Tag Archives: Economics

“Pensions people can trust” – a proper kick in the nuts.


If we could only lift up our eyes from our spreadsheets and do some strategic thinking, we’d be grateful that Labour are trying to clean up our act. Continue reading

Posted in annuity, auto-enrolment, dc pensions, defined aspiration, mallowstreet, pension playpen, pensions, Retail Distribution Review | Tagged , , , , , , , , , , , , | 12 Comments

You can’t buy a sausage with a brick


Abe Bacchus, the guy who taught me to sell life insurance in 1984, used this great phrase when a  prospect objected to creating a “capital reservoir” for the future. Of course a geared investment into bricks and mortar over the … Continue reading

Posted in dc pensions, de-risking, NEST, Retirement | Tagged , , , , , , , , , , , , , , | 2 Comments

Pension choices for smaller companies


Smaller companies- those with less than 50 employees are the beating heart of Britain’s economy. It is from among their number that the next Virgin or Tesco will come and though many of them will be toast in ten years … Continue reading

Posted in annuity, corporate governance, customer service, dc pensions, de-risking, pension playpen, pensions, Personal Accounts, Retail Distribution Review, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | 4 Comments

Yes – things are this bad in DC land!


We all know that equity markets have sent the value of our pension savings into free fall and some people understand that low prospective interest rates mean the amount of pension you can buy from your savings has fallen lower. But did … Continue reading

Posted in annuity, dc pensions, de-risking, pension playpen, pensions, Retirement | Tagged , , , , , , , , , , , , , , , , , , , | 12 Comments

Nuts traced as market collapses – @ #ppshow


£64bn fell off the shares of the London stock market today. Meanwhile we were holed up in the Excel Centre, listening to the views of the great and the good.. Here are my good buddies Colin Wilson and David Harris. It … Continue reading

Posted in corporate governance, de-risking, pension playpen | Tagged , , , , , , , , , , , , , , , , , , , | 2 Comments

None of my business


I went to a meeting last week at the end of which the pension manager I was speaking with asked “I can see why this matters but why are you bothering?”. A very sensible question as it happened since the commercial … Continue reading

Posted in annuity, dc pensions, de-risking, pension playpen, pensions, Retirement | Tagged , , , , , , , , , , , , , , , , , , | 7 Comments

A pound spent on pension’s as good as salary – the new golden rule


I published a blog recently on the need for the DWP to take notice of the real concerns of the ASA. It got some  really interesting comments made on various sites mainly opposing the ACA’s pessimism. Interestingly the pessimism of the actuaries mirrors … Continue reading

Posted in annuity, corporate governance, dc pensions, Fiduciary Management, pension playpen, pensions, Retirement | Tagged , , , , , , , , , , , , , , , , , , , , , , , | 4 Comments

IFEs not IFAs


If you’ve followed my posts over the past few days, you’ll l know I’ve referred to a debate between advisers, insurers, pension managers and trustees which started out discussing the ethics of incentivizing  enhanced transfer values and has moved toi discussing how and when advice … Continue reading

Posted in annuity, corporate governance, dc pensions, de-risking, EU Solvency II, Liability Driven Investment, pensions, Retail Distribution Review, Retirement, Treasury | Tagged , , , , , , , , , , , , , , , , , , , , , , | 18 Comments

The right to screw up your pension


There’s a place in Iceland where the American and European tectonic plates grind together like two sets of molars. At Thingvellir you can smell the sulphur emitting from the fissures where the plates grind and you can peer into the unfathomable … Continue reading

Posted in pensions | Tagged , , , , , , , , , , , , , , , , | 14 Comments

That ETV debate in full


Sometimes people’s comments on blogs are more interesting than the blog itself- this is certainly the case in a blog I wrote last week on “Enhanced Transfer Values” the thrust of which is that there are better ways to de-rsik defined benefit pension plans than by giving members cash bungs to transfer out theirguaranteed rights.
Continue reading

Posted in annuity, dc pensions, de-risking, pension playpen | Tagged , , , , , , , , , , , , , , , , , , | 11 Comments