Category Archives: Retail Distribution Review

Vertically integrated mastertrusts? – “my arse!”


  Pardon my Scouse! I throw Mick Royle at Mercer’s master trust (and the incipient Aon Hewitt master trust). “Vertical integration” is where the supply chain of a company is owned by that company. Mercer have set up a master trust where they … Continue reading

Posted in actuaries, advice gap, pensions, Retail Distribution Review | Tagged , , , , , , | 2 Comments

Will some employers need their own IGCs?


  This blog’s for any employer or adviser with an existing workplace pension scheme (GPP or Stakeholder Pension), where you chose the funds offered to your staff.   I asked a question of the Pensions Regulator this week. He’d put … Continue reading

Posted in FCA, governance, pension playpen, Retail Distribution Review | Tagged , , , , , , , , , , , , | Leave a comment

Employers can help staff with their money – if only we’d let them


It’s time companies got their mojo back and got real with staff. Www.pensionplaypen.com helps to do just that. Continue reading

Posted in auto-enrolment, Henry Tapper blog, pensions, Retail Distribution Review, Retirement | Tagged , , , , , , , , , , , , | Leave a comment

Have you got staff approaching retirement? Check out Pick-A


  You and your staff save hard through your careers, you build up a pot of money and the time comes when you want to/have to draw on your savings to pay the bills, enjoy the holidays and look after … Continue reading

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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

DC trustees; beware your pensioners.


I can’t speculate on why this straightforward guidance isn’t included in the DC Code. It seems to have fallen between the crack between tPR and the FCA surrounding the provision of retail advice by occupational trustees. Continue reading

Posted in advice gap, annuity, pensions, Retail Distribution Review, Retirement | Leave a comment

“Stick or twist” for the lifecos.


It is hard for the insurers to twist because they think the dealer’s against them. Continue reading

Posted in annuity, auto-enrolment, customer service, David Pitt-Watson, dc pensions, EU Solvency II, Financial Education, Henry Tapper blog, pension playpen, pensions, Personality, Popcorn Pensions, Retail Distribution Review, Retirement, social media | Tagged , , , , , , , | 21 Comments

Cometh the hour;- the Regulator gets its man


I’m really pleased that they have chosen as their new Executive Director for DC – Andrew Warwick-Thompson Continue reading

Posted in auto-enrolment, dc pensions, FSA, NEST, pension playpen, pensions, Personality, Retail Distribution Review | 9 Comments

Call out the instigators


The Office of Fair Trading has decided to get stuck into workplace pensions. Pension people fight grimly on like  townspeople uner siege in the 100 years war. The OFT is the  invincible siege engine wheeled to the gates. In August this year,  the OFT … Continue reading

Posted in auto-enrolment, David Pitt-Watson, dc pensions, governance, Payroll, pension playpen, pensions, Retail Distribution Review | Tagged , , , , , , , | 10 Comments

2 cheers for the Regulator’s new clothes


Not before time, the Pension Regulator is getting to grips with its responsibilities to protect members of UK DC plans. I am pleased that the Regulator is getting involved (one cheer) and I’m pleased that they are concentrating on outcomes (two … Continue reading

Posted in actuaries, annuity, Australia, auto-enrolment, pension playpen, pensions, Retail Distribution Review, Retirement | Tagged , , , , , , , | 15 Comments