10 Initiatives to Ally Pensions and Growth and “The Gruffalo’s Grandparents”

On Pension Playpen on 27th May, ​C-Suite Pension Strategies set out 10 initiatives to ally pensions and growth and introduced “The Gruffalo’s Grandparents”.  

You can watch the debate on Henry Tapper’s blog:
McGrath keeps actuaries honest (warning blunt video inside) | AgeWage: Making your money work as hard as you do

The How To Run On 4 Good Guide for Regulators

The 10 initiatives to ally pensions and growth set out by C-Suite Pension Strategies require:

Initiative	Over To
Scrutiny of actuarial work	FRC (ARGA)
Dealing with sector conflicts of interest (Ref CMI)	IFoA
Set compliance priorities (TAS300V2)	FRC / TPR
Disclosures in PRT deals	FRC / TPR / FCA
End folklore re PPF / fiduciary duty	PPF
End regulatory arbitrage (Life insurers’ gravy train)	TPR / PRA
Support Credible Alternatives (long-termism)	PRA / FRC
Deal with patronage power	CMA
Coordinate regulators	JFAR_TSAR
Exercise discretion	HMT / TPR

Self-correction will be a force because the sector appreciates new attitudes are overdue.  It will bring new long-term asset allocations and sponsor / member enthusiasm to see discretionary payments.

Good, effective, coordinated, regulatory action is the breath of fresh air the sector needs.  Time for TSAR (The Supremo of Actuarial Regulation) to lead JFAR (a revived Joint Forum on Actuarial Regulation).  The Bell should ring.

Run On 4 Good : All Stakeholders Benefit from Concrete Proposals for Growth