Monthly Archives: July 2012

DC isn’t working says Hymans Robertson- I agree – let’s change that!


Pensions apathy from companies and employees is creating a new labour headache for UK PLC and delivering poor outcomes for employees on their pensions. Suspicions that defined contribution (DC) company pensions are failing have been confirmed in a new report by … Continue reading

Posted in actuaries, annuity, auto-enrolment | Tagged , , , , , , , | 5 Comments

“Ambitious” pensions can save you from staging a disaster


Organisations with 500 or more employees have been written to recently by the DWP with a reminder that in 2013 they have to “stage” auto-enrolment. Companies which historically provide and promote pensions to their staff will take all this in their stride But staging … Continue reading

Posted in actuaries, auto-enrolment, corporate governance, dc pensions, defined aspiration, Retirement | Tagged , , , , , , , | 6 Comments

Stop moaning Britain!


I am in Manchester , it is raining- Jenny K is tweeting there’s no such verb  as “to medal”, the pensions world is indignant but I have the sun strapped over my shoulder and shout out “cheer up, stop moaning and enjoy the … Continue reading

Posted in Change, dc pensions, London, Olympics, Olympics 2012, pension playpen | Tagged , , , , , , , | Leave a comment

Aggers and Vaughan at Archery


Image | Posted on by | Leave a comment

Twenty reasons to love these Olympics (and they’re only 2 days old)


The volunteers – they’re everywhere, they are helpful, they are the heart and soul of the Olympics THANKS The army – cancelling holidays to make this work - brilliant efficient reassuring THANKS Danny Boyle for helping us understand why we’re proud … Continue reading

Posted in London, Olympics, Olympics 2012 | Tagged , , , , , , , | 2 Comments

It’s not just about medal tables!


I’ve been rude about the Olympic Park before now, earlier in the year I took the family to a warm up event which turned out to be an exercise in lock down, it rained, we saw little and we got cold. … Continue reading

Posted in Occupy London, Olympics, Olympics 2012, pension playpen | Tagged , , , , , , , | 1 Comment

Come Racing at Windsor!


All summer long we’ve been waiting for some sun, and whew- it’s come! London‘s best kept secret is Windsor races on a Monday night. Whatever racecourse let you arrive by boat? Where else do the stallhandlers bunk off from their … Continue reading

Posted in Horse racing, Olympics, Olympics 2012 | Tagged , , , , , , , | Leave a comment

End of an epoch?


This is an article by Con Keating, reproduced with his kind permission. It’s hard but it’s worth it- Con is the cleverest man in town. The demise of the Bretton Woods system in the 1970s was epoch-defining; it constituted a massive shift of … Continue reading

Posted in Bankers, Change, economics, EU Solvency II, Treasury | Leave a comment

Send in forensic actuaries to sort out these “rip-off” pensions!


Spookily, a couple of hours after I’d published yesterday’s blog about how the DWP had ducked the dodgy question of how to sort out legacy pension charges, Steve Webb, the Pension Minister issued an appeal to the pensions industry to … Continue reading

Posted in actuaries, annuity, auto-enrolment, corporate governance, customer service, dc pensions, Fiduciary Management, Financial Education, leadership, Retirement, Treasury | Tagged , , , , , , , | 18 Comments

“The first cut is the cheapest” – transferring legacy pensions


We all know the song. The revised phrase was coined by stockbrokers who’d tell their customers to sell out of a failing stock before it’s price fell again. The phrase use to be sung to Equitable Life policyholders who hung … Continue reading

Posted in actuaries, annuity, auto-enrolment, Change, dc pensions, defined aspiration, pension playpen, pensions, Personal Accounts, Retirement | Tagged , , , , , , , | 15 Comments