Jon Sharp

Director focussed on providing #pensions advice to business. Yardstick for tall sunflowers. Views my own.

[Jon Sharp @Pension_Jon]

@notayesmansecon @asentance Normal gilt yield alert!

[Jon Sharp @Pension_Jon]

@FraserNelson @alexburghart Wierd how both the University of Cambridge and the Institute of Actuaries provided formula books 20 years ago. I guess I am just one of the dumb ones …

[Jon Sharp @Pension_Jon]

@Actuarial_Tutor Every data set has its outliers ;-)

[Jon Sharp @Pension_Jon]

@JohnRalfe1 Do you know precisely how it is structured?

[Jon Sharp @Pension_Jon]

A move in 10 year yields of 0.07 up and down is not ‘substantial’. That’s about a seventeenth the one day move at the height of the mini-budget crisis.

[Jon Sharp @Pension_Jon]

@David_J_Robbins Always put the most difficult part of the report in the title. It can do the least damage there.

[Jon Sharp @Pension_Jon]

@David_J_Robbins The indices revising to be in line with the actual schemes. Interesting illustration of the disconnect between those working in different silos of the same organisations!

[Jon Sharp @Pension_Jon]

@NJM71 Also all the studies show it’s incredibly difficult to implement in practice.

[Jon Sharp @Pension_Jon]

@BritainElects A dark day for Morley separatism!

[Jon Sharp @Pension_Jon]

@paullewismoney Spot on. So many people just say oh means test it with no thought for how this actually works in practice!

[Jon Sharp @Pension_Jon]

@David_J_Robbins @TorstenBell @CommonsWorkPen :-) re 5.

Another consultation, another if you fund like this you will end up over collecting. Ah, well!

[Jon Sharp @Pension_Jon]

@ProspectPension @David_J_Robbins Also when pre 97 increases were granted inflation was expected to be much higher. Hence, accrual rates offered - I don’t think members have had a lot less than expected

[Jon Sharp @Pension_Jon]

@ProspectPension @David_J_Robbins I don’t think you are taking into account that the risk based levy is a significant tax on stressed companies. It has real consequences on plenty of low paid workers. If it was paid from general taxation like the FAS I would be much more sympathetic to your argument

[Jon Sharp @Pension_Jon]

@ProspectPension @David_J_Robbins Let’s not forget, schemes pre 97 design were often 60ths precisely because they weren’t providing inflation increases. And 60ths without increases is much more generous than private sector workers get now.

[Jon Sharp @Pension_Jon]

@ProspectPension @David_J_Robbins PPF compensation aimed to cover a basic DB benefit. Significant minority didn’t have increases pre 97 hence is a benefit improvement (no reasonable person should think PPF compensation should be a higher benefit than original pension!).

[Jon Sharp @Pension_Jon]

@NJM71 State pensions aren’t paid for by today’s workers. Workers aren’t the sole source of government revenue.

[Jon Sharp @Pension_Jon]

He’s just doing this to annoy people with 6 April pension scheme valuations isn’t he!

[Jon Sharp @Pension_Jon]

@ActuaryDog I’m worried they will apply tariffs to imports into Excel!

[Jon Sharp @Pension_Jon]

@julianHjessop Where I have seen the numbers for SMEs which have sites that are the size of a school they tend to have pretty rapid paybacks. Biggest issue tends to be grid related red tape.