Tag Archives: corporate risk

Auto-enrolment – matching payrolls to pensions.


The big payroll/pension issue There are, according to one payroll software development we have spoken to, 42 separate interfaces between payroll and HR and the various workplace pension providers. Not all payrolls are prepared to build processes to accommodate each … Continue reading

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

Two into one will go!


Steve Webb’s admission that we need a single regulator is a sign of his strength . It takes guts to admit you’ve been wrong for four and a half years! I’d come to the same conclusion myself reckoning;- That the geographic split between Brighton … Continue reading

Posted in pensions, Pensions Regulator, Treasury | Tagged , , , , , , , , , , , , , | Leave a comment

“Savers who cash in their pensions face charges of up to 20%”


  I repeat the Daily Mail’s headline which is absolutely accurate. I am glad that they did not use the word “penalties” as this implies a non-contractual lock-in being imposed by insurers. This is not what is happening. Insurers are … Continue reading

Posted in advice gap, pensions, Pensions Regulator | Tagged , , , , , , , , , , , , | Leave a comment

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

Posted in accountants, advice gap, annuity, corporate governance, pensions, Pensions Regulator | Tagged , , , , , , , , , , , , , , | Leave a comment

Pension PlayPen respond to FCA on IGCs and DC Governance


This is less of a blog – more of an epic! If you want to have a go yourself, the link is to http://www.fca.org.uk/your-fca/documents/consultation-papers/cp14-16-response-form   The Pension PlayPen’s response was submitted online and this text is what we got back … Continue reading

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

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

Posted in advice gap, annuity, pensions, Pensions Regulator | Tagged , , , , , , , , , , , | 2 Comments

Does anybody care what you think?


  I bet you’ve sat in an exam hall , or been asked to complete a questionnaire or stared at the comments box below an article you’ve read and gone “nah-better not”. The rubric is that “your views matter”, but … Continue reading

Posted in actuaries, pension playpen, pensions | Tagged , , , , , , , , , , , , , | Leave a comment

We knew we were cheating our clients.


  Mark Wood (now of JLT and formerly of the Prudential) is calling on insurers to relax the early exit penalties on pension contracts set up in the “bad old days” when commission was paid in advance for premiums paid … Continue reading

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

Making a buyer’s market for pensions


Organisations such as Which have always charged a subscription for their research. Those prepared to pay a regular monthly amount built libraries of reports which help us purchase everything from groceries to credit cards. Which put its readers in control- … Continue reading

Posted in advice gap, alvin hall, Martin Lewis, pensions | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Fungibility


One of the great words of the English language, fungibility means that something is replaceable. What’s fungible and what’s not? If I give you a tenner, that note is fungible with 10 £1 coins or two fivers. If I am … Continue reading

Posted in CDC, Fungible | Tagged , , , , , , , , , , , , | Leave a comment