Tag Archives: annuity

Should workplace pensions have a duty of candour?


We seem to have learned nothing from the Office of Fair Trading report on workplace pensions. In case you’ve forgotten, the OFT reported they’d never encountered such  poor purchasing as with employers purchasing pensions for their staff. What has been … Continue reading

Posted in pensions | Tagged , , , , , , , , | 7 Comments

Supply-side woes , buy-side goes; the disappearing pension billions


It’s not hard to spend a billion, not if you’re a nation that knows how to spend but finds it hard to save. As Osborne found, a generation of planning can be unwound in a minute. Were the tax rules … Continue reading

Posted in pensions | Tagged , , , , , , , , , , , , , | Leave a comment

Is commission really dying?


There has been nothing that has so harmed the image of pensions over the past thirty years as the deception of commission. I don’t want to use phrases such as “lack of transparency” or words like “opacity” words like these … Continue reading

Posted in annuity, Payroll, pension playpen, pensions | Tagged , , , , , , , , , , , , , , | 1 Comment

Let’s not get caught with our trousers down (again).


The reason we have NEST and its £400m debt to the tax-payer is that the private sector refused to commit to supporting auto-enrolment ten years ago. If the organisations like Legal & General, Standard Life and Aviva , could have … Continue reading

Posted in annuity, CDC, Pensions Regulator | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Spurring Altmann on


This must be an odd time for our new pension minister – Ros Altmann. As I’m finding out coming back from America, the first few days can carry you through on adrenalin. But then comes that wave of tiredness as … Continue reading

Posted in pensions | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , | 1 Comment

Do you have to be demented to buy an annuity?


This tweet is not the first time I’ve heard this argument Interesting question about pension freedoms and dementia at #micuk – do annuities offer better protection to sufferers? @rosaltmann — Nick Britton (@NickBritton_) May 13, 2015 I heard it several … Continue reading

Posted in pensions | Tagged , , , , , , | 2 Comments

Important days for pensions


David Cameron will be announcing his new cabinet members and more junior ministers this week. Those of us who work in pensions already know that Ian Duncan Smith will remain Minister of State at the DWP, but who will be … Continue reading

Posted in pensions | Tagged , , , , , , , , , , , , , , , , , , , | 1 Comment

A Transparency Taskforce?


  A Transparency Taskforce? Sounds good doesn’t it?  Echoes of the Falklands, of Maggie v the Argies (don’t mention the Belgrano) But the task force that will meet later this morning at the University of London Senate House, at the … Continue reading

Posted in pensions | Tagged , , , , , , , , , , , , , , | Leave a comment

Dear Government- “Five do’s, five don’ts” – #pensions


For those slipping quietly into retirement in the UK the political promises are about the revaluation of your state benefits, the payment of your winter allowance and the tax treatment of your savings and income. Whatever you have done or not … Continue reading

Posted in pensions | Tagged , , , , , , , , , , , , , , , , , , , , , , , | 4 Comments

Advance Australia Fair!


I have never been to Australia, I should go I know, but we have Earl’s Court. My good friend Jim Hennington has recently returned to his native Oz after a few years over here teaching us some tricks on how to … Continue reading

Posted in pensions | Tagged , , , , , , , , , , , , , , , , , , | 4 Comments