Monthly Archives: November 2010

Happiness and harm


Time will tell whether the Coalition Government has created a credible and sustainable system which allows us to measure and understand “government finances and the structure of the State”.

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A massive failure of nerve – the sad state of our DC pensions


Last year 460,000 people bought annuities from their DC pensions, Two thirds of these people did not bother to get the best rate for their accumulated funds and as a result suffered on average a 10% lower pension than those who did. Continue reading

Posted in corporate governance, dc pensions, de-risking, EU Solvency II, Fiduciary Management, Liability Driven Investment, NEST, pensions, Personal Accounts, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | 9 Comments

DC – a victim of “mark to market” evangelism?


At present, the DC affluent can protect themselves through the use of phased retirement and income drawdown. Those with small DC pots are least protected from market vagaries.
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The Grand old Duke at NEST- he had 5 million men


NEST has spent a good deal of time telling us how it will get its 5 million plus members up the retirement hill but very little on how it will get them down again.

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NEST- the irrefutable case for “Scheme Pensions”.


That we have spent no time discussing the deaccumulation of NEST funds is a scandal. It is time for this subject to be put on the public agenda – if it is not, then NEST should be branded a half-baked project.
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Big-Up for NEST’s investment strategy


I’ve been growing ever more confident that NEST is going in the right direction- especially with regards investment options.
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The Risks of DC Default Options


If you are in the default fund of your group personal pension you have the right to ask these questions. Continue reading

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Who should be managing DC defaults?


The first step in sorting out DC defaults is to establish where the buck stops and focussing appropriate resource at that point. Continue reading

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Bunnies, Bears and Badgers


There seems to be a misconception among some of my colleagues that people should be engaged with the investment of their pension fund. I do not share this view.

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Advice and leadership


The Government has finally found a way forward Continue reading

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