Monthly Archives: April 2017

The BlackRock IGC outsources to KPMG


I’ve been waiting to review BlackRock’s IGC chair statements for a couple of weeks but all I could see was a link to a report marked “April 2016”. I carelessly pressed the link this morning to find a report marked April 2017.  … Continue reading

Posted in IGC, pensions | Tagged , , | Leave a comment

Don’t blame us punters for “unadvised drawdown”- give us an alternative!


  Back in 2014, in the lead up to the launch of the pension freedoms, I wrote a blog on the perils of unadvised drawdown. I predicted then , what we see today, a large number of people trying to … Continue reading

Posted in pensions | Tagged , , , , , , | 3 Comments

Cost disclosure now! No more workplace pension NDAs!


Following Julius Pursaill’s excellent piece on value for money yesterday, I’m following up with some practical thoughts. The blog yesterday triggered a meeting with an IGC chair who probed me on the vfm scoring system that has been troubling me … Continue reading

Posted in pensions | Tagged , , , , , , , | Leave a comment

Are pension advice tax-exemptions washed-up? Is this any way to govern?


Snapped up or washed up – what’ll be left of the Finance bill? Here’s some correspondence from one of my most reliable correspondents. We’ve been told that the current finance bill (longest in history) will now be rushed through in … Continue reading

Posted in pensions | Tagged , , , , , | Leave a comment

Radical thoughts about “value for money” – from Julius Pursaill (aka mystery blogger)


  Establishing a consensus on what “value for money” is, is proving too hard for the IGCs and Trustees, we need intervention from a “deus ex machina” (aka the FCA). Once we know the means to measure, I believe the … Continue reading

Posted in pensions | Tagged , , , , , , | 7 Comments

Does Pension Freedom need a “disinvestment default”?


The success of auto-enrolment in encouraging 7 million new pension savers to stay in, has been attributed to the power of inertia. There may be some goodwill generated by “pension freedoms” but even workplace pension providers accept that most new … Continue reading

Posted in pensions | Tagged , , , | 3 Comments

Snap elections – people – and policy! #GE17


Snapping people The cost of a snap general election will be highest for the politicians, their advisers  and their families who lose their livelihoods on June 8th. It is tough on MPs, especially those who joined since the 5 year term … Continue reading

Posted in dc pensions, pensions, Pensions Regulator, Popcorn Pensions, Public sector pensions, workplace pensions | Tagged , , , , , , , , , , | 2 Comments

Get thee to Yate!


  1.1 And there dwelt in South Gloucestershire, near the towns of Thornbury and Yate a man named Steve; 1.2 and Steve was godly and loved of all who knew him for he had done great deeds in Westminster – … Continue reading

Posted in pensions | Tagged , , , , | 1 Comment

What a “strong mandate” means for pensions.


Since the range of outcomes considered by the bookies ranges from “strong” to “weak” conservative majority, I’m putting my money on the Liberals getting an overall majority (only 25-1 with William Hill). That seems the likeliest alternative outcome and I’ve … Continue reading

Posted in pensions | Tagged , , , , , , , , | Leave a comment

Pensions before politics!


  It must be odd to hear your job is up for grabs in six weeks time. Even with a 10,000 majority, Richard Harrington MP – our Pensions Minister –  must have been a little flustered by the announcement from … Continue reading

Posted in pensions | Tagged , , , , , , , , | 1 Comment