Saving defined benefit pensions

The NAPF's new investment council chairman Ray Martin has announced six changes he believes are needed to save private-sector defined benefit pensions. Reverse the Government’s decision to withdraw higher rate tax relief on pension contributions. Simplify...

read more

Size is not everything

President Obama's proposal to reduce the size of banks and split off the risky operations will, if implemented, reduce the risk of future systemic banking crises. However, it will still leave a number of problems in place. It is intended to cut the number...

read more

Pensions in Japan

I have just returned from a very interesting trip to Japan. I was invited to give a series of lectures on enterprise risk management at the University of Kyoto, and to talk to members of the Institute of Actuaries of Japan in Tokyo about the way in which...

read more