Category Archives: defined aspiration

All the right funds- not necessarily in the right order (a budget prescient blog)


  I wrote this blog hours before the budget which abolished annuities. For some reason I decided this morning, to write about investment as if annuities didn’t exist. From 2015, for new pensioners- they will no longer be the default, … Continue reading

Posted in auto-enrolment, CDC, corporate governance, dc pensions, de-risking, defined aspiration, Payroll, pension playpen, pensions, Popcorn Pensions | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Buying pensions with certainty need not cost the house


it’s time that the Government progressed its role as a partner in private provision, further than the tentative steps it has taken this parliamentary term. Continue reading

Posted in dc pensions, defined aspiration, pensions, Public sector pensions | Tagged , , , , , , , , , , , , , , | Leave a comment

A full frontal retreat on charges


If we are to restore public confidence in pensions, we need action not more procrastination. Continue reading

Posted in advice gap, annuity, auto-enrolment, dc pensions, defined aspiration, pension playpen, pensions, Popcorn Pensions | Tagged , , , , , , , , , | 1 Comment

What’s this charge cap really going to cost? (1000th blog)


Ringing out the old and ringing in the new should be managed with a little more responsibility than the approach adopted by the DWP through their dodgy Impact Assessment Continue reading

Posted in club pension, dc pensions, defined aspiration, governance, Liberal Democrats, pension playpen, pensions, Popcorn Pensions, Retail Distribution Review, Retirement | 2 Comments

A race to the top?


We will not get this problem sorted out in a meeting room in the DWP, though the DWP can clear the decks and allow us to operate with a clean sheet of paper. Continue reading

Posted in actuaries, annuity, CDC, Change, dc pensions, de-risking, defined aspiration, happiness | Tagged , , , , , , , , , , , | 1 Comment

Why insurers, not pension schemes, have taken the infrastructure challenge


The announcement this morning of  the National Infrastructure Plan (NIP) includes the government selling off its 40% stake in the Eurostar rail service. In all, about £375bn of investment in energy, transport, communications, and water projects is planned. You can … Continue reading

Posted in auto-enrolment, Bankers, brand, dc pensions, de-risking, defined aspiration | Tagged , , , , , , , , | 1 Comment

Let’s rid us of financial carnage at retirement


I’m really interested in why pension schemes don’t provide more support. Any views out there on what the biggest barriers to providing more support than basic communication and a signpost to MAS or TPAS or Unbiased? Continue reading

Posted in advice gap, annuity, auto-enrolment, customer service, dc pensions, de-risking, defined aspiration, pensions, Popcorn Pensions | Tagged , , , , , , , , , , , | 1 Comment

The Vision of the Plowman


The “Vision of the Pension Plowman” is a bastardisation of the title of a 14th century english Poet (William Langland’s) great poem, “the Vision of Piers Plowman”. In this great book, the Plowman falls asleep by a stream and dreams … Continue reading

Posted in Consolation, defined aspiration, Henry Tapper blog, pension playpen, poetry, social media, welfare | Tagged , , , , , , , , | Leave a comment

King Canute got governance about right!


If we are to become as effective in the management of our pension funds as our German and Dutch cousins, we are going to have learn the lessons of Canute and concentrate our governance though centralised channels focussing on things we can do something about. Continue reading

Posted in advice gap, annuity, auto-enrolment, David Pitt-Watson, dc pensions, defined aspiration, FSA | Tagged , , , , , , , , , , , , | Leave a comment

“My word is my Eurobond” – pensions without banks


We have become so obsessed with the paradigm created by Megabank that we consider a “limited level of positive return..guaranteed” something to aspire to. Continue reading

Posted in Bankers, dc pensions, defined aspiration, pensions | Tagged , , , , , , , | 3 Comments