One of Lord Hutton’s key recommendations was that retaining defined benefit schemes in the public sector should come with the condition that there is a “cost cap” mechanism. This seemed like a good idea at the time but like many things in life is easier to say than actually do.
The positive impact of employee happiness and high levels of wellbeing on the workplace is well established by now. Their contribution to the complexities of the productivity puzzle is accepted by many HR practitioners and other business professionals
Within living memory the accepted wisdom that we are born, go to school, work, retire and die has been turned on its head. This is true with regard to working past state retirement age, whether through personal choice or financial necessity.
What does the ideal actuarial consultant look like? Danny Wilding, partner at Barnett Waddingham, argues the need for teamwork in actuarial consultancy.
Most LGPS benefits build up gradually during each member’s employment. However, if a member retires early as a result of ill-health, it might not just be the member that is laid low; the employer’s funding position may also be feeling down.
The topic of mental health has hit the headlines and taken centre stage. Huge efforts have gone into challenging misconceptions about mental health. It’s about supporting people when they most need it.
John Cormell and Richard Gibson explore the issue of guaranteed minimum pension (GMP) conversion.
The Department for Work and Pensions (DWP) has published a response to its June 2018 consultation on the subject of building “a Stronger Pensions Regulator”.
In previous REBA articles we explored why financial wellbeing is ‘fundamental not just a fad’ and then looked at how we analyse, consultant, deliver and check via our ‘ACDC’ framework. Now we explore how to deliver this into the workplace.
Recently, one of our clients asked us for some help in thinking about their currency risks, ahead of Brexit. Although they had most of their assets invested in UK markets, they wanted to reduce their currency risk and they therefore expected our advice to focus on their overseas investments. But sometimes risk can appear in unexpected places and the best solution can be the opposite of what you expect. In this case we had to go beyond the expected to get the best result.