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Jackal Advisory’s Director of Pensions, Simon Kew, speaks to the Financial Times

On the July 15 edition of the Financial Times, Simon was asked for his views on pension funding calculations.

He said “if a scheme’s employer has a strong covenant and support commensurate with that [they could consider] taking into account gilt yield reversion.”. Putting it more basically, Simon added this advice to trustees “if you’re being optimistic, make sure you have some back-up if it goes wrong”.

The full article can be read here.

Simon has also recorded a video for the newspaper’s SchemeXpert website, where he discusses the benefits of a covenant adviser being present during scheme funding negotiations. Ever mindful of keeping costs down for trustees and employers, therefore preserving funds for the pension scheme Simon states, amongst other things, that the right adviser can be very helpful to the process, but they should only be called in when appropriate. The adviser “should not be sitting in the corner with nothing to do” as that can be very costly and unrewarding.

The video is available here

Category : Employer Covenant,Savants in the News,Uncategorised — admin @ 9:58 am July 25, 2012

Pensions Week: The National Audit Office’s thoughts on DC regulation

Jackal Advisory’s Simon Kew was recently asked to comment on recent statements by the National Audit Office concerning defined contributions schemes having too many regulators.

In short, the NAO’s recently published review noted that the abundance of regulators for DC schemes made “regulating schemes, setting them objectives and measuring performance wasteful”.

The review highlights the lack of integration between the regulators – namely the FSA and the Pensions Regulator – and the difficulty as a result, in evaluating of the Pensions Regulator’s work in protecting the benefits of work-based pension schemes.

Simon Kew sees an opportunity for a “land grab” from the FSA in the wake of the report, but notes that “huge amounts of money would need to be poured in to enable it to expand”.

The full article can be read on the Pensions Week website.

Category : Employer Covenant,Savants in the News,Uncategorised — admin @ 8:50 am July 17, 2012

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