Monthly Archives: February 2013
Light in the lifestyle tunnel!
The way in which your DC pot magically turns from investing in shares to investing in cash and Government bonds is called lifestyle and it involves hundreds of transactions in 60+ months before you buy your pension. All of these transactions involve … Continue reading
On a snowy night in Oldham
Thoughts turn to the intrepid bunch of farmers, yokelling up to Oldham this evening to cheer on Yeovil‘s Glovers at Boundary Park. Oldham in the 5th round of the cup but without a manager and heading for the relegation zone … Continue reading
Posted in champions league, corporate governance, Yeovil Town
Tagged Boundary Park, FA Cup, Gary Johnson, Lloyds Bank, Oldham, premier league, Shaftesbury, Yeovil
2 Comments
Playpen guru says its all our fault
In an astonishing outburst at today Play Pen London lunch, pedagogue David Hargreaves bit the hand that fed and claimed that the predicament at retirement was down to the financial services industry. Hargreaves, an actuary who trades as the pension … Continue reading
Johnson v Keating ; a pensions heavyweight title fight
There are two documents sitting on my desktop this morning. The first is a paper by Con Keating. Con believes that the best way of providing pensions is collectively through large organisations who are able to offer and keep future … Continue reading
Posted in actuaries, auto-enrolment, David Pitt-Watson, dc pensions, de-risking, defined aspiration, pension playpen, pensions, Personal Accounts, Personality
Tagged £9 billion, Centre for Policy Studies, Employment, Office for Budget Responsibility, pension, Pound sterling, public sector, White paper
1 Comment
DC Trustees – asleep at the wheel?
I was spending insomniac hours reading posts about savings on http://www.moneysavingexpert.com when I came upon a thread about the ABI 14 agreeing to disclose transactional costs from next summer. There wasn’t much on the comments board – one post stood out. … Continue reading
Posted in actuaries, corporate governance, David Pitt-Watson, dc pensions, First Actuarial, Management, NEST, pension playpen, pensions, Personal Accounts
Tagged Active management, Financial Services Authority, FSA, National Employment Savings Trust, NEST, pension, Pension fund, Terry Smith
4 Comments
What would you pay to get your firm a proper pension?
£500? That’s what I think should be the procurement cost to get a firm through auto-enrolment staging. Which is not going to please a lot of people who still consider this pension revolution “Business as Usual” and anticipate multiples of current … Continue reading
Posted in pensions
Tagged Auditor's report, Business, Certification, Company, Employment, National Employment Savings Trust, pension, Pound sterling
7 Comments
The dam is full – manage the sluices
It can’t be much fun at the ABI these days. The FSA are investigating mis-pricing of annuities, the OFT are studying the distribution insurers use for pensions and just about every consumerist from Gregg McClymont to the NAPF are calling … Continue reading