Category Archives: annuity

GARs – a simpler way out for insurers…


This blog offers insurers a simple way out of the problem they have with Guaranteed Annuity Rates- it means paying the reserved for value of the policy rather than the (lower) investment value of the contributions. By way of explanation.. … Continue reading

Posted in annuity, EU Solvency II, investment, London, Pension Freedoms, pension playpen, pensions, Pensions Regulator | Tagged , , , , , , , , , | 6 Comments

Is commission really dying?


There has been nothing that has so harmed the image of pensions over the past thirty years as the deception of commission. I don’t want to use phrases such as “lack of transparency” or words like “opacity” words like these … Continue reading

Posted in annuity, Payroll, pension playpen, pensions | Tagged , , , , , , , , , , , , , , | 1 Comment

Let’s not get caught with our trousers down (again).


The reason we have NEST and its £400m debt to the tax-payer is that the private sector refused to commit to supporting auto-enrolment ten years ago. If the organisations like Legal & General, Standard Life and Aviva , could have … Continue reading

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When you’re 64… buy the state pension! (girls buy even earlier!)


  I chaired and spoke at a number of retirement income seminars last month – you may have been at one. While I was encouraged by the engagement and education of the audience in financial products, I was frustrated by the scope … Continue reading

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“How were those freedoms for you?” – Two events to help us find out!


The press offices of all the major insurers have been busy printing announcements of how they have seen a tenfold increase in enquiries about pension benefits this week. Pension Wise has been open for bookings and Michelle Cracknell and the TPAS … Continue reading

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Dissemblance and dissolution


    Britain’s most famous advert was produced by Ridley Scott for Hovis, it put my town Shaftesbury on the map for many people. A fake Hovis loaf still sits at the top of Gold Hill up which the young … Continue reading

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Knowing the “money” in “value for money”.


At last we may get to know what we really pay for the management of our funds so we can work out it it’s worth it. Continue reading

Posted in accountants, actuaries, annuity, investment, pensions, Pensions Regulator, risk | Tagged , , , , , , , , , , , , , , , , , | 1 Comment

The long walk to pension freedom


There is a walk to pension freedom – it needn’t be that long if we can get advice right. Continue reading

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How Government can ensure capacity for good pensions advice and provision


There are concerns over whether the UK has enough spare power capacity over the coming years. So to ensure the lights stay on the government is offering electricity producers a “capacity payment”, which is a payment simply for having power … Continue reading

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What should we pay for the annuity guarantee?


  The publication of the FCA’s market study on annuities has not met with much enthusiasm. Consumerists do not think it has gone far enough to punish lazy insurers. Those on the sell side find it hard to understand what … Continue reading

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