Time spent on a narrow boat slipping along Britain’s restored canals is to experience a pace of life from a time gone by.
The clock ticks less insistently as you busy yourself with ropes or the helm to be part of what was once at the heart of Britain’s roaring industrial revolution. Yet the history of our canal network is a symbol of the kind of change we are experiencing at the moment.
Investment and engineering flair turned Britain’s waterways into the principal trade route for the raw materials, manufactured goods and commodities connecting our major cities to the rest of the country and the world beyond.
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“Pension scheme liabilities are at all time highs” and “gilt yields are at all time lows” are some of the current headlines within the defined benefit (DB) pension world. You could be forgiven for concluding that UK DB pensions are in a systematic crisis.
Should liabilities and gilt yields be as closely linked as the headlines suggest? This quarter, we focus on alternative discount rate methodologies for funding purposes and take a look at expected accounting assumptions as at 30 September 2016. We also provide our usual updates on PPF levies and the buy-out market.
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Sir Isaac Newton is one the most celebrated scientists of all time. Probably his two most significant contributions were; firstly, the theory of colour, in which he observed the refraction of light through a prism separating the light into its constituent spectral colours; secondly, is of course, his laws of motion (and by extension the essence of gravity), which together provide the foundation for modern day physics.
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Valuation of the Local Government Pensions Scheme (England and Wales) is carried out every three years, with the calculations now underway for 31st March. This note looks at the likely outcome of the 2016 valuation, together with the actions that employers with Admission Bodies in one or more of the individual LGPS funds, might wish to consider.
For the full briefing note, click here.