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Searching for: researcher is "paternoster"

Surveys listed in reverse order of publication date

Results 1-6 of 6.

Paternoster buy-out index: costs subject to unprecedented volatility in Q4 2008
Paternoster buy-out index: costs subject to unprecedented volatility in Q4 2008
Paternoster
28 Jan 2009 United Kingdom Scheme Issues & Trends, Investment - General, Pension Buy-out Companies
The latest results of Paternoster's buyout index show that for schemes which remained heavily exposed to equities, the affordability of buyout remains unchanged over the last quarter of 2008 and that over the year to 31 December 2008, the net cost of buyout for these schemes became 13% more expensive.

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Jan 2009 or click here (this link will not work in all circumstances). For further information about Perspective click here.

B045895D   Click here to contact the authors.
 
The cost of buyout
Trends in pricing and affordability
Paternoster
5 Nov 2008 United Kingdom Scheme Issues & Trends, Pension Buy-out Companies
The Paternoster buy-out index shows that the combination of falling asset values and the impact of anticipated defaults on bond yields has reduced the affordability of buy-outs. This will particularly be the case for schemes that have substantial equity holdings and are looking to buy-out deferred as well as pensioner liabilities. However, pensioner buy-outs that are supported by a derisked investment strategy remain up to 15% more affordable than at the beginning of 2007 and are little changed since March.

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Nov 2008 or click here (this link will not work in all circumstances). For further information about Perspective click here.

2D44532C   Click here to contact the authors.
 
Paternoster buy-out index: key findings show pensioner buy-outs are 15% more affordable
Paternoster buy-out index: key findings show pensioner buy-outs are 15% more affordable
Paternoster
29 Jul 2008 United Kingdom Scheme Issues & Trends, Investment - General, Pension Buy-out Companies
Pasternoster has published its latest quarterly buy-out index which tracks pricing trends in the defined benefit pension scheme buy-out market by looking at the pensioner and deferred member liabilities of a defined benefit pension scheme. The buy-out index shows that during the quarter to 30 June 2008, schemes substantially invested in equities saw the cost of buy-out rise by 7% and schemes invested in gilts and AA corporate bonds saw a 4% increase in the cost of buy-out over the same 90 day period. The combination of a 10% reduction in pensioner buy-out cost and a 7% increase in gilt and bond assets has led to pensioner buy-outs being 15% more affordable at 30 June 2008 than they were at 31 December 2006.

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Jul 2008 or click here (this link will not work in all circumstances). For further information about Perspective click here.

D74319D0   Click here to contact the authors.
 
Paternoster launches quarterly "buy-out affordability" index
Paternoster launches quarterly "buy-out affordability" index
Paternoster
21 May 2008 United Kingdom Pension Buy-out Companies
Paternoster has revealed analysis showing a significant reduction in the cost of insuring the risks associated with defined benefit pension schemes. In Q1 2008, the cost of securing a typical group of deferred member liabilities fell by 10%, whilst for pensioner members it reduced by 6%. In the same period, the cost of securing all liabilities fell by 8%, but rose by 3% in April.

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> May 2008 or click here (this link will not work in all circumstances). For further information about Perspective click here.

78419987   Click here to contact the authors.
 
Research shows a wide range of assumptions underlying actuarial valuations of pension funds
Research shows a wide range of assumptions underlying actuarial valuations of pension funds
Paternoster
26 Sep 2007 United Kingdom Trustees, Scheme Issues & Trends, Funding and Minimum Funding Requirement
Findings of research launched by regulated insurance company Paternoster and the trustee journal Engaged Investor reveal an emerging trend towards trustees reflecting a market consistent approach when making their actuarial assumptions. Inflation assumptions as measured by RPI show a tight consensus around a 3% average, reflecting expectations that RPI will continue to exceed the Bank of England target CPI of 2%. The study showed evidence of a wide range of views on likely long term interest rate assumptions: the average was 4.8%, but the difference between the highest and lowest estimate was over 4%. Discount rates used also reflect a wide range of investment strategies, from 4.1% to 7.5%, with an average of 5.4%; the responses suggest a shift to setting discount rates using bond yields and away from taking advance credit for anticipated equity returns. 10% of pension schemes surveyed are funding on a discontinuance basis, a clear signal of a growing intent to buy-out. Chief executive Mark Wood commented: "Although the research revealed a growing consensus in important areas and an overall strengthening of assumptions, there is still a wide divergence of views in key assumptions and a widespread deficiency in estimates of life expectancy. Only 14% of respondents expressed complete confidence in their decisions which reinforces the concern that pension scheme valuations continue to be understated.”

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Sep 2007 or click here (this link will not work in all circumstances). For further information about Perspective click here.

DD3923B6   Click here to contact the authors.
 
Life expectancy for a 65 year-old man increasing by five hours a day
Life expectancy for a 65 year-old man increasing by five hours a day
Paternoster
30 Nov 2006 United Kingdom Surpluses and Deficits, Scheme Issues & Trends, Funding and Minimum Funding Requirement
Research conducted by Paternoster, the insurance company launched to take on the risks associated with companies’ final salary/defined benefit pension schemes, indicates that the average 65 year-old male today is expected to live over two years longer than a 65 year-old male ten years ago. Office for National Statistics (ONS) figures show that in 1993-1995 the life expectancy at age 65 was a further 14.5 years for males and 18.1 years for females (the equivalent figures for 2003-05 are 16.6 and 19.4 years respectively). When the ONS figures are adjusted to include projected future improvements, these figures rise to 19.7 years for males and 22.3 years for females respectively. The research carried out by Richard Willets, Paternoster’s Mortality Consultant, however suggests that these figures could be significantly higher and in the range of 20-22 years for males and 23-24 years for females. The research also shows that the pace of improvement seen today is faster than it has ever been before and is currently increasing at a rate of five hours a day for a 65-year old man.

More details are generally available exclusively to subscribers of Perspective, the electronic pensions legal & regulatory information and news service. To read the summary, subscribers should launch Perspective and navigate via the Table of Documents to PensionSurveys >> Nov 2006 or click here (this link will not work in all circumstances). For further information about Perspective click here.

D5356229   Click here to contact the authors.
 

Results 1-6 of 6.