Category Archives: Liability Driven Investment

Is the game up for active fund management?


The Department for Communities and Local Government announced yesterday that £85bn of actively managed assets could be transferred to passive management and that the fund of fund structures could be collapsed into a collective investment vehicles. This is very significant … Continue reading

Posted in advice gap, Liability Driven Investment, pension playpen, pensions, Personal Accounts | Tagged , , , , , , , , , , , , | 2 Comments

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

You want a workplace pension for your staff? – delighted to help!


Mrs HR Dee Smallco Ltd. Sunny Uplands GB Dear Mrs Dee, Thanks for your enquiry. I can see you are sold on the idea of offering a workplace pension for your staff. You know you have to anyway, but I … Continue reading

Posted in advice gap, auto-enrolment, Liability Driven Investment, mallowstreet, Management, NEST, pension playpen, pensions, workplace pensions | Tagged , , , , , , , , , , , , , , | 1 Comment

When pensions de-mutualise


When you take the mutuality out of pensions , you take good pensions out of mutuals. Continue reading

Posted in actuaries, auto-enrolment, de-risking, defined aspiration, Financial Education, First Actuarial, John lewis, Liability Driven Investment, Management, pensions | Tagged , , , , , , , | 6 Comments

Do investment consultants need qualifications?


failure cannot be attributed to poor investment consultancy, more to an absence of investment consultancy where it matters Continue reading

Posted in actuaries, auto-enrolment, Bankers, corporate governance, dc pensions, de-risking, Financial Education, Liability Driven Investment, mallowstreet, pensions | Tagged , , , , , , , | 2 Comments

More cobblers from investment experts on DC pensions


I am afraid I have to report yet more moronic thinking from the investment community showing their  disconnect with the ways and means of everyday folk. Example one is from Lyxor, who used to be called Societe Generale until they screwed … Continue reading

Posted in auto-enrolment, Bankers, club pension, Consolation, dc pensions, defined aspiration, happiness, Liability Driven Investment, mallowstreet, NEST, pension playpen, pensions, Personal Accounts, Public sector pensions, with-profits | Tagged , , , , , , , | 8 Comments

Why we need to say “NO” to pension guarantees!


On Monday the Institute and Faculty of Actuaries delivered a paper stating that it would be able to deliver a system of lock-in guarantees at a price of less than 1% pa of the fund that could be used by … Continue reading

Posted in actuaries, annuity, auto-enrolment, Bankers, club pension, corporate governance, customer service, David Pitt-Watson, dc pensions, defined aspiration, EU Solvency II, FSA, happiness, Liability Driven Investment, NEST, pension playpen, pensions, Personal Accounts, Retirement | Tagged , , , , , , , | 15 Comments

Sorting the pensions of the “squeezed middle”.


There are three distinct streams among those old enough to work and young enough not to, Stream One is for  those who can look forward to retirement with a degree of confidence because their employer is guaranteeing it. They are primarily … Continue reading

Posted in annuity, Bankers, corporate governance, dc pensions, de-risking, EU Solvency II, Fiduciary Management, FSA, Henry Tapper blog, Liability Driven Investment, Martin Lewis, NEST, pensions, Personal Accounts, Retail Distribution Review, Retirement | Tagged , , , , , , , , , , | 10 Comments

Meaningless choice


“choices should only be offered where they are meaningful, timely and can be taken in the full understanding of both up and downside”.
Continue reading

Posted in annuity, corporate governance, customer service, de-risking, Fiduciary Management, Liability Driven Investment, NEST, Retail Distribution Review, Retirement | Tagged , , , , , , , , , , , , , , , , , , , | 5 Comments

Ticking timebombs in the pension cupboard


When things go wrong in DC pension administration they go badly wrong. The old axiom is “right first time”. The cost of unravelling a mistake can be ruinous. Take the case of the Dutch insurer Aegon, whose UK subsidiary formerly Scottish Equitable- has had … Continue reading

Posted in annuity, corporate governance, customer service, dc pensions, de-risking, Liability Driven Investment, NEST, pension playpen | Tagged , , , , , , , | 1 Comment