Tag Archives: United States

This country needs a proper debate about old age


Do we understand  how people want to get paid in retirement? Yesterday I wrote about the American 401K system and the risks taken by people who become too cautious as they become older. The value judgements implicit in the report … Continue reading

Posted in annuity, CDC, Financial Education, pensions | Tagged , , , , , , , , , , , , , , , , | 4 Comments

Better hid.


The trustees of NEST have been faced with a dilemma and it’s clear they have considered it and taken decisive inaction. This blog sets out to explain  and justify why the Trustees of our National Employers Savings Trust have chosen … Continue reading

Posted in NEST, State Street | Tagged , , , , , , , , , , , , , | 3 Comments

“What’s it like to be retired?”


It could be the trending chant at any event that Alex Ferguson turns up to – a taunt to a man who having lost control has seen slump into mundanity in a few short months. Financial wellbeing in later life … Continue reading

Posted in annuity, auto-enrolment, Bankers, Facebook, Financial Education, First Actuarial, pension playpen, pensions, Popcorn Pensions, Public sector pensions, steve webb | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Your life for sale – what a liquid annuity market could mean.


Why people like me get cross with him is that he is dangling carrots and waving sticks but the donkey is locked in the stable. To get the animal moving, Steve Webb or his successor is going to have to open the stable door. Continue reading

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A capacity crunch?


The prospect of debating whether we get a capacity crunch in Auto-enrolment drew a capacity-crunching crowd to Wragge & Co.’s offices yesterday afternoon. Under the convenance of heroically quiffed Andy Agethangelou, some 50 of us attended a symposium on the current state … Continue reading

Posted in auto-enrolment, customer service, dc pensions, NEST, Payroll, pension playpen, pensions | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

The shape of things to come? US class action on DC fees


Thanks to my favourite Swedish lawyer, Per Andelius for this extraordinary story. Fidelity are being taken to court by members of their DC plan for charging $355 record keeping fees per member against an underlying cost of $10. Why this matters because … Continue reading

Posted in actuaries, advice gap, Bankers, governance | Tagged , , , , , , , , , , , , | 3 Comments

CDC for the people


The debate on Collective Defined Benefit has so far been a matter for politicians , academics and actuaries. Most people haven’t a clue what CDC is or how it might benefit or harm their retirements. I’ve been trying to broaden … Continue reading

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“Turning the amber light green”; – creating a buzz around #auto-enrolment.


We should not minimise the impact of the employer duties, they are onerous and will be disruptive. But we must put them in the context of the greater good. Continue reading

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Great British Productivity – a matter of pride


This is the Olympic legacy and it is one we can all share in. Continue reading

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How Providers can take a lead in investment governance.


I am one such member and I have no idea whether my managers are doing a good job. Continue reading

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