Craig Moran

Pensions Actuary, BJJ & MUFC fan (in no particular order).

[Craig Moran @PensionsCraig]

@dontdelay This is potentially due to the fact that deferred members are more expensive to insure than pensioners.

Moving to a superfund, sitting on the deferreds and then buying out at a later date could mean insuring full benefits in 5 years time rather than (say) 90% of benefits now.

[Craig Moran @PensionsCraig]

@Sharpe_Actuary Thank you.

[Craig Moran @PensionsCraig]

@PensionsMonkey Agree with all this.

Only point I'd add in support is the impact on public service pensions schemes, in particular the NHS/BMA fallout.

[Craig Moran @PensionsCraig]

@FelicityHannah @FelicityHannah was that you chocking on your tea that I heard shortly after that rather unique Tues-Thurs abbreviation ���

[Craig Moran @PensionsCraig]

@goldstone_tony @jamesmurray_ldn @wesstreeting I've personally never been a fan of the taper. Felt more "virtue signalling" than a well thought through proposal. Higher earners were already restricted by AA and LTA.

Not quite as ridiculous as exempting DC pots from inheritance tax, but up there.

[Craig Moran @PensionsCraig]

@goldstone_tony @jamesmurray_ldn @wesstreeting Thanks Tony. With refent LTA changes I can't see there being any appetite to removing AA for DB.

Taper is clunky and I could get on board with scrapping (although I'd need to remind myself of the cost).

Is there any obvious downside to making additional shifts pensionable?

[Craig Moran @PensionsCraig]

@FelicityHannah I'm firmly of the belief that most Olympic sports should have an 'average Joe' competing alongside, to illustrate just how great professional athletes are.

[Craig Moran @PensionsCraig]

@HigherEdActuary You cynic 😉

[Craig Moran @PensionsCraig]

@FelicityHannah Gut instinct, bad.

You would hope that having a system of un-anonymous* feedback would encourage people to leave more constructive comments.

*is this a word...?

[David Hearne, CFP™ @dontdelay]

'This isn't government policy'

'Readers reacted with fury'

The only two lines you need to read to understand what's going on here
____
State pension is a benefit and Labour can force wealthy retirees to ‘give it up’ https://t.co/3AhtehcJaR

[Craig Moran @PensionsCraig]

@ProspectPension There was a lot of uproar, but I can't recall whether it was pulled or not.

But I do wonder whether it's worth a wider debate across the unfunded schemes, as the key issue with people simply opting out is that they lose the employer contribution.

[Craig Moran @PensionsCraig]

@JosephineCumbo Wise words from Mr Bell.

[Craig Moran @PensionsCraig]

@HigherEdActuary If you listen carefully, you can hear the collective sigh of relief from administrators across the land.

[Craig Moran @PensionsCraig]

@FelicityHannah @Moneybox Looking forward to it!

[Craig Moran @PensionsCraig]

@HigherEdActuary Could not agree more!

[Fraser Nelson @FraserNelson]

The Spectator has just ran the figures for the Tories' published tax plans.

On Sunak's maths, it works out as £3,000 tax rise per household.

Details: https://t.co/p7wwWkCtgQ