The commentary is more technical than we can cover here, and more of interest to
practicing pension actuaries, but what I gleaned from it is what I mentioned earlier.
Not exact matches
In
practice, it falls into the hands of scammers, notably the insurance industry, who gull clots into paying premiums for things that are statistically hardly likely to happen; or the
pensions industry, which also employs armies of top notch scientists called
actuaries, who being so brilliant failed to notice people were living longer & longer which is why so many near pensioners prospects are screwed.
A steadily growing part of Peter's
practice concerns claims against financial practitioners,
actuaries or
pensions consultants, such claims often arising from allegations of poor investment advice or the mis - selling of financial products.
The Committee, based on historical
practices and on advice received from the
pension fund
actuary, decided the COLA benefit should be 100 % of the CPI increase, to the maximum of 3 %.