Category Archives: defined aspiration

The great pensions rotation


“Everything dies honey that’s a fact, and everything that dies some day comes back” – Bruce Springsteen DB died the day they guaranteed indexation. DA will be born the day they take that guarantee away. Ring out the old, ring … Continue reading

Posted in dc pensions, de-risking, defined ambition, defined aspiration, FSA, pension playpen, pensions, Pensions Regulator | Tagged , , , , , , , , , , , , | Leave a comment

“We are as concerned as we can afford to be”


The DWP has now presented the draft bill that will enable Defined Ambition pensions to be set up, probably from this time in 2016.  While lawyers pour over the clauses, it’s worth considering the responses the Government received to the ideas … Continue reading

Posted in David Pitt-Watson, dc pensions, defined ambition, defined aspiration, drawdown, pensions, Pensions Regulator, Public sector pensions | Tagged , , , , , , , , , , , , , , , | Leave a comment

The Queens Speech; the sausage sandwich game – for pensions!


The Pensions Reforms in the Queens Speech had been broadly flagged in the Sunday Telegraph and subsequently. Nonetheless, the inclusion of Defined Ambition Pensions (aka CDC) (aka Target Pensions) is still a major surprise and will further stretch the UK … Continue reading

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

Target Pension Plans


 This is a briefing to employers and politicians from the Friends of CDC. Target Pension Plans are a new type of pension plan for the UK. Also known as Collective DC plans, they work on a pooled basis, where members … Continue reading

Posted in actuaries, advice gap, auto-enrolment, David Pitt-Watson, dc pensions, defined aspiration, Personality | Tagged , , , , , , , , , , , , | 5 Comments

How I want my hard-saved earnings – thoughts on a walk!


  Not many people fantasize about the letter they will get from their workplace pension provider when they get to the point they can start spending their hard- saved earnings. As I made my way around Studland Bay, Old Harry … Continue reading

Posted in advice gap, annuity, Bankers, Blogging, CDC, dc pensions, defined aspiration, FCA, Financial Conduct Authority, NEST, pension playpen, pensions | Tagged , , , , , , , , , , , , | 4 Comments

Princess Margaret does it for me


Thursday night’s when the Pension Personality awards get judged. That no-one can remember who the current Pension Personality is , suggests that this is about as useful a gong as Gillingham and Shaftesbury Carnival Queen which I once entered in … Continue reading

Posted in Change, Charity, dc pensions, de-risking, defined aspiration, pensions | Tagged , , , , | Leave a comment

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 , , , , , , , , , , , , , , , , , , , , , , | 3 Comments

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