the way through the telling of the story.
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Employers can’t cope with pension burden

July 13, 2012 Tom Murray

FTSE 100 Barclays Pensions UK EU

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 FTSE 100 companies rose from £19 billion to £41 billion in the last twelve months. This comes after the same companies had put an excess of £20 billion into their pension funds to try to get the deficit under control.
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Benefits Canada: PRPPs set the course for reinventing plans

July 09, 2012 Tom Murray

Benefits Canada db plan defined benefits longevity pension plans

By Tom Murray, Head of Product Strategy, Exaxe.
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The Conundrum of Simplified Advice

July 04, 2012 Tom Murray

Channel Plus Illustrate Plus Pensions UK Retail Distribution Review

This article was originally commissioned and published in April 2012 for Investment Life & Pensions Moneyfacts publication. It is written by Tom Murray, Head of Product Strategy at Exaxe.
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‘Gotcha’ – DWP uses The Sun to dazzle workers

June 27, 2012 Tom Murray

DWP life and pension blog Pensions department of work and pensions UK

The government is fighting a battle to ensure that future pensioners save enough for their own retirement and minimise their reliance upon the state. In that fight, they have now enlisted The Sun tabloid in order to reach out to the masses that would not normally come in contact with the financial sections of newspapers where issues like pensions are usually raised.
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Life experience provides better guide than financial qualifications

June 19, 2012 Tom Murray

German Pensions UK Admin Plus EU

There has been some debate lately in the trade press about the tendency of people to take level annuities rather than inflation-proofed annuities because of the higher amount available. This fact has been held up as proof of the need for advice at the point of retirement, because otherwise people will tend to take the larger amount on offer from level annuities and not factor in the consideration that inflation will erode the value of the annuity payments over time.
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Manitoba Retail Sales Tax change is a backward move

June 14, 2012 Tom Murray

liability Pensions EU Canada Life and Pensions

Canada could learn from the EU The announcement yesterday that Manitoba was imposing Retail Sales Tax (RST) on protection products is a backward step in the drive to get Canadians to take responsibility for their own futures. The RST will apply to individual disability insurance, critical illness insurance and group disability insurance coverage.
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Pension reformers should come out of the closet

June 06, 2012 Tom Murray

Pensions UK Life and Pensions crisis public sector

For too long pensions have been associated with the yawn factor; a subject that is too dull for anyone in the real world to focus on. In the heady consumerist world of the nineties and noughties, those banging on about pension reform were relegated to unreported meetings in dusty halls, far from the political limelight.
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Actuarial Post: Risk using technology or risk falling behind

June 05, 2012 Tom Murray

tablets Pensions risks software Life and Pensions

By Tom Murray, Head of Product Strategy, Exaxe.
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Will debt blight Canadian Pensioners golden years?

May 29, 2012 Tom Murray

pooled registered pension plans Canadian pensioners Pensions Canada Life and Pensions

Readers of this blog will be aware that I frequently heap praise on the Canadian pension system. It’s not perfect, but in terms of what it is providing to its consumers it remains one of the best balanced and most easily understood in the world. This has helped to ensure that Canadians in general are in a better position than most in the western world when they come to retire. Proposed improvements, such as the pooled registered pension plans (PRPPs), will significantly improve this position again.
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