Matthew Rhodes

Pensions consultant and actuary.
Randomly wrote a Pensions book

[Matthew Rhodes @rhodespensions]

Summary of new funding regs: don't take any risk, but invest in growth assets obviously. And get as much money as you can, but don't damage the company. And invest in a low risk way. Unless you dont.

[Matthew Rhodes @rhodespensions]

“It feels absurd that current government policy means that pensioners are getting a big pay rise on one hand but frozen tax thresholds are effectively taking part of that increase away.”
... let's not give them the "big pay rise" then

https://t.co/nOR35WAlvf

[Matthew Rhodes @rhodespensions]

Presumably this is true most months? It would be news if the number was declining

[Josephine Cumbo @JosephineCumbo]

Number of people aged 100 in England and Wales hits record high https://t.co/29fxwO9I03 #pension

[Matthew Rhodes @rhodespensions]

@toby_n @FTAlphaville Is this a new problem, the ppf doesn't have a backstop now?

[Matthew Rhodes @rhodespensions]

@achaplin71 @HigherEdActuary @Tess_invests Looks like I was ahead of the press. I'm amazed this isn't getting more attention https://t.co/0myzD9C1Tw

[Matthew Rhodes @rhodespensions]

Does this waffle mean Mercer are selling their UK pensions admin business, or is it less significant (the 'platform/tech')? https://t.co/5tOTuNRbTe

[Matthew Rhodes @rhodespensions]

Everyone will leave it until the last minute, administrators will be overwhelmed by the work load, and so the deadline will be missed or pushed back

[ProfessionalPensions @ProfPensions]

DWP announces updated dashboard delivery deadline https://t.co/WFaruPlSwt

[Matthew Rhodes @rhodespensions]

Beware politicians who meddle with pensions

https://t.co/QqmHh6B08Z

[Matthew Rhodes @rhodespensions]

Hmm. More questions than answers at this stage, methinks...

[Josephine Cumbo @JosephineCumbo]

Scoop: Ministers look at reshaping #pensions lifeboat fund to give boost to UK business https://t.co/R3eHwNlLyF

[Matthew Rhodes @rhodespensions]

@PensionsDave Better than LIBOR anyway

[Matthew Rhodes @rhodespensions]

"Loosening the purse strings for our pensions may not be a good idea"
Spot on here... telling pension schemes how to invest would be a bad idea in my view. If the opportunities were attractive the investment would follow.
https://t.co/B5aMAnHxtC

[Matthew Rhodes @rhodespensions]

"We must act now to prevent a real pensions crisis developing in future"
I agree the are some looming issues, but as these are currently hidden it will be hard to drive change now. Increasing AE minimum rates must surely be a key part of the solution.

https://t.co/H9okypCLa6

[Josephine Cumbo @JosephineCumbo]

Final salary #pensions have been uniquely horrible for UK plc https://t.co/u8IJIOIFlP via @JonathanEley

[Matthew Rhodes @rhodespensions]

Wow, if the LTA goes to £1.8M that would indeed be jaw-dropping

https://t.co/yIuok729o5

[Matthew Rhodes @rhodespensions]

The ship has sailed, most DB pension are too well funded to contemplate moving from bonds to equities. Also, equity allocations are generally based on market capitalisation in my experience rather than any specific biases. UK is c3% of global market cap
https://t.co/Q36OFWudS7

[Matthew Rhodes @rhodespensions]

If #MartinLewis has piqued your interest in Pensions check out this book https://t.co/j6v0HlbfOx

[Matthew Rhodes @rhodespensions]

@ftfinancenews @JohnRalfe1 Schroders of course provide fiduciary management ("Sitting at the heart our approach is risk management, with a segregated approach to LDI, so you can do more with less capital.") https://t.co/IACxAnO5ha

[Matthew Rhodes @rhodespensions]

@LongPensions I would apply the test on a cumulative basis, eg look at "total earnings inflation since 2020" and "total inflation since 2020". Still protecting versus inflation and earnings but without ratchet effect

[Matthew Rhodes @rhodespensions]

@jimconey "The people of this country have had enough of experts" vibes on your comments on actuaries! Maybe we should ignore everything all journalists say because of phone hacking and Hillsborough reporting? But no hard feelings, thanks for the articles & good luck in the future!

[Matthew Rhodes @rhodespensions]

@PensionOpinion Indeed! Could still claim the triple lock is in place whilst avoiding windfalls

[Matthew Rhodes @rhodespensions]

The triple lock should be reset to apply on a cumulative basis. So inflation would be given this year, but the amount given above earnings would be clawed back if earnings inglation is higher in the long term. Politically ok whilst reducing long term cost?