Category Archives: NEST

Better hid.


The trustees of NEST have been faced with a dilemma and it’s clear they have considered it and taken decisive inaction. This blog sets out to explain  and justify why the Trustees of our National Employers Savings Trust have chosen … Continue reading

Posted in NEST, State Street | Tagged , , , , , , , , , , , , , | 3 Comments

A capacity crunch?


The prospect of debating whether we get a capacity crunch in Auto-enrolment drew a capacity-crunching crowd to Wragge & Co.’s offices yesterday afternoon. Under the convenance of heroically quiffed Andy Agethangelou, some 50 of us attended a symposium on the current state … Continue reading

Posted in auto-enrolment, customer service, dc pensions, NEST, Payroll, pension playpen, pensions | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Too big to worry about – what’s should we do about State Street?


I wrote yesterday about State Street’s £22.9m fine from the FCA for stealing $20.2m from 6 large clients.  Whether this was all the money stolen or whether these were the clients who they found out about is not mentioned. We’ll … Continue reading

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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

How Large Pension Schemes raise standards for all


One of the odd things (asymmetries) about pensions is that 90% of the attention is focussed on 10% of the schemes. The top 100 pension funds in Britain have more assets under management than the next 900 . And if … Continue reading

Posted in investment, leadership, London, NEST, pensions | 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

The politics of pensions – how the landscape has changed since 2010.


Let us hope that the head of steam that has been built up since 2010 can be maintained.
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Posted in advice gap, annuity, auto-enrolment, Financial Education, First Actuarial, NEST, pensions, steve webb, workplace pensions | Tagged , , , , , , , , , , | Leave a comment

NEST “admits” to 99% of cash going to the default fund


Thanks to Andy Dickson for drawing my intention to this article in FT Adviser National Employment Savings Trust, the government-backed auto-enrolment scheme provider, has revealed that 99 per cent of the 300,000 people that have so far begun making contributions … Continue reading

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NEST’s ambitious business plan looks doomed


Perhaps the restriction on providing supporting software to enable online on boarding and aE compliance is the one that is most needed of all, Continue reading

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No smugness – NEST’s British


Ultimately, if NEST fails, auto-enrolment fails and if AE fails we have lost, for a generation, the opportunity to genuinely reform Britain’s long-term savings behaviour Continue reading

Posted in NEST, pension playpen, pensions, Personal Accounts | Leave a comment