First Actuarial's Hilary Salt: We have withdrawn into a world dominated by minimum contribution DC schemes
Professional Pensions spoke to First Actuarial founder and actuarial director Hilary Salt as part of an exclusive series of interviews with the leaders of some of the UK’s leading pension consulting firms. This is what she had to say…
The general election showed an increasing focus on collective over individual interests. CDC could fit right in, says Hilary Salt.
Hilary Salt asks if it is legitimate for trustees who have a fiduciary duty to members to assume that surplus should only be spent on locking in to lower returns
Hilary Salt says we should look again at whether DB schemes should provide a partner pension given the vast social changes over recent decades
Hilary Salt says by blurring the line between what is legally required and what 'feels fair', we create uncertainty about what is and isn't allowed
Collective defined contribution (CDC) schemes will need clear and transparent governance frameworks, as well as effective communication strategies, to be a success, the Work and Pensions Committee (WPC) has been told.
Hilary Salt says DC is merely a savings vehicle, and argues collective DC would provide a wage in retirement more efficiently
The PPF 7800 deficit was slashed in half last month as gilt yields rose. Victoria Ticha asks if this is the start of a longer trend
What were the most read analysis articles on Professional Pensions over the last 12 months? Here are the top stories of the year
Hilary Salt says rather than designing new DB superfunds, wouldn't it be better to grow to appreciate and improve our existing superfund?
Gender imbalance among senior actuaries is still common but the industry is providing solutions and aims to tackle the wider lack of diversity, writes Kim Kaveh
Hilary Salt says there should be room for professional judgement, otherwise there is herding around similar answers
With one in eight DB schemes still open to new members, Michael Klimes explores the argument that they should be run differently from closed ones
A union proposal for Royal Mail to create a risk sharing scheme has brought back the idea of defined ambition. Stephanie Baxter looks at how it would work and if it could set a blueprint for others
With DB transfer activity at very high levels amid fraud concerns, Michael Klimes asks if partial transfers can offer more security for members
What were the most read opinion pieces on Professional Pensions over the last 12 months? Here are some of the top pieces from our commentators during the year.
There are plenty of alternatives to just closing schemes
Better comms could ensure the £20bn spent on DB each year isn’t wasted
Trustees are learning to get bolshy over contracts
The IFoA responds to criticism that scheme actuaries are hamstrung by fear of conflicts
Hilary Salt warns quick-fix compliance is replacing professional judgement
Industry insiders who become trustees at collective defined contribution (CDC) schemes could ruin them according to First Actuarial founder Hilary Salt.
The shipping industry needs more time to prepare for auto-enrolment because of the unique challenges faced in enrolling offshore workers, First Actuarial says.