Monthly Archives: January 2018
How to run a pension at 1/30th the cost of the pension charge cap.
How much does it cost to actively manage Alecta, Sweden’s largest workplace pension provider? The answer, according to Magnus Billing – is 0.024% of the funds assets each year. That’s less than 1/30th of the 0.75% cap imposed by … Continue reading
Posted in advice gap, pensions, Value for Money, workplace pensions
Tagged Alecta, Charge cap, IGC, master trust, NEST, Value for Money, workplace Pensions
2 Comments
“No alternative methodology was proposed” – Mike Otsuka calls UUK
Why it matters that this claim of UUK’s is false UUK’s Q&As on the USS valuation from mid-December end on a perplexingly obviously false note, which I highlight in bold: “UCU have raised a number of concerns regarding the USS valuation … Continue reading
Save money and party – it’s the best way!
There is saving gene in our DNA. I haven’t firmly identified it from the human genome project but I think it’s the black ball just to the left of the light blue one second coil along. Well there has to be a … Continue reading
Will “sausage and chips” replace the Lamborghini?
As the initial euphoria of ‘never having to buy an annuity again’ wears off, the prospect of freedoms becomes less appealing Whether ‘sausage and chips’ or ‘chicken in the basket’, the ‘factory gating’ that has gone on in South Wales … Continue reading
Posted in BSPS, pensions
Tagged British Steel, BSPS, lamborghini, Port Talbot, professional pensions, Sausage and Chips
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The Average Return doesn’t exist.
It’s not often you get to read such a sensible analysis of statistics as this! The implications for people trying to manage their pensions on the basis that on average they’ll get a 7.5% return on their pot are frightening, … Continue reading
Posted in pensions
2 Comments
It’s not just IFAs that should be livid!
Here is the note I wrote when I read New Model Advisers report On why FSCS cannot determine its current levy (uncertainty over Strand Capital) On why FSCS has to unravel its past compensation (uncertainty over Arch Cru) Today (Jan … Continue reading
Posted in accountants, advice gap, FCA, governance, pensions
Tagged FCA, FSCS, Funds, Gallium, Ken Davey, Nescape, SIPP
1 Comment
Has Tata the courage of its conviction? (the workplace pension that dare not speak its name)
It I’ve been in correspondence with a steelworker who wrote me this Over the past few months when my work colleagues at TATA have been talking about transferring out I suggested the TATA Aviva Plan to them as it … Continue reading
The incoherence of UUK’s attitude towards risk – Mike Otsuka
Low risk is intolerable when shared by 350 institutions but high risk is fine when borne by workers individually USS’s current troubles, and UUK’s proposed solution, reflect an incoherent attitude toward risk on the part of our employers. Their responsibility … Continue reading
Posted in pensions, USS, Value for Money, welfare
Tagged Mike Otsuka, pensions, Risk, USS, UUK
10 Comments
Aussie’s are “Super Pension Savvy” – why aren’t we?
As most people (in pensions) know, Australia has a thriving retirement savings industry that works because there is a social contract between Government, Unions and Employers to fund workers pensions at ever-increasing amounts. I don’t want to do a teach in – … Continue reading
Posted in advice gap, Australia, auto-enrolment, cricket, dc pensions, pensions
Tagged Ashes, Aussie, auto enrolment, dc, Savvy, Super, workplace Pensions
3 Comments
Thanks to all our nice new friends!
What a lovely New Year’s surprise! A gang of flamers having fun “one-starring” my blog! Well it’s good news for me, all feedback is good feedback and your dislike of everything I am writing is boosting my google … Continue reading