Tag Archives: National Employment Savings Trust

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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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

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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

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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

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Freddy Flumper gets savvy!


  It’s been some days since I’ve reported on the fabulous Freddy Flumper -“fabulous” in the sense that I lives only in the fable on this blog. For anyone who missed the instructive fable of Freddy and Tony Lamborghini , … Continue reading

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Please don’t discourage saving (guest blog from Ralph Frank)


  The Department for Work and Pensions (“DWP”) recently released its latest “scenario analysis of future pension incomes” (the “Analysis”). A key finding of the Analysis is that the proportion of people under-saving for retirement increases as income rises. Part … Continue reading

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The instructive tale of Freddy Flumper and Tony Lamborghini


As I didn’t dare hope, the Treasury continue down the pension reform fairway. Having hit a 325 yard drive into position A with their Budget reforms, they’ve hit a 275 yard second to the heart of the green with ‘uncrystallised … Continue reading

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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

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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

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Will CDC be available to everyone with a DC pot – or just a lucky few?


A snag has emerged in the Drafting of the Pension Schemes Bill (that will introduce Defined Ambition and with it CDC). It’s one of those little things that seems easy to fix but which has potentially huge consequences, a bit like … Continue reading

Posted in advice gap, CDC, DWP, now | Tagged , , , , , , , , , , , , , | 2 Comments