Monthly Archives: December 2017
Target pensions – freedom from freedoms
Last week I ran a couple of meetings of the Friends of CDC, a loose affiliation of pension people with a view that CDC can offer a solution to some of the intractable problems people face in retirement. Let’s start … Continue reading
Defined ambition – a trap avoided
This is a technical note from Con Keating that explains why mark-to-market accounting really doesn’t work for CDC. He sets out a more equitable basis for measuring funding. See if you can follow Con’s logic – I think I can … Continue reading
“What is CDC promising?” – Con Keating
In this article , first published in Pension Expert, Con Keating explains that while CDC is promising very little – which is why it is a concept of our time. The inquiry into Collective Defined Contribution pensions announced by the parliamentary … Continue reading
30,000 is a lot of people.
At Wednesday’s hearing of the Work and Pensions Select Committee, Allan Johnston (Chair of the Trustees) told us that there were some 30,000 people who had yet to submit their option to BSPS in their Time to Choose. Although he … Continue reading
Posted in BSPS, drawdown, pensions
Tagged BSPS, BSPS2, Drawdown, Pension Protection Fund, pensions, ppf
7 Comments
Frank Field and the “two worlds” of pensions.
On Thursday 13th December the Workplace and Pensions Select Committee took evidence from a variety of people with an interest in the choices members have to take as part of Time to Choose, but in the context of the … Continue reading
Posted in BSPS, pensions
Tagged Al Rush, BSPS, FCA, Frank Field, Megan Butler, pensions, The Pensions Regulator
4 Comments
Straight talking and honest representation
This morning I and three members of BSPS, give oral evidence to the Work and Pensions Select Committee at Parliament. We have been asked to speak about our experiences and comment on lessons that can be learned. The four of … Continue reading
Posted in advice gap, BSPS, pensions
Tagged BSPS, Steel, tata, Work and Pensions Select Comittee
2 Comments
The pension dashboard is changing – but for the better?
Like a fool I thought that a DWP seminar on the Pension Dashboard would be held at the DWP, it was held at the ABI. I had to double back on my Boris Bike. which meant I missed the … Continue reading
Posted in pensions
Tagged Aviva, Digital Garage, entrepreneurs, Hoxton, Innovation, Pension Dashboard, Technology
5 Comments
The Steelworkers submission to parliament
1. Social Media Rich Caddy created the British Steel Pension Members Facebook Group in April 2016 when Tata made their announcement about the future of Tata Steel UK (TSUK) Ltd and the potential impact on the British Steel Pension Scheme. The … Continue reading
A pension settlement needs general agreement.
I spent most of this cold dark weekend putting together a submission to the FCA on what we know is happening to millions of pounds of money that has been disinvested from the British Steel Pension Scheme and reinvested through … Continue reading
Posted in BSPS, Pension Freedoms, pensions, Royal Mail
Tagged BSPS, CWU, first actuarial, Royal Mail, USS
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Common sense to the rescue; Royal Mail and the CWU adopt CDC.
The last thing this country needs is more strife over pensions. With the BSPS Time To Choose election window , drawing to a close, it’s good to know another vexatious chapter will not be opened, Whichever side of the … Continue reading