Call out the instigators

2012-12-24 17.51.52 - CopyThe Office of Fair Trading has decided to get stuck into workplace pensions.

Pension people fight grimly on like  townspeople uner siege in the 100 years war. The OFT is the  invincible siege engine wheeled to the gates.

medieval

In August this year,  the OFT report will be published;

retirement

 

the townspeople have over six months  contemplate the carnage that will “ensue”.

Annales_Laurissenses_Crusades_01

 

—————————————————————————————-

The market study will focus on value for money and the size of pension pot savers end up with at retirement. It will look at the following:

  • How pension providers compete with one another and how the market may develop over time.
  • Whether there is sufficient pressure on pension providers to keep charges low, and the extent to which information about charges is made available to savers.
  • Whether smaller firms face difficulties in making pension decisions in the interests of their employees.
  • Whether smaller firms receive appropriate help and advice in setting up and maintaining workplace pension schemes.
  • Barriers to switching between schemes and a potential lack of ongoing employer engagement in setting up and managing pensions.

____________________________________________________Something in the air

Call out the instigators
Because there’s something in the air
We’ve got to get together sooner or later
Because the revolution’s here, and you know it’s right
And you know that it’s right

About henry tapper

Founder of the Pension PlayPen,, partner of Stella, father of Olly . I am the Pension Plowman
This entry was posted in auto-enrolment, David Pitt-Watson, dc pensions, governance, Payroll, pension playpen, pensions, Retail Distribution Review and tagged , , , , , , , . Bookmark the permalink.

10 Responses to Call out the instigators

  1. Andy Heath says:

    Worthy aims. A good shake-up is probably overdue – let’s see if it has any ultimate effect. No word of the serial cluster***** of successive Governments, of course.

    But a great start to Friday, hearing Thunderclap Newman in my mind…

  2. George Kirrin says:

    I’m afraid, Henry, I take issue again with some of your allusions if aimed at a British audience.

    The Hundred Years’ War was an English War. Our position was, and still is, known as the
    Vieille Alliance.

    As for Thunderclap Newman? One hit wonders, though I gather Andy Newman may still be touring.

    Will we (or our kids) be saying the same in another 44 years’ time?

    yours aye, George

  3. Pingback: OFT rattles pension consultant’s cage -shock! | The Vision of the Pension Plowman

  4. Pingback: Vertical disintegration | The Vision of the Pension Plowman

  5. Pingback: Why we must get resolution on pension charges | The Vision of the Pension Plowman

  6. Pingback: Dear OFT…. | The Vision of the Pension Plowman

  7. Pingback: Taking meaningful investment choices off the shelf | The Vision of the Pension Plowman

  8. Pingback: DC Trustees – asleep at the wheel? | The Vision of the Pension Plowman

  9. Pingback: Yesterday these were tomorrow’s problems.. | The Vision of the Pension Plowman

  10. Pingback: When pensions de-mutualise | The Vision of the Pension Plowman

Leave a Reply