Monthly Archives: June 2014

Why Steve Webb took a punt on CDC

Posted on June 8, 2014 by henry tapper

To answer the question we need to understand the Government’s primary agenda; – to “win votes”. A secondary agenda is to “create a legacy by which it will be judged favourably”. If you are charitable, you might include a third … Continue reading →

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Government needs to publish its intentions for CDC

Posted on June 7, 2014 by henry tapper

The defined ambition agenda is a vague one. Steve Webb talks about wanting to give people more certainty in retirement. He’s talked about DC heavy (to and through investment strategies) and DB lite- exit routes from traditional guaranteed DB structures- … Continue reading →

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Why Face to Face Guidance may be impossible.

Posted on June 6, 2014 by henry tapper

  I didn’t know what to expect from the Life Planning Association, whose meeting I attended on Wednesday as a guest of Wladek Koch. What I got was an insight that makes sense of why I believe Face to Face … Continue reading →

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Should accountants be bothered with CDC

Posted on June 5, 2014 by henry tapper

The short answer is “no” but be aware as your clients will probably ask you for your view! Unlike the Treasury reforms that were announced in the budget, these latest reforms are technical and speculative and even pension geeks can’t … Continue reading →

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The Queens Speech; the sausage sandwich game – for pensions!

Posted on June 4, 2014 by henry tapper

The Pensions Reforms in the Queens Speech had been broadly flagged in the Sunday Telegraph and subsequently. Nonetheless, the inclusion of Defined Ambition Pensions (aka CDC) (aka Target Pensions) is still a major surprise and will further stretch the UK … Continue reading →

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CDC – how it could work!

Posted on June 4, 2014 by henry tapper

There will be a new choice for those  who want control of how they spend their retirement savings. The choice will be a Collective Defined Contribution (CDC) Scheme. CDCs  offer a  target pension which we reckon will deliver a predictable lifetime income without … Continue reading →

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Why the ABI are so wrong about CDC -guest blog from K. Wesbroom (m.genius)

Posted on June 4, 2014 by henry tapper
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“What’s on our mind” Our wish-list for the Queen.

Posted on June 3, 2014 by henry tapper

Just back from Windsor Castle to drop in a note from those at the Pension PlayPen lunch on Monday   In case you’re interested, and I am, here’s what our diners delivered when asked “What do you want in the … Continue reading →

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The Spurious Certainty of Chicken Licken

Posted on June 3, 2014 by henry tapper

“The spurious certainty of Chicken Licken” – how we used to think about annuity risk before the budget

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Collective Defined Contribution Schemes – A Shameful Missed Opportunity

Posted on June 3, 2014 by henry tapper

As the Queen prepares to deliver her speech tomorrow, it’s worth remembering that it is people like Kevin Wesbroom and David Pitt-Watson (who have been campaigning for a decade for these reforms) who are the heroes of the hour

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