Monthly Archives: September 2018
A brief history of pension dashboards! Thx. to Richard Smith
Thanks to Richard Smith for this! Richard’s views are not quite mine (I’m not a compulsionista or a single dashboard man!). Nevertheless this info graphic is really helpful as it reminds us of the difficulty the Government has in keeping … Continue reading
Posted in advice gap, age wage, pensions
Tagged ABI, Dashboard, Pension Dashboard, pensions, Richard Smith, workplace
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Pots follow meerkats?
We all know the problem but it was well put in a recent NOW pensions press release. “There has been a stratospheric rise in pension saving since the introduction of auto enrolment. The ONS data shows that active membership of … Continue reading
Posted in advice gap, age wage, pensions
Tagged AgeWage, BGL, Compare the Market, CTM, Mr Money, NEST, NOW Pensions, pensions, Peoples, Sun
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The Sun says we’re pension potty
What do the 10m new savers read? Not their pension illustrations – they read Sun Money – Dan Jones’ excellent financial section. Today’s lead article is about pensions and before everyone comments “not another slagging off for the industry”, it’s … Continue reading
Posted in age wage, pensions
Tagged Mr Money, pension potty, pensions, Rip-off, rip-off charges, Sun, the Sun
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The silent majority aren’t drawing down anything!
The proportion of full cash withdrawals and annuity plans sold with advice in the second half of 2017/18 fell to its lowest rate since the second half of 2015/16. This means that an increasing proportion of pots accessed through an … Continue reading
Posted in pensions
Tagged CDC, Drawdown, Drawdown pensions, FCA, Guy Opperman, pensions, TPR
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The public debate on USS is elevated by King and Kay.
Exclamation: Master @JohnRalfe1! Mervyn King has now joined UCU and is spouting what you call “#USS #smokescreen and pure #UCU #bollocks“! Calling Bazooka @mikeotsuka and Plowman @henryhtapper https://t.co/OFuewk3ER7 — John Ralfebot (@Ralfebot) September 6, 2018 One of the joys of … Continue reading
Posted in pensions, USS
Tagged CDC, CWU, John Kay, Mervyn King, pensions, Royal Mail, Terry Pullinger, USS
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What’s Hillsborough got to do with it? WPC, pensions and Transparency
This was the question on the lips of several members of the public gallery as they left the Work and Pensions Select Committee evidence session which you can watch here . If you have an FT subscription you can read … Continue reading
Posted in age wage, pensions
Tagged AgeWage, Dashboard, Hillsborough, Pension Dashboard, pensions, Technology
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I want to choose my dashboard please!
Thankfully the Government has seen sense, it is not going to provide a one size fits all Volkswagon dashboard, it’s going to offer us a motor-show of choice! The Government is not going to build or maintain a pension dashboard. … Continue reading
Posted in advice gap, pensions
Tagged AgeWage, CDC, DWP, FinTech, MoneyHub, Open Banking, Pension Bee, Pension Dashboard, pensions, Pentech, Revolut, Starling, Yolt
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The dashboard is dead – long live dashboards!
The following statement was made by Simon Kirby, then a Treasury Minister , in my presence on 12th September 2016 I think there are three main principles that must underpin (the dashboard’s) whole design. Firstly, it will need to be open. No single … Continue reading
Posted in advice gap, age wage, auto-enrolment, Bankers, Big Government, pensions
Tagged AgeWage, Beau Brummel, FinTech, Pension Bee, Pension Dashboard, Pension Tech, pensions, simon kirby
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CDC has cross-party support, it also needs cross-departmental support.
I was at a CDC Forum yesterday with people from the DWP and various pension experts, I can’t say who or what they said but suffice it to say that this was “large employer stuff”. Necessarily this is where the … Continue reading
“Are people that dumb?” Compulsion and dashboards.
The FT are running a story about the “pensions industry” regrouping around Plan B and doing their own dashboard. There is indeed a conference in September about this and I’d urge you to go (I hope to contribute). There is … Continue reading
Posted in pensions
Tagged ABI, DWP, Pension Dashboard, pensions, September, Tom McPhail, Tom Selby, TPR
8 Comments