Monthly Archives: November 2020

On the first day of lockdown, my partner said to me…

Posted on November 5, 2020 by henry tapper

Biden is going to win the US presidency and he’s going to win the popular vote by a landslide. All this talk of Trump’s is just talk. The markets know, the papers and the BBC are just stringing out the … Continue reading →

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CDC through but Nov 5th may see fireworks for Pension Schemes Bill

Posted on November 5, 2020 by henry tapper

CDC sails through Today the Pension Schemes Bill will continue its reading in committee stage in the House of Commons. In sharp contrast to  by its last outing in the Lords, we saw no fireworks- and certainly not the conflagration … Continue reading →

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Biden has this in the bag

Posted on November 4, 2020 by henry tapper

    Bookies are seldom wrong , especially when they are betting against each other. If you happen to be reading this at around 4pm on Wednesday 4th November, you can go on Betfair and find this. If you are … Continue reading →

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Dashboards aren’t the “small-pot fix” some claim

Posted on November 4, 2020 by henry tapper

  The ABI want us to consider pension dashboards as a means to consolidate small pots Imperative for any solution … is for government to prioritise delivery of commercial and non-commercial pensions dashboards to spur pension scheme members to consolidate … Continue reading →

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Now more than ever , Royal Mail’s CDC scheme looks a game changer

Posted on November 3, 2020 by henry tapper

I was lucky to be among the participants in yesterday’s Westminster Business Forum and hear Jon Millidge and Terry Pullinger talk with pride of the CDC scheme they expect to launch for over 140,000 postal workers. At a time of … Continue reading →

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Are John and Norma right – are we facing the end of mass-retirement?

Posted on November 2, 2020 by henry tapper

@JosephineCumbo could you pls explain why “open” DB schemes are less risky than closed schemes, and should therefore be subject to weaker funding requirements? “Josephine Cumbo: Open and closed case @@corpadviser https://t.co/u3loRiZxB6 — John Ralfe (@JohnRalfe1) October 30, 2020 The … Continue reading →

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Don’t let this bastard virus get you down!

Posted on November 1, 2020 by henry tapper

Boris Johnson insisted on Saturday he had no choice but to impose a second national lockdown to save tens of thousands of lives in the second wave of coronavirus. From one minute past midnight on Thursday, the whole of England … Continue reading →

Posted in coronavirus | Tagged , , , | 3 Comments

With Friends Like These, Who Needs Enemies? The DB Funding Code: An Existential Threat to Open DB Scheme

Posted on November 1, 2020 by henry tapper

  We have been asked what impact the Funding Code would have on open schemes by a number of correspondents.  This blog illustrates why the new funding code is the  biggest risk that open scheme members face . Simply put, … Continue reading →

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Workplace pensions – what we pay and why we pay it!

Posted on November 1, 2020 by henry tapper

David Hutchins , who is the presiding genius at Alliance Bernstein, a firm whose investment services power many workplace pensions has written a strongly worded piece in the FT that calls on product providers to ensure savers know what they … Continue reading →

Posted in accountants, advice gap, age wage | Tagged , , , , | 2 Comments