Tag Archives: de-risking

When losing seems like winning- the last post from #thePitch14


  We didn’t win but it felt like winning and how it feels to be Rebecca Coates of Properteco (the overall winner) , I’d like to know! It’s a gruelling 12 hour day and if it involves a  trip down … Continue reading

Posted in auto-enrolment, pension playpen, pensions, Retirement, the pitch | Tagged , , , , , , , , , , , | 1 Comment

Double vision – a startling new blog from Ralph Frank


The latest Command Paper, ‘Better workplace pensions: Putting savers’ interests first’, has recently been published.  This Command Paper follows prior consultations by the Department for Work and Pensions (“DWP”) on charges, transparency and quality standards in workplace defined contribution pension … Continue reading

Posted in auto-enrolment, dc pensions, pensions, Retirement | Tagged , , , , , , , , , , , , , , , | Leave a comment

TLAs, the FCA, IGCs & TCF. WTF?


  This blog is by Ralph Frank   The financial services industry excels at producing Three Letter Acronyms (“TLAs”). One TLA that is likely to become an established part of pension lexicon is ‘IGC’. Independent Governance Committees (“IGCs”) are governance … Continue reading

Posted in auto-enrolment, pensions | Tagged , , , , , , , , , | Leave a comment

The value of regular savings


  60 years ago, a revolution happened in the savings industry- it was the “standing order”. The standing order became the “variable direct debit” and people were able to establish regular savings plans which worked like magic, taking money from … Continue reading

Posted in advice gap | Tagged , , , , , , , , , , , , , , , , | Leave a comment

How much should I spend on retirement?


People get frightened by this question – they shouldn’t! The simple answer is that we all pay into a national pension scheme through national insurance and you can find out what you’re likely to get from the State we completing … Continue reading

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

I was so much older then (I’m younger than that now)


Thank goodness for kids- kid journalists for a start. There is a gang on young journos who actually give a damn about the pensions they are in and are prepared to engage and educate themselves about what makes for a … Continue reading

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

“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

Good pensions need good bosses!


. My friend Steve Bee has produced a marvellous cartoon this morning. The need to save between 15 and 20% of lifetime earnings hasn’t changed. The numbers being crunched to come up with the 17.5% recommended lifetime contribution rate should … Continue reading

Posted in advice gap, NEST, pensions | Tagged , , , , , , , , , , , , | Leave a comment

Private savings to rescue public finances


I wish Trevor Llanwarne well as he retires as Government Actuary, hoping he’ll take advantage of the 10.3% pa uplift in the BSP if he defers his State Pension till 2106. If he, as many of his civil servant buddies … Continue reading

Posted in pensions | Tagged , , , , , , , , , , | 5 Comments

Auto-enrolment needs common data standards!


  At a recent meeting of the CIPP’s working group “The Friends of AE”, (FoAE) concern was expressed to Pensions Minister Steve Webb that without the introduction of a common data standards, the wheels might fall off auto-enrolment. According to … Continue reading

Posted in actuaries, auto-enrolment, dc pensions, pensions | Tagged , , , , , , , , , , , , , | Leave a comment