Category Archives: Bankers

Annuity reform- payroll needs to be in the front seat!


Yesterday I wrote about the positives of the proposed abolition of compulsory annuitisation for the life insurers active in the UK pensions market. Today I want to share thoughts on payroll, who are always the last to be consulted and the … Continue reading

Posted in advice gap, annuity, auto-enrolment, Bankers, Payroll, pensions | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

I’m in- who’s out?


  I’m serving up a dish which may have gone cold in your inbox or may not have reached you at all. Personally I’m not concerned about opt-out rates, even if they crept above the 9% generally advertised. That Ceridian … Continue reading

Posted in advice gap, auto-enrolment, Bankers, brand, Change, corporate governance, Payroll, pensions | Tagged , , , , , , , , , , , , | Leave a comment

How pensions are impacted by the bank bonus culture


State Street need something better than the “need and greed” culture that fostered these frauds and Mastertrusts and IGCs need something better than the toothless response to these excesses Continue reading

Posted in Bankers, State Street, target date funds | Tagged , , , , , , , , , , , , , , , , , | 1 Comment

“What’s it like to be retired?”


It could be the trending chant at any event that Alex Ferguson turns up to – a taunt to a man who having lost control has seen slump into mundanity in a few short months. Financial wellbeing in later life … Continue reading

Posted in annuity, auto-enrolment, Bankers, Facebook, Financial Education, First Actuarial, pension playpen, pensions, Popcorn Pensions, Public sector pensions, steve webb | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Something every UK start up should know about finance!


Pension PlayPen Ltd is funded in part by a SEIS. We are a start up funded by the private savings of its Founding Directors. We know it’s hard to get funding from the banks. We know it’s hard to keep … Continue reading

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The shape of things to come? US class action on DC fees


Thanks to my favourite Swedish lawyer, Per Andelius for this extraordinary story. Fidelity are being taken to court by members of their DC plan for charging $355 record keeping fees per member against an underlying cost of $10. Why this matters because … Continue reading

Posted in actuaries, advice gap, Bankers, governance | Tagged , , , , , , , , , , , , | 1 Comment

What do you do when the lights go out?


Professional Pensions run the story of the £22.9m fine dished out to State Street who had been double charging clients for years. I had thought of custodians till recently as their name suggests as guardians of assets, not as asset strippers. … Continue reading

Posted in Bankers, governance, pensions | Tagged , , , , , , , , , , , , , , | 2 Comments

Fund management’s like a car-boot, you’ve got to know what you’re paying (and what you’re buying).


Fund management’s like a car-boot, you’ve got to know what you’re paying (and what you’re buying). Continue reading

Posted in auto-enrolment, Bankers, brand, Farefail, Financial Education, First Actuarial, FSA, hedge funds, infrastucture, investment, London, Management, middleware, NEST | Tagged , , , , , , , , , , , , , , , , , , , | Leave a comment

Good with food – not so good with money.


The sad events at the Co-operative Bank this year are not the first financial services scandal to hit the Co-operative movements. Less publicised but no less carnal, was the behaviour of the management of Co-operative Insurance Services (CIS) who were … Continue reading

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Humankind cannot stand too much reality.


TS Eliot was right as the game-makers King have proved with their addictive smart phone and Facebook app Candy Crunch. Candy Crunch is a game that involves wiping out rows of candy shaped icons from a screen. Wipe enough and … Continue reading

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