Monthly Archives: September 2020
COVID-19 actuaries bulletin (as the second wave hits)
The Friday Report – Issue 22 … Continue reading
Posted in actuaries, advice gap, coronavirus
Tagged #covid19, actuaries, Actuaries Response Group, C19 Actuaries Response Group
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How SUEZ boosted their staff’s pension pots by £8.65m
I really admire organisations that are prepared to take a chance and test their workplace pensions for value for money. SUEZ is one such organisation. Michelle Sutton, SUEZ Head of pensions and reward talks here about how since 2004 … Continue reading
Posted in pensions
Tagged #pensions, Michelle Sutton, Pensions, Suez, Value for Money, VFM
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Is there a commercial market for Independent Financial Guidance
Is there even such a term? The FCA seem to think so ‘Guidance’ is a much broader term (than advice) and includes more general information about financial products. It can include information about different types of investments or general … Continue reading
Posted in pensions
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“Are we experiencing a second wave?” – asks Stuart McDonald
By Stuart McDonald for … Continue reading
Data in a dungeon
I’m pleased that Guy Opperman came out fighting for the dashboard when he addressed the Society of Pension Professionals yesterday. He identified two central problems facing the consumer wanting to find out about their pensions. That their data … Continue reading
Posted in advice gap, age wage, open pensions, Pension Freedoms
Tagged AgeWage, Business, dashboar, data lockdown, dc pensions, DWP, Guy Opperman, Pensions Dashboard
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Keep the messaging simple and follow the science
Government messaging on COVID-19 has ranged from effective to baffling and the consensus is that it works best when simple. While Sage might be agonizing over strategy the early messages about staying at home, keeping your distance and saving our … Continue reading
Your DC pension scheme may be for the chop- here’s why
Swimming is my new thing and I swim underground in a cave by St Pauls. As I swim along I ponder esoteric things like why the DWP are putting DC schemes with less than £100m in them – in … Continue reading
Association of Pension Lawyers dubious about tPR’s DB funding code
Editor’s note Apologies to the APL and to readers for the poor reproduction of Rosalind Connor’s letter. This is due to the shortcomings of my PDF reading rather than a failure of the APL to correctly format … Continue reading
Posted in Blogging, later life, leadership
Tagged APL, Arc, Consultation, DB Funding Code, Pension lawyers, Rosalind connor, TPR
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Investing to secure defined outcomes
This is Stuart Fowler‘s first post on this blog. I am very pleased he is sharing this essay which focuses on the difficult challenge of investing for a pension. When I met the Chairman of the FCA I asked him if … Continue reading
Posted in actuaries, advice gap, age wage
Tagged DB transfers, defined benefit, Drawdown, FCA, mortgage endowment, pension, Stuart Fowler
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Why value for money must be assessed on saver’s data
The numbers in the boxes above show how much value a group of savers have done with £523m invested in their pots. On the face of it, they have got a better return on average (4.75%) than if they’d been … Continue reading
Posted in advice gap, age wage
Tagged AgeWage, Consultation, DWP, IRR, Pensions, Performance
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