Actuarial Post: Betting your pension

January 15, 2019 Tom Murray

pension freedom Actuarial Post pension funds annuities

Betting your pension This article was originally commissioned for Inner Workings, a monthly column written by Tom Murray, in the  December 2018 edition of the Actuarial Post.   The move by the government to reduce the shocking social side effects of fixed-odds betting terminals, mainly based in bookmakers’ shops, was welcomed by many in the UK as a good start in dealing with the issues that can arise from addiction to these machines.  Under the new law due to come into effect in 2019, the maximum stake will be reduced to £2, thereby requiring 50 losing spins to lose what could have been lost before on a single spin.
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Is the end nigh for Defined Benefit schemes?

May 12, 2015 Tom Murray

Greek debt deficit defined benefits Pensions UK

The biggest shock of last week in the pension’s world came with the announcement from Lufthansa that their defined benefit pension scheme deficit had now gone over €10 billion. This is a frightening figure – to put it in context it is up 41% since the end of 2014 and it equals the entire national debt of Bulgaria. While some of this increase is due to the current low-interest rate policy of the European Central Bank and will be ameliorated over time, nevertheless it is still a huge problem for the company which posted an operating loss of €133 million in the first quarter of this year.
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A Better Way to Tap Pension Funds

November 18, 2011 Tom Murray

Pensions EU Ireland Life and Pensions Government

This article was originally published on
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