In 2012 Gazelle started development of an integrated risk model for DB pension schemes which resulted in Gazelle’s Mousetrap integrated risk model becoming the first commercially available IRM model.
In 2016 and 2017 Gazelle was retained by the PLSA DB Task force to provide integrated risk modelling and associated input for the PLSA DB Task Force Reports. The Mousetrap model was also referred to in the 2016 DWP Green Paper on DB Pensions. These and associated articles and papers can be accessed below.
Articles and papers
tPR Funding Consultation Integrated Modelling Study
Simon Willes, Xiao Han and Almas Mussanov, September 2020
De-risking too far?
Simon Willes, The Actuary, September 2019
New ‘superfunds’ gear up to manage Britain’s deficit-ridden pensions
Carolyn Cohn, Reuters, May 2019
We must find the right fix for the UK’s defined benefit pensions
Jonathan Ford, The Financial Times Ltd, February 2019
What drives UK defined benefit pension funds’ investment behaviour?
Bank of England Staff Working Paper No.757, October 2018
UK retailers: tough times
Investors & Pensions Europe, September 2018
IFoA NED Member Interest Group Seminar
Transcript of talk by Simon Willes
Opportunities for Change
September 2017 DB Taskforce Report
The Case for Consolidation
March 2017 DB Taskforce Report
Security and Sustainability in Defined Benefit Pension Schemes
Pensions and Lifetime Savings Association DB Task Force modelling
DB Taskforce Interim Report
October 2016 DB Taskforce Interim Report
Estimation of the longer-term loss of benefits for UK defined benefit scheme members
A Study commissioned by the PLSA from Simon Willes, Chairman, Gazelle, October 2016
Appetite for change – Why VaR may not be a healthy option for setting risk
Simon Willes, Alex Barrell, March 2015
