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[discount_rates_problem] [site_update]

Arising out of correspondence in The Actuary (UK), I realised that I had not given enough prominence to the incredibly heavy pension burden borne by UK private sector employers; that has been amended, as has the navigation. Yes, the 2019 sums are going ahead, as is the conversion of the charts from Flash to HTML5.

Jon    11 May 2020

During 2019, I presented to 7 different actuarial audiences, the most recent being to SIAS on 03 December 2019 (read alone PPT here). As I was focused upon updating the sums and the conclusions drawn, this website is being updated to reflect financial statistics until the end of 2018, many months later than originally intended. Hopefully, updating until the end of 2019 will be faster.

Jon    20 January 2020
 

After less than a month, I have updated the website in order to allow for an extended "long-term" section (with a new “risk premium” chart) and to refine the long-term return estimates; there will be more.

Jon    22  August 2018
 

This website was originally launched in July 2015. Since then, I have used a newer, wider (and narrower) dataset plus some of my personal DWP DB Green Paper submission in May 2017. Although I had actually updated this site on 11 July 2018, I have since realised that there are newer ONS MQ5 numbers (used below in “funding_nightmare”).

Jon  22  July  2018