Latest articles from Con Keating

Why CDC is fair to all generations

Con Keating

From the blog: The Work and Pensions Committee's inquiry into collective defined contribution has led to a welter of objections to the concept. Among these concerns, misconceptions abound. Some are even evident in the introduction to the inquiry offered by that committee. 

 

The critical element to understand is the role of the 'promise' in the design and construction of both CDC and collective defined benefit arrangements.

 

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What is a pension fund?

Con Keating

From the blog: Insolvency of the sponsoring employer is rare - however, as it is the principal risk to occupational DB pension schemes, it now dominates the management of pension funds.

 

In essence, there are two views of the purpose of a scheme and fund.

 

In the first, the scheme and fund exist to provide security for members’ accrued benefits and defray the employer’s cost of pension provision.

 

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