Tag Archives: Business and Economy

Don’t get fooled by the phoney pension giveaway


The phoney give-away The most accurate measure for the success of private pensions in the UK is the replacement ratio; a measure of what percentage of people’s pre-retirement income is replaced by savings specifically for retirement. Steve Webb and the … Continue reading

Posted in annuity, Politics, Public sector pensions | Tagged , , , , , , , , , , , , , , , , , , , , | 2 Comments

“My pension offer” – explaining CDC to a confused public!


John Ralfe has been expressing his frustration that none of the CDC champions have made him a two page offer to tell him what a CDC pension offer might look like. I’ve not done this yet, partly because I’ve been … Continue reading

Posted in advice gap, auto-enrolment, CDC, pensions, with-profits, workplace pensions | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Making sense of the Budget’s Pension Changes


Everyone knows that the changes in the taxation of pensions announced in the budget and now working their way into law – are going to make a big difference. But just how will they affect you and what can you … Continue reading

Posted in Payroll, pension playpen, pensions, Pensions Regulator | Tagged , , , , , , , , , , , , , | Leave a comment

“Educated beyond their intelligence”


Denis Skinner’s recent gibe at Tory Ministers ,and George Osborne in particular, is brilliant (even if the phrase was coined by another). For me- it will be a defining epithet for the coalition- it sums up the best and worst … Continue reading

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“Retirement reforms and the Guidance Guarantee” – The Pension PlayPen’s response


This is the Pension PlayPen submission to the FCA’s consultation CP14/11 Pension PlayPen is a website dedicated to helping small employers and their advisers find good quality workplace pension plans.   It was founded in 2013 by Henry Tapper with … Continue reading

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What did you do in the war Daddy?


One of the most successful recruitment campaigns ever- focussed on this simple question. It asked young men to imagine themselves once the fighting stopped having to explain to those in their care the contribution they’d made to the war effort. … Continue reading

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Is an annuity an investment product? Perhaps not!


  I have been worrying about a presentation I have to deliver to an investment group on the value of annuities. I have long felt that annuities are a rubbish investment and UK annuities a particularly rubbish investment. My confidence … Continue reading

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Why Steve Webb took a punt on CDC


To answer the question we need to understand the Government’s primary agenda; – to “win votes”. A secondary agenda is to “create a legacy by which it will be judged favourably”. If you are charitable, you might include a third … Continue reading

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Why Face to Face Guidance may be impossible.


  I didn’t know what to expect from the Life Planning Association, whose meeting I attended on Wednesday as a guest of Wladek Koch. What I got was an insight that makes sense of why I believe Face to Face … Continue reading

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Regulate- don’t procrastinate; says Morten Nilsson- CEO of NOW Pensions


Membership numbers recently published by the big six mastertrusts highlight exactly how important they are in the auto enrolment market.   Of the three million people auto enrolled, over two million are in one of the big six mastertrusts.   … Continue reading

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