Monthly Archives: July 2020
Are we getting better at treating COVID-19?
By John Roberts and Matthew Edwards COVID-19 Actuaries Response Group – Learn. Share. Educate. Influence. Summary Comparing COVID-19 deaths against hospital admissions shows that the in-hospital mortality of COVID-19 patients has roughly halved from April to June. We … Continue reading
SJP – Pension’s Hotel California?
The ending to the Eagle’s Hotel California is famous “Relax”, said the night man “We are programmed to receive You can check out any time you like But you can never leave” St James Place boasts high retention rates … Continue reading
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SJP assess their value; I remain unimpressed.
Why do firms like SJP have to publish an Assessment of their value? SJP is an authorised fund manager or “AFM”. This is the FCA two years ago The FCA Assessment of Value rules which entered into force in September 2019 … Continue reading
Posted in actuaries, advice gap, pensions
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Opperman – pensions are for the long term
It was good to see Guy Opperman speaking at Professional Pensions Live. This is my take on his speech and the direction of Government pension’s policy as we come out of lock-down and into the summer recess! Recently Guy … Continue reading
Posted in advice gap, age wage, Dashboard, open pensions, Pension Freedoms, pensions
Tagged bowles, Dashboard, Guy Opperman, House of Lords, Pension Schemes Bill, pensions, Superfund
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AgeWage group hits 10,000 members
Marian Elliott and I had the idea of a linked in group for pension professionals in October 2009. Over the next decade it has grown from a playground where people could meet and do things off their own back to … Continue reading
Workplace pensions fall short over “at-retirement support”
At Retirement Support (with its unfortunate acronym) is not high on workplace pension provider’s priority lists and this is reflected in this survey published by Pensions Expert in an article by Stephanie Hawthorne The survey, conducted by Broadridge, was of … Continue reading
Posted in advice gap, age wage, pensions
Tagged AgeWage, At REtirement, pension, Savings
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Pension promises are never written in stone
Now matter how much emphasis we put on the word “defined” , the benefit we get from a pension is not set in stone. This was pointed out to me by John Ralfe Surely Henry you can see the difference … Continue reading
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An alternative to the dystopia of “pension de-risking”
One interesting thing about this episode is that we have seen the Pension Regulator’s preferred view ahead of the final legislation itself. Their usual defense of ”It’s the law that Parliament decided, and we are only implementing … Continue reading
Posted in actuaries, advice gap, de-risking, pensions, Retirement
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My noble Lords – you Canute be serious
King Canute was wise enough to know he could not hold back the incoming tide. This blog is about two decisions taken in the House of Lords which suggest that our peers have not learned that lesson. I have just … Continue reading
Posted in advice gap, age wage, pensions
Tagged canute, Dashboard, Pension Dashboard, pensions
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Lords say “no” to the “dumping” of open DB pension schemes!
This blog pays tribute to someone of whom I knew nothing but a couple of weeks ago but who has made an extraordinary contribution to UK pensions by means of what should be known as the Bowles Amendment. The Bowles … Continue reading
Posted in Bankers, CDC, dc pensions, de-risking, DWP, pensions
Tagged CDC, DB, Liberal Democrat, pensions, Sharon Bowles
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