Category Archives: Fiduciary Management

A promise or a guarantee?


If Steve Webb wants AE to work, he should stop turning promises into guarantees and burdening employers with unforeseen liabilities and huge consultative and administrative costs. Continue reading

Posted in actuaries, auto-enrolment, corporate governance, EU Solvency II, Fiduciary Management, leadership, Liability Driven Investment, pension playpen, Popcorn Pensions, steve webb | Tagged , , , , , , , , , , , | Leave a comment

And why these “employer duties”?


Employers do not have fourty year business plans but employees do. We call those plans “careers”. Continue reading

Posted in auto-enrolment, corporate governance, David Pitt-Watson, dc pensions, Fiduciary Management, governance, Henry Tapper blog, pension playpen, pensions, Retirement | 5 Comments

Give a straight red to active member discounts


What are active member discounts (AMDs) and what’s so wrong with them? Continue reading

Posted in auto-enrolment, brand, dc pensions, Fiduciary Management, pensions, Personal Accounts, Popcorn Pensions | Tagged , , , , , , , | 17 Comments

How the banks try to f*ck us – and how we deal with them


It’s Sunday morning and I am reading a poem written around 1936 by Ezra Pound. It is about Usury , in this context the bad practice of the Medici Bank which Pound claimed screwed up the great artistic achievements of medieval … Continue reading

Posted in economics, ezra pound, Fiduciary Management, Financial Education, Fred Goodwin, governance, happiness, pensions, poetry, Popcorn Pensions | Tagged , , , , , , , | Leave a comment

Who’s been sleeping in my bed? Shocking stuff on stock lending.


Storage companies do not lend out your property, but fund managers do! Continue reading

Posted in dc pensions, Fiduciary Management, Financial Education, First Actuarial, NEST, pension playpen, pensions, stock lending | Tagged , , , , , , , , , | 8 Comments

Pension agnostic?


An “agnostic” is someone who knows he cannot know and so gives up trying to find out. You hear the phrase “pension agnostic” bandied around at the moment, mainly from the providers of ancillary services that help companies auto-enrol. If you key … Continue reading

Posted in actuaries, Consolation, corporate governance, dc pensions, defined aspiration, Fiduciary Management, Financial Education, First Actuarial, hargreaves lansdowne, pension playpen, pensions, Retirement | Tagged , , , , , , , | 7 Comments

The solid value of insurance


“The people I talk to full into one of two categories, either you’ve built up some money and want to hang onto it, or you are looking to .” That was our opening gambit when we met with prospects. I … Continue reading

Posted in economics, Fiduciary Management, life insurance, pensions | Tagged , , , , , , , | 1 Comment

“Comply or explain” – will “bottom up” regulation work for pensions?


“Comply or Explain” is a phrase that crept into the “corporate governance” lexicon after the 1992 Cadbury report. The idea’s that rather than demand compliance with Government standards, regulators give companies the option to comply or explain why they haven’t. … Continue reading

Posted in auto-enrolment, club pension, corporate governance, customer service, Fiduciary Management, Financial Education, napf, NEST, pension playpen, pensions, Retirement | Tagged , , , , , , , | 11 Comments

Is there a future for defined benefit pensions?


The TUC has published a working paper written by my colleague Hilary Salt entitled “the future of defined benefit pensions provision” which is a very good read. You can reach it here. The wags among you may consider that you could … Continue reading

Posted in dc pensions, de-risking, defined aspiration, Fiduciary Management, Financial Education, First Actuarial, NEST, pensions, Public sector pensions, Retirement, Trades Union Congress | Tagged , , , , , , , | 8 Comments

Why we mustn’t let the Royal Mail “pension solution” become a precedent


In Pension Age’s May edition, Paddy Briggs argued that the member’s best interests were not being served by the Government’s “sequestration” of the assets of the Royal Mail’s pension fund. Roger Turner produced a cogent riposte in your July/August issue … Continue reading

Posted in Fiduciary Management, Financial Education, Management, pensions, Public sector pensions, Royal Mail | Tagged , , , , , , , | 2 Comments