Monthly Archives: July 2015
Pension’s day of reckoning draws nigh!
April 6th 2016 should be a date with a red circle round it on any pension’s office calendar. It’s the day when contracting-out officially comes to an end- “cessates” – is no more. It is also the date when the … Continue reading
Posted in pensions
Tagged Actuarial science, Actuary, ageing, auto enrolment, contracting-out, customer service, dc pensions, Defined benefit pension plan, GMP
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Payroll bureaux – help ’em out the trenches!
This blog’s all about helping payroll bureau get their voice heard.If you are an agent helping people with auto-enrolment – take this survey to get out of the trenches One payroll manager told me that sitting in her office was like … Continue reading
Posted in pensions
Tagged Alain Caplan, payroll bureau, payroll bureaux, software suppliers, the trenches
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Can IFAs create their own profession?
James Walker has published BWD’s assessment of the prospects for firms offering financial advice as their core product. He paints a picture of rising regulatory costs and sluggish growth prospects preventing IFA practices from employing the young blood to refresh it. Last … Continue reading
Posted in advice gap, FCA, Financial Conduct Authority, First Actuarial, Personality
Tagged advice, Business, career, DWP, Employment, financial advice, financial planning, IFA, Jim Thomson, pension, Pension new, pension playpen, profession, regulatory costs, Thomson Grey Wealth Management, trust
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If that’s all there is my friends – well let’s keep working!
The numbers are out , extracted by the tenacious Josephine Cumbo @henryhtapper @citizensadvice @tpas Only 18,000 TPAS/CAB appointments. 925000 people checked out Pension Wise online. — Josephine Cumbo (@JosephineCumbo) July 22, 2015 Jo and I probably share differing levels of … Continue reading
Posted in pensions
Tagged annuities, annuity, CDC, Drawdown, DWP, Noah's ark, Pension Freedoms, Pension Wise, pensions, retirement savings
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Corporate Myopia
“Myopia” medically means short-sighted, in business a company is myopic if it cannot see the bigger picture. Businesses get short-sighted easily enough, typically when they do not need to try very hard and can concentrate on maximising return on easy wins. … Continue reading
Posted in pensions
Tagged auto enrolment, DB, defined benefit, DWP, Employment, FCA, Financial services, Financial Services Authority, jonathan bull, Lesley Titcomb, Myopia, National Employment Savings Trust, NEST, OPDU, pension, Pension new, pensions, Pensions Regualator, Retirement, Tim Jones, TPR
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“Trust me , I’m a scorpion”
I was born at 11.02am on 11th November 1961, according to my star chart ,the sun, the moon, all the houses and for all I know Planet Pluto are in Scorpio, which makes me a little worried. This is no … Continue reading
The Thames Traditional Boat Festival 2015
The sun shone – the river was calm and everyone had a grand time at the Thames Traditional Boat Festival this weekend. (18th-19th July). Whether you are a lover of wooden boats (small and large) , I hope you will enjoy … Continue reading
Beware “black-box” auto-enrolment “solutions”.
Katie Morley of the de Daily Telegraph has written an important article claiming that the occupational schemes set up to relieve the needy of their pension savings before retirement are now turning their sights on auto-enrolment. This may or may not … Continue reading
Posted in First Actuarial, pensions, Pensions Regulator, Popcorn Pensions
Tagged annuity, auto enrolment, black-box, Business, choice, due diligence, DWP, Employment, Financial services, Katie Morley, MAF, National Employment Savings Trust, NEST, payroll bureau, pensions, Research, Retirement, the Daily Telegraph, The Pensions Regulator, workplace pension schemes, workplace Pensions
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This scaremongering on auto-enrolment has to stop!
Scaremongering Scaremongering sells newspapers and we love to be afraid. It is easy to write stories that play on our fears, because they are the ones we want to read. But that doesn’t make scaremongering alright, just as it doesn’t … Continue reading