Investment Life & Pensions Moneyfacts: A poor harvest
This article was originally commissioned and published in September 2012 for Investment Life & Pensions Moneyfacts publication. It is written by Tom Murray, Head of Product Strategy at Exaxe....
View ArticleIncome Drawdown rule changes must be reversed
The changes wrought by the current Government to the Income Drawdown regulations, i.e. the restriction of the level of drawdown to 100% of the Government Actuarial Department annuity rates rather than...
View ArticleActuarial Post – Inner Workings: Mrs Warren’s Profession
By Tom Murray, Head of Product Strategy, Exaxe. On seeing a recent production of George Bernard Shaw’s play Mrs Warren’s Profession, I was reminded of how the play scandalised its London audience at...
View ArticleWhy are we afraid of compulsory pensions?
At the National Association of Pension Funds (NAPF) annual conference 2012, the pensions minister was quite adamant that compulsory savings could cause “an awful lot of trouble” if introduced to the UK...
View ArticleActuarial Post – Inner Workings: Solvency II and the insurance industry
By Tom Murray, Head of Product Strategy, Exaxe. When most actuaries join a life and pension’s firm they imagine their work will be mainly around the development of new products and providing the...
View Article“Caveat venditor” – another superficial solution
The establishment keeps contradicting itself over the entire pensions’ area because they won’t face up to the basic fact that investment is a ‘risk’ business and people who take risks sometimes lose...
View ArticleRegulation to safeguard savers is self-defeating
We need to grow up and accept risk. There is no way that we can invest money and hope for significant growth outstripping inflation without undergoing some risk that investments may go wrong and the...
View ArticleActuarial Post – Inner Workings: Embrace social media
By Tom Murray, Head of Product Strategy, Exaxe. Let’s get this out of the way at the start; social media websites here to stay. The various networks and communication arenas that have mushroomed over...
View ArticleParti Quebecois breathes life back into VRSPs
The news that the new Quebec Government is going to look at resurrecting the Liberal’s Voluntary Retirement Savings Plan (VRSP) proposal is great news for the future of retirement in Canada. Of all the...
View ArticleTechLife Exaxe Newsletter December 2012
The December print edition of TechLife is now available. TechLife is published every quarter and is filled with industry news, white papers and information on legislative changes. If you wish to...
View ArticleGovernment takes the first step with pension reform
The government’s white paper on pension reform is a big step on the road to a simpler, fairer and more comprehensible system. The ending of contracting out and the amalgamation of the second state...
View ArticleActuarial Post: Perpetual Motion – The lives we live today
By Tom Murray, Head of Product Strategy, Exaxe. The UK Patent Office refuses to grant patents for perpetual motion machines on the basis that they have no industrial application. While any perpetual...
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Canada should be wary of increasing CPP
Since the initial 2010 decision to implement Pooled Registered Pension Plans (PRPPs), there has been little progress. The federal government has passed the bill enabling the concept but there has been...
View ArticleInvestment Life & Pensions Moneyfacts: A new ‘trusted’ network
This article was originally commissioned and published in January 2013 for Investment Life & Pensions Moneyfacts publication. Tom Murray, Head of Product Strategy at Exaxe, explores the rise of...
View ArticleThe next train to leave this Platform…
… is taking away large amounts of assets Where now for platforms? Over the last 10 years, the amount of Assets under Administration (AUA) has built up to the point where over £232 billion is now under...
View ArticleActuarial Post: Cloud technologies aren’t for dreamers
By Tom Murray, Head of Product Strategy, Exaxe. Les Miserables, this year’s must-see Oscar-nominated film of the well-known UK musical may seem to have little to do with technology. There is, however,...
View ArticleBritish Columbia improves on Quebec’s PRPP approach
The recent budget from the government of British Columbia (BC) was notable for its take on the Pooled Registered Pension Plan strategy. Unlike the original Quebecois proposals, which mandated provision...
View ArticleTechLife Exaxe Newsletter March 2013
The March print edition of TechLife is now available. TechLife is published every quarter and is filled with industry news, white papers and information on legislative changes. If you wish to receive a...
View ArticleIs the Chancellor brave enough to tackle Public Sector pensions?
There can be little doubt that last year’s big announcement of the flat rate state pension was a major transforming moment for UK pensions. This is only the start of the changes that need to happen to...
View ArticleUK Budget 2013: Public sector – 1, Private Sector – 0
The 2013 budget has been revealed with a couple of surprises that balance each other out without actually making a dramatic change. Thankfully, the Chancellor resisted the temptation to fiddle around...
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