Monthly Archives: September 2020
Spot on Steven Cameron – VFM needs radical innovation!
I find myself in agreement with Aegon’s Steven Cameron in his position on the FCA’s value for money proposals as reported in Pension Age Steven Cameron, has highlighted concerns with proposed responsibilities for Independent Governance Committees (IGCs) in the Financial … Continue reading
Posted in pensions
Tagged Aegon, Diagnostics, DWP, FCA, Guy Opperman, steven cameron, VFM
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A sense of proportion; (Keating and Clacher on insolvencies and the PPF)
In this article, Keating and Clacher consider corporate insolvencies and their impact on the PPF – they call for a sense of proportion. Last year DB pension schemes paid £65 billion in pension benefits to pensioners; the PPF paid £775 … Continue reading
Posted in actuaries, advice gap
Tagged Clacher, DB pensins, Dr Iain Clacher, Insolvency, Keating, Pensions, ppf
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Where are our retirement savings?
Thanks to Fundscape for sharing this graphic which seeks to lay out what we have in investments (some of which may become our retirement savings – or even a pension). My title refers to “Retirement Savings”, though Fundscape are talking … Continue reading
Posted in advice gap, age wage, pensions
Tagged advice, alternative investment, fundscape, Investment
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How “value for money” has become the UK’s key metric for DC pensions
We have seen two regulatory publications over the pandemic one from the FCA and the other from the pension strategy team of the DWP. The FCA have produced CP20/09- “Driving value for Money in Pensions” and the DWP the … Continue reading
TISA’s plans for low paid AE opt outs are a disgrace
About a year ago the Tax Incentivised Savings Association (Tisa) asked its members to vote for a name change to The Investing and Saving Alliance. This meant it kept the Tisa acronym even though the underlying name changed. TISA hopes it … Continue reading
Posted in pensions
Tagged advice, AE, AgeWage, auto enrolment, auto-enrolement, Business, Business and Economy, TISA
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Why a vaccine can provide better immunity than an actual infection
Thanks to Nicola Oliver for highlighting this article from the Conversation in Linked in. At a time of increased anxiety, information about roads to immunity give some comfort, but this article by Maitreyi Shivkumar manages to underpin optimism with medical … Continue reading
Posted in pensions
Tagged Covid-19, Covid-19 action group, de Montfort University, Maitreyi Shivkumar, Polio, Vaccine
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What’s the value for the risk I take (in my pensions)
Guest blog from Rahul Agarwal The problem we are trying to solve We start with the aim of creating universally applicable metrics which help understand the value people have got for their money and the likelihood of future … Continue reading
Posted in advice gap, age wage
Tagged AgeWage, dc pensions, Pensions, value for risk taken, VFM
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Lady Lucy and the Riva Ariston – costs are appropriate, value is common.
A couple of weeks ago, one of Lady Lucy’s engines stopped working. It turned out that I had run its fuel out. Worse, i had no way of knowing as the engine’s fuel gauge was broken. Meanwhile the other engine … Continue reading
Andy Cheseldine’s VFM assessment is just too good!
Andy Cheseldine gave , in 21 minutes , one of the most complete and articulate expressions of what makes for good value in a DC pension scheme. I hate the word “masterclass” but on this occasion it is appropriate and … Continue reading
Posted in age wage
Tagged Andy Cheseldine, Boring Money, DWP, FCA, Pension Age, Pension Bee, Smart, Smart Pensions
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1995 and all that (legacy images in a digital age).
Well done Professional Pensions for marking its 25th anniversary with photos of crusty veterans who were pensioning 25 years ago. I think my photo may be 35 years old as it was taken on my first skiing holiday -(sales convention) … Continue reading