Tag Archives: Defined benefit pension plan

The PPF – our great escape!


We get used to talking about the failure of the private sector to deliver proper pension outcomes. We are incensed by the shortcomings in governance that has allowed well funded local government schemes to feed the City’s insatiable need for … Continue reading

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How Government can ensure capacity for good pensions advice and provision


There are concerns over whether the UK has enough spare power capacity over the coming years. So to ensure the lights stay on the government is offering electricity producers a “capacity payment”, which is a payment simply for having power … Continue reading

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The coffin slams shut on annuities – but will they stalk the night?


There was no smoking gun. Annuities hare not bad value but- through poor purchasing, they have delivered poor outcomes. This is my 20 word precis of the 100 page document which you can read for yourself here. This conclusion has not … Continue reading

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What is the future of UK pensions?


  On Wednesday (10th December)  I will be speaking at a Prospect conference which asks “what is the future of Pensions” in the UK. It is great to see journalists from outside the pension industry picking up on the issues … Continue reading

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Why employers pay no attention to the pension


Darren Say has written a very contentious article that you can read here https://www.linkedin.com/pulse/article/20141203141647-42828632-ae-pensions-insanity Darren opens by repeating three statements on pensions …employers don’t want world class pensions, they just want the problem to comply with AE legislation to be taken off … Continue reading

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Why can’t we know what we pay for “fund management”?


We have the right to know what we are paying for funds. The cost of a fund can best be defined as the difference between what you would have received from a theoretical return on the assets in the fund … Continue reading

Posted in FSA, governance, life insurance, pension playpen, pensions, Retirement, steve webb | Tagged , , , , , , , , , , , , , , , | 4 Comments

AE – make a virtue of necessity


  It pains me to hear advisers talk of auto-enrolment as a “burden”. Helping to provide a retirement fund from which your staff can draw a pension seems to me a good thing for employers to do. If the phrase … Continue reading

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People seeking safety at any price?


  I was annoyed to listen to one of the Bank of England’s Chief Economists Andy Haldane tell the BBC’s Robert Peston that people were seeking safety at any price. Passing the buck on to the “cautious consumer” may play … Continue reading

Posted in actuaries, advice gap, Bankers, Mark Carney, pensions, Politics, Retirement, reward | Tagged , , , , , , , , , , , , , , , , | Leave a comment

10 reasons why I’m proud to work for @firstactuarial


No wonder we’ve been nominated as Actuarial Employer of the Year. Wouldn’t you rather be working for us? Continue reading

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Freedom and choice – travelling in opposite directions, on the same journey or simply an accident waiting to happen?


This is another brilliant blog by the caustic insightful and very clever Ralph Frank, v 1.0 went out without an acknowledgement to Ralph-a Pension Plowman cock-up! The mantra of ‘freedom and choice’ has been in the forefront of the changes … Continue reading

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