Date
Time

6pm:  tea/coffee

6.30pm:  meeting

Venue
Chartered Accountants House, Pearse Street

Discount Rates - An Off-Market Solution (?)

Jon Spain’s personal view is that UK DB pension schemes have been destroyed by the “mark to market” methodology adopted over the last 15 years. One of the reasons for adopting that approach has, of course, been that “society”, especially the EU, has been pushing for guarantees. Sadly, that has required vast amounts of misplaced capital and simply has not worked well. One specific problem has been using “market consistent” discount rates, which are much harder to determine than commonly thought, upon which Jon will concentrate.

 

To access podcast please contact the Society: info@actuaries.ie 

Biographical details

Jon is an actuary at the UK Government Actuary’s Department.  Since qualifying as an FIA in 1977, most of his career has been in DB pensions. He worked at large private sector consultancies before joining GAD in 1990.

Cost (non-members)
€50
Event Type
CPD Event
Speakers/Presenters
Jon Spain, Government Actuary’s Department, UK
File attachments
Date Attachment Size
09/12/2016 161207 Discount Rates Presentation - Jon Spain 3.13 MB Download