Monthly Archives: June 2018

Reckless Prudence; How to break a pension system

Posted on June 23, 2018 by henry tapper

George Cooper has just produced an article, re-published here, which I very much enjoy. I’m not the only one. Every #USS member should read @FixingEconomics‘s “Reckless Prudence: How to break a pension system” (link). Some quotes and comments in the … Continue reading →

Posted in pensions | Tagged , , , , , | 5 Comments

When we “de-risk” – where does the risk go?

Posted on June 23, 2018 by henry tapper

When you do the washing up, you leave your plates clean, the dirt gets washed down the sink. The same when you change the oil in your car or when you go to the toilet. What happens is that all … Continue reading →

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

Recognition for Al Rush and for Chive, but have we learned Port Talbot’s lessons?

Posted on June 22, 2018 by henry tapper

It was good that Chive received recognition from the IFA community at last night’s Money Marketing Awards. The final award of the evening is the Outstanding Contribution Award sponsored by @RoyalLondon #MMAwards2018 — Money Marketing (@_moneymarketing) June 21, 2018 It … Continue reading →

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The Fintech scene in London

Posted on June 21, 2018 by henry tapper

    I had a Fintechy sort of day yesterday, spending some of it at Boring Money’s Fintech day out in the luxury of Aviva’s basement cinema (well it felt like that).   The Fintechorama hosted by Holly Mackay was … Continue reading →

Posted in pensions | 1 Comment

Is calling a CDC pension a “wage in retirement” dishonest?

Posted on June 20, 2018 by henry tapper

I got home from a fine evening with David Byrne at the Apollo, to a surprising assault from John Ralfe. It’s not surprising to be verbally assaulted by John on Twitter, but it was surprising that John, who had been … Continue reading →

Posted in pensions | Tagged , , , | 5 Comments

More CDC nuts and bolts- this time from Kevin Wesbroom

Posted on June 19, 2018 by henry tapper

  Rt Hon Frank Field MP Work and Pensions Committee c/o Clerk of the Works and Pensions Committee House of Commons 7 Millbank, London, SW1P 3JA Dear Frank and colleagues Michael Johnson’s Commentary on Collective Defined Contribution (CDC) Michel Johnson … Continue reading →

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Nuts and bolts of CDC

Posted on June 19, 2018 by henry tapper

My twitter account is currently heavy with reproach from  John Ralfe and his followers who are demanding I deliver documents, statements and reveal confidential information about collective pension schemes; (I am also under fire for quoting Hamlet). To some this would be harassment, … Continue reading →

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Where are the millennials on trustee and IGC boards?

Posted on June 19, 2018 by henry tapper

I enjoyed the passion of Jennifer Lopes, a South African millennial who responded to my blog yesterday on the DWP’s new stance on responsible investment. This is fantastic. Many Funds here in South Africa are turning to more green investing … Continue reading →

Posted in advice gap, pensions, trustee | Tagged , | 8 Comments

Why pensions are turning green

Posted on June 18, 2018 by henry tapper

In an important consultation paper, the DWP has reversed its previous decision not to legislate to force pension scheme trustees to “go green”. Rather than rely on the Pension Regulator’s guidance, the Government now intends to require the trustees of … Continue reading →

Posted in advice gap, IGC, pensions | 4 Comments

Must we remain in darkness about our retirement money?

Posted on June 18, 2018 by henry tapper

  The two comments on this thread from David and Matt, show the two ways that pots could follow member. David’s solution is the solution that Hargreaves Lansdown want our Government to adopt. Matt points out that it could force … Continue reading →

Posted in advice gap, Payroll, pensions | Tagged , , , , , | 2 Comments