25 years ago in 1984 several of the main things that pensions actuaries were engaged in included:
- Transferring risk from the state to occupational pension schemes by contracting-out
- Transferring risks from members to pension schemes by introducing final salary pensions
- Transferring risk to schemes by moving investments through insurance companies to direct investment in equities
Since its inception in 2000 Spence & Partners has been doing precisely the opposite!
David Davison‘s recent post is about a scheme in the not for profit sector that resulted in small charities taking on too much risk. For help in derisking your pension scheme please see our PensionsEndgame page or contact Brian Spence.