David Davison

Pensions geek, charity pension adviser, golf nut and car fan. Enthusiastic and gregarious.

[David Davison @DavidJDavison]

@JohnRalfe1 @NicolaSturgeon @RishiSunak This continuing position is untenable given public sector moved to CARE in England & Wales in 2014 and in Scotland in 2015. Yet somehow the politicians in Scotland cling on to their final salary benefits at a cost of 75%. Nice work if you can get it! @scotfax

[David Davison @DavidJDavison]

@scotfax
This is what you should be looking at rather than the savings point!!!

[John Ralfe @JohnRalfe1]

See my latest @Telegraph piece:
"Published accounts show the real annual cost of MSP pensions - 1/40th accrual, final salary & NRA of 65 - is a whopping 75% of salary. They make Westminster pensions look downright stingy. "
https://t.co/uoRqI9Z0lG

[Eddie Pepperell @PepperellEddie]

I’m Eddie f***ing Pepperell.

[Pension Quality Mark @PQM]

Congratulations to the 3173 Group Pension Plan for renewing the Pension Quality Mark plus. PQM is awarded to workplace pension schemes that have good contributions, high standards of governance and encourage employees to save for retirement.
@ThePLSA @3173Group

[David Davison @DavidJDavison]

Looking forward to speaking at the Charity Finance Group @CFGtweets annual conference today. Lots of interesting things going on at the moment in pensions that impact charities. Hopefully be a good session👍

[Spence & Partners @SpencePartners]

New flexible LGPS options offer valuable new alternatives to hard pressed Scottish charities.

Spence's @DavidJDavison has written a blog for @ICASaccounting website https://t.co/22Enbka56c

[David Davison @DavidJDavison]

@JohnRalfe1 @DougCERN I knew there’d then just be a debate over the basis used!! Pointless discussion

[Spence & Partners @SpencePartners]

This article by @DavidJDavison outlines the changes - https://t.co/amKEb6OUjq

[Spence & Partners @SpencePartners]

Good practice guidance for defined benefit (DB) transfers.

The Pension Administration Standards Association (PASA) has released new guidance on DB transfers

John Wilson goes through the main points in this blog - https://t.co/RBMWVaLmHh

[Spence & Partners @SpencePartners]

Many thanks to @LothianPension, Strathclyde Pension Fund and The Scottish Public Pensions Agency (SPPA) for listening and understanding the issues and developing rules which will really help many organisations.

[David Davison @DavidJDavison]

Very interesting article from entrepreneur and philanthropist Sir Tom Hunter on Scotland’s New economic strategy being ‘a wish list with no magic wand' https://t.co/hfLc3OLTFB

[David Davison @DavidJDavison]

@LauraStarkey Absolutely astonishing.

[David Davison @DavidJDavison]

@RandomKentGuy Next time I’m sick I think I’ll make sure I consult a philosophy graduate - not!! The sheer unfounded confidence was astounding. Could think of a few place he could put his sheets of paper!! #QuestionTime

[David Davison @DavidJDavison]

@JohnRalfe1 It happens to some extent already within the existing charge cap where ‘loyalty discounts’ are applied as pots build but not sure why the highest level of 0.75% needs to increase.

[David Davison @DavidJDavison]

@ronlondoncon @JohnRalfe1 @Twitter Truly frightening 🤦‍♂️

[David Davison @DavidJDavison]

@noremacnosila @NormaCohen3 @ucu Then the membership is unfortunately ill informed. You have to do a valuation every 36 months and it has to be finished within 15 months of that. You can do interim valuations but this has a cost - significant in the case of USS. Highly questionable what impact it would have.

[David Davison @DavidJDavison]

@noremacnosila @NormaCohen3 @ucu Valuation dates are prescribed. You can move the dates but this adds additional cost that has to be paid for.

[David Davison @DavidJDavison]

@NormaCohen3 @noremacnosila @ucu Agree LGPS schemes generally well run but they use pretty much same funding process and had to face exactly the same funding issues. As Norma says it’s the only process! They are also different from USS in that the vast majority of staff in them are directly in the public sector.