Does duration matter?

Duration is often thought of as important concept for pension schemes. It is generally known that pension scheme liabilities can have very long durations, and that if the durations of their assets and liabilities differs then it is exposed to duration...

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My pensions manifesto

There have already been a number of pensions manifestos, demanding commitments from the main political parties to sign up to their demands. I think it might be a little presumptuous to make the same demands for my manifesto, but if any politicians do take...

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Care of the elderly

There are a lot of promises being made about care of the elderly in the current election campaign. A particular concern seems to be that people do not have to sell their houses to pay for residential care, as this is seen as unfair. The alternative, which...

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Public sector pensions

The CBI produced an interesting and timely report on public sector pensions today. It raises a number of important issues, but the solutions suggested could cause as many problems as they solve. One very good point is that pension accrual should be...

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