Monthly Archives: October 2012
More cobblers from investment experts on DC pensions
I am afraid I have to report yet more moronic thinking from the investment community showing their disconnect with the ways and means of everyday folk. Example one is from Lyxor, who used to be called Societe Generale until they screwed … Continue reading
Posted in auto-enrolment, Bankers, club pension, Consolation, dc pensions, defined aspiration, happiness, Liability Driven Investment, mallowstreet, NEST, pension playpen, pensions, Personal Accounts, Public sector pensions, with-profits
Tagged Business, City, Funds, Investing, Investment, Paul Black, pension, Pension fund
8 Comments
Payroll follows member!
There is an unholy row going on between the NAPF on one side and the DWP and the ABI on the other centering on whether the average Joe wants the pension “pot” from his former employer to follow him to his new … Continue reading
Posted in auto-enrolment, Payroll, pensions
Tagged DWP, Employment, NAPF, National Employment Savings Trust, Payroll, pension, Steve Webb, Webb
4 Comments
Digital accountability – a terrible beauty is born
An interesting comment from my mother “Jimmy Savile would not have got away with it today.” This from an 80 year old who observes the digital age with detached amusement but understands that the behaviour of a celebrity is now governed … Continue reading
Posted in social media
Tagged BBC, Chris Kirkland, Facebook, Hillsborough disaster, Jimmy Savile, Salford Quays, Sheffield Wednesday F.C., YouTube
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The fundamental flaw with RDR and Auto-Enrolment
Today I am in Hampshire in a posh hotel holed up with a bunch of hungover salesmen who for no obvious reason have hung around long enough to have become Sales Directors of the insurers and advisory firms they work for. … Continue reading
Why we need to say “NO” to pension guarantees!
On Monday the Institute and Faculty of Actuaries delivered a paper stating that it would be able to deliver a system of lock-in guarantees at a price of less than 1% pa of the fund that could be used by … Continue reading
Posted in actuaries, annuity, auto-enrolment, Bankers, club pension, corporate governance, customer service, David Pitt-Watson, dc pensions, defined aspiration, EU Solvency II, FSA, happiness, Liability Driven Investment, NEST, pension playpen, pensions, Personal Accounts, Retirement
Tagged Capital market, Financial Times, Government, Jarvis Cocker, National Employment Savings Trust, pension, Pensions in the United Kingdom, Steve Webb
15 Comments
Can pensions help you when you’re broke?
When I was a financial adviser, I often hear people say that they couldn’t afford to save into a pension. When I probed, this objection often boiled down to a fear that “tying up money” left people scared that in … Continue reading
Posted in pensions, wonga, zopa
Tagged Business, Credit union, Loan, Money, Nick Clegg, pension, Wonga, Zopa
4 Comments
Your 10 frequently asked pension questions
Is Aviva a bus or a pension company? If I am entitled, am I eligible for a company contribution? If I am eligible, am I an entitled worker? Why has Gregg McClymont got so many consonants in his name? Why has … Continue reading
Club Pension!
Words resonate in strange ways and when they come in pairs new resonances emerge. Last week, Martin Lewis called “pension” a broken brand (worrying to the owner of the Pension Play Pen). The idea behind the word “club” seems to be under … Continue reading
Posted in club pension, Financial Education, happiness, Henry Tapper blog, Martin Lewis, pension playpen, pensions, Retirement
Tagged Actuarial science, Business, Company, Employment, Facebook, Government, Martin Lewis, National Employment Savings Trust, pension, pensions, Politics, Popcorn Pensions, Public Sector Pensions, Retirement, social media, Steve Webb
19 Comments
Frankel you wonderhorse!
I wrote my first post on Frankel towards the start of his career and I’m posting this on his last – well as a racehorse – what happens next is hopefully just as fun! Here’s another great video that pins together a … Continue reading
What do we mean by good?
Spending time in Liverpool this week has given me the chance of spending time with clients, fellow advisers and those who market the products our clients use. The NAPF Conference is a time when you can look at what you are doing , compare … Continue reading