here’s what you’ve been saying
Monthly Archives: December 2017
When should pensions be cut in a CDC arrangement? – Con Keating
Or equivalently: how much risk to members’ pensions is there in mutually offered funded pension? The setting is the DB type pension (Cdb) of some fixed proportion of, say, final salary. Typically, for mature schemes these represent amounts which are … Continue reading
Why we are still angry about Port Talbot.
It’s the last day of 2017 and a time to look back at the last three months. The small picture is a series of events that have led to a general awareness that something very wrong was going on in … Continue reading
Posted in advice gap, pensions
Tagged Al Rush, BSPS, Niche, pensions, Ray Adams, tata, Vega, Vega Algorithms
2 Comments
Some commercial considerations for CDC
So who’s going to “sell” CDC? What an odd question! I can see the friends of CDC choking over their cornflakes at my asking this question. In the gentile world of policy- it is rarely done to use the “s” word! … Continue reading
Posted in actuaries, advice gap, CDC, pensions
Tagged CDC, CETV, Defined Ambition, Incentivisation, pension, Tax, Wage for life, workplace Pensions
1 Comment
That’s what Friends (of CDC) are for!
It is not pleasant to open your phone to find 25 messages directed towards you and your colleagues trolling your work. So thanks to Alan Higham for what I hope is a message if not of support, at least … Continue reading
Posted in pensions
Tagged CDC, Con Keating, Freinds of CDC, friends, Mike Otsuka, pensions
1 Comment
“Might young people do well from CDC?” – Con Keating’s thinking on investments.
In a risk-obsessed world, Con Keating observes that it’s its absence of risk-management that could be CDC’s greatest boon to the young. The new member joining a collective DC scheme is contributing marginally to a collective fund. This fund is itself … Continue reading
Posted in CDC, pensions
Tagged CDC, Con Keating, de-risking, milennials, pensins, Young People
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Big pension decisions need grounding.
I am getting worried by the return of the word “systemic”. It pops up in Andrew Warwick-Thompson’s (otherwise) excellent article “a misunderstood shift” and it’s behind calls from those who know better to “just ban transfers”. It would … Continue reading
Tell us what value is and we’ll measure it!
Donny Hay , a client Director at Pitman’s Trustees, argues cogently in this week’s Pension Expert- about recent work by Chris Sier and colleagues the cost assessment template focuses on the numbers, but says nothing about whether those costs represent … Continue reading
Posted in pensions
Tagged chris sier, Donny Hay, FCA, pensions, Pitmans, PTL, Value for Money
3 Comments
If you can’t be clever – have clever friends
Having clever friends has been the secret to whatever success I’ve had! In my third year at college in 1983, a bloke in specs appeared. His name was David Wilson and he came out drinking with us. He was a … Continue reading
Posted in Blogging, pensions
Tagged Cambridge, David Wilson, Selwyn, Sophie Wilson, University Challenge
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One man’s solution to his problems with “pension freedoms”
David Neilly is a steelworker who has represented Port Talbot members of BSPS at Parliament. His words count; we talk of a pensions “industry” but this is from a man of Ravenscraig and Port Talbot. It is published with … Continue reading
Posted in pensions
4 Comments
Resisting the irresistible; how do you stop pension transfers?
In my inbox is a powerful statement from a steel-worker in Port Talbot who has suggestions about how transfers from defined benefit schemes are conducted. It asks a fundamental question, if we are seeing such a number of such transfers, … Continue reading
