Monthly Archives: September 2017
I wonder about schools rugby.
As I wondered around my old school – Bryanston – I felt nostalgia for the late 70s (when I was a pupil), wonder for the educational business I was being shown and fright at the conclusions I was drawing with … Continue reading
Merryn is right, we should expect more from workplace pensions.
This blog is a sharp rap across the knuckles to the providers of workplace pensions whose “member propositions” are woeful. Coward that I am, I have to ride shotgun on the coach and horses driven by Merryn Somerset-Webb in the … Continue reading
Posted in pensions
Tagged app, ft, lipstick on a pig, member experience, Merryn Somerset Webb, pensions, workplace Pensions
2 Comments
Helping older people with money
I’m pleased to see the FCA publishing a paper on the particular problems older people have with financial services, I haven’t read it all , only the summary (which I can summarise as the paper does)! The summary rightly … Continue reading
A battle won – not yet the war; FCA demands cost disclosure.
I get worried by premature announcements of victory. The battle to get proper cost disclosure is a long one , hostilities commenced properly with the OFT report on workplace pensions in 2014. This reminded Government that we know … Continue reading
Posted in auto-enrolment, pensions
Tagged chris sier, DWP, FCA, Transparency, war, workplace Pensions
6 Comments
It’s not “advice v guidance”; it’s “advice v selling”.
I have in my hand a little A5 leaflet from the Pensions Advisory Service , entitled Advice and Guidance ; Recognising the difference. I will try to get an electronic link to it but for now you’ll have to … Continue reading
Posted in advice gap, alvin hall, annuity, pensions
3 Comments
FCA -If you’re looking for innovation….get real!
The FCA says it has found precious little evidence of innovation from its Retirement Outcome Review. I am not surprised, judging by the people who it invites to its “workshops”, it is looking in the wrong places. It is necessary to … Continue reading
Posted in pensions
Tagged Anthony Morrow, FCA, Innovation, Michelle Cracknell, Paul Lewis, robo-advice, Romi Savova, TPAS
4 Comments
Would a shift from bonds to growth assets keep the USS afloat? – Mike Otsuka
Michael Otsuka is Professor of Philosophy at the London School of Economics. He has also served as the pensions officer for the LSE’s UCU branch. This article originally appeared on Wonkhe.com, the home of higher education policy, people and … Continue reading
Advising the 5,000; so where are the loaves and fishes?
The mass market of people retiring over the next few years no default means to spend their money and no access to suitably priced advice. That is the conclusion of the FCA consultation on Retirement Outcomes that has just closed. … Continue reading
Posted in annuity, auto-enrolment, pensions
Tagged advice, FCA, feeding the 500, Guidance, loaves and fishes, robo-advice, TPAS
3 Comments
FCA- Outcomes for DC savers will improve when we resume sharing risk!
The FCA has asked for response to it’s Retirement Outcome review, NEST have shared their response with the FT which reports NEST saying that, without “the right support structures in place”, it was “extremely concerned” its 5m members may run out … Continue reading
Posted in CDC, pensions
Tagged CDC, DB plans, pension, pensioner, Retirement outcomes, risk sharing
4 Comments