Tag Archives: Treasury

How retirement products evolve (and revolve).


  There are three drivers that shape the evolution of financial products – supply, demand and Government intervention. Between the mid 80s and today Britain has seen a Financial Services Revolution that has been no less dramatic than the agrarian … Continue reading

Posted in auto-enrolment, Bankers, corporate governance, Financial Education, pensions | Tagged , , , , , , , , , , , , , | Leave a comment

Three old farts on DC regulation


            John Reeve, whose previous comments on DC I have dismissed as the “wittering of an out of touch actuary”, has written a telling comment on mallowstreet. I’m sure he won’t mind me re-publishing it … Continue reading

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10 things we’d see in Monday’s Guidance Guarantee!


  Tomorrow (Monday 21st July), the Government will announce how it intends to deliver the guidance guaranteed to those reaching state pension age. We want an independent process that helps people  take decisions rather than telling people what to do. We can’t … Continue reading

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Why Steve Webb took a punt on CDC


To answer the question we need to understand the Government’s primary agenda; – to “win votes”. A secondary agenda is to “create a legacy by which it will be judged favourably”. If you are charitable, you might include a third … Continue reading

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The Queens Speech; the sausage sandwich game – for pensions!


The Pensions Reforms in the Queens Speech had been broadly flagged in the Sunday Telegraph and subsequently. Nonetheless, the inclusion of Defined Ambition Pensions (aka CDC) (aka Target Pensions) is still a major surprise and will further stretch the UK … Continue reading

Posted in advice gap, David Pitt-Watson, dc pensions, defined aspiration, pensions | Tagged , , , , , , , , , , , , , , | Leave a comment

What will these pension freedoms cost the Treasury?


There appear to be two versions of the Treasury’s costings of these new found freedoms we’ll be getting post April 2015. The first were published at the time of the budget and (with the proviso that the Treasury don’t know … Continue reading

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Can we deliver the Guidance Guarantee?


We are all worried about the Guidance Guarantee, the content of what will be delivered and the quality of the delivery. We worry for a variety of reasons but mostly we worry that people will not get what they expected … Continue reading

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21st Century Retirement Income Update


  Well here I am in a Village hotel under the M1 seven miles south of Leeds to chair a day long conference on the opportunities for financial advisers from George Osborne’s Budget Changes (the photo is the lovely view … Continue reading

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How we see the new annuity framework working


Pension PlayPen response to the Treasury Paper “Freedom and choice in pensions.”     Pension PlayPen Ltd trades as http://www.pensionplaypen.com and is a leading portal through which employers and their advisers access information establish workplace pensions. This response has been … Continue reading

Posted in accountants, actuaries, advice gap, annuity, auto-enrolment, Payroll, pension playpen, pensions, Public sector pensions | Tagged , , , , , , , , , , , , | Leave a comment

9 days that shook the (pension) world.


  It began with the budget and ended with an FCA probe on Zombie funds. On the way we have had an 111 page paper that provides an ongoing framework for pension governance , bans pension commission and caps provider … Continue reading

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