Tag Archives: Treasury

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

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“Annuities George, what took you so long?”


We have failed 1.5m annuitants- what took us so long? Continue reading

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The realpolitick of pension charges


Let’s hope that wherever this goes next, the DWP can win through and that we get protection in this important and misunderstood area of pensions finance Continue reading

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Savers put themselves first!


A happy result of dissing Michael Johnson’s attacks on pension saving early in the week was that I got a copy of his paper “Put the saver first” direct from the great man. He calls up the spirit of Ron Sandler- … Continue reading

Posted in auto-enrolment, David Pitt-Watson, dc pensions, NEST, pension playpen, pensions | Tagged , , , , , , , | 1 Comment

So you want better pensions?


I’m going to Holland next week to talk to European Fund Managers about how they engage with the UK DC market, it could be a short presentation. Ironically, the Dutch  pension system is delivering 50% more pension – per pound … Continue reading

Posted in annuity, auto-enrolment, Change, Management, Martin Lewis, pensions, Personal Accounts, Retirement | Tagged , , , , , , , | 9 Comments

Pension Corporation points the way to “ambitious pensions”


A timely report arrived yesterday from the Pension Corporation estimating that the cost of replacing a standard DB benefit structure using DC had risen to 55% of salary. PIC’s business model is based on managing out DB plans on a … Continue reading

Posted in annuity, auto-enrolment, dc pensions, de-risking, defined aspiration, Jersey, pensions, Public sector pensions, Retirement | Tagged , , , , , , , | 26 Comments

David Mowatt – spot on – the impending pension crisis


It sounds like tory MD David Mowatt from Warrington South, has been swotting up pensions with Steve Webb. He published this on his blog on Tuesday and followed it up in the House. Good on him. Read his article below; here … Continue reading

Posted in annuity, dc pensions, NEST | Tagged , , , , , , , | 7 Comments

Sorting the pensions of the “squeezed middle”.


There are three distinct streams among those old enough to work and young enough not to, Stream One is for  those who can look forward to retirement with a degree of confidence because their employer is guaranteeing it. They are primarily … Continue reading

Posted in annuity, Bankers, corporate governance, dc pensions, de-risking, EU Solvency II, Fiduciary Management, FSA, Henry Tapper blog, Liability Driven Investment, Martin Lewis, NEST, pensions, Personal Accounts, Retail Distribution Review, Retirement | Tagged , , , , , , , , , , | 10 Comments

Mothball NEST till 2017


Should we mothball NEST and brush it off in 2017? Maybe a little drastic but we certainly need to scale back the amount it is spending both in events and it its payroll.
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Posted in dc pensions, NEST, pension playpen | Tagged , , , , , , , , , , , , , , , , , , | 5 Comments

It’s the legacy, stupid!


If we really care about retirement outcomes, we have to think about this stuff and the £20bn of unclaimed (orphaned) pensions that are hanging around in the back cupboards of life companies and occupational pension schemes alike. Continue reading

Posted in annuity, corporate governance, customer service, dc pensions, de-risking, Liability Driven Investment, Martin Lewis, pensions, Treasury | Tagged , , , , , , , , , , , , , , , , , , , , , , | 6 Comments