Well, 2023 has been busier than I expected, hence the delay for an update until end 2022. Apart from extending the statistics, I have also looked at varying the expected off-market return and the charts have been updated.
Jon 17 Oct 2023
Yes, I have updated until end 2021 but it’s taken me a while. This time, I’ve added an extra page about LDI and extra material covering “excess caution” and “annuity fund exhaustion”. However, the number of experiences has been reduced from 6 to 4 and I am no longer including index-linked gilts.
Jon 29 Nov 2022
A couple of days ago, I accidentally destroyed the charts, which have now been restored. A slide deck with those charts has been added for those who would prefer that. Yes, I shall be updating until end 2021.
Jon 23 Dec 2021
Since May 2020, when the website was updated until the end of 2018, I have now developed it until the end of 2019. Apart from using HTML5 charts (instead of Flash) and commenting upon the TPR 2020 DB pension schemes consultation, I have also widened the range of financial assumption experiences.
Jon 03 Dec 2020
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