Monthly Archives: November 2020
On the first day of lockdown, my partner said to me…
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
CDC through but Nov 5th may see fireworks for Pension Schemes Bill
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
Posted in pensions
Tagged Bonfire Day, Fireworks, Pensions, Ros Altmann, TPR, trouble
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Biden has this in the bag
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
Posted in pensions
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Dashboards aren’t the “small-pot fix” some claim
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
Posted in advice gap, age wage, pensions
Tagged consolidation, Pensions, small pots, Stephen Timms
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Now more than ever , Royal Mail’s CDC scheme looks a game changer
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
Posted in advice gap, CDC, DWP
Tagged CDC, CWU, Millidge, Pensions, Pullinger, Royal Mail
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Are John and Norma right – are we facing the end of mass-retirement?
@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
Posted in pensions
Tagged DB Funding Code, de-risking, John Ralfe, Lockdown, Norma Cohen, Pensions, Ros Altmann, TPR
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Don’t let this bastard virus get you down!
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
With Friends Like These, Who Needs Enemies? The DB Funding Code: An Existential Threat to Open DB Scheme
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
Posted in actuaries, advice gap, age wage
Tagged Con Keating, DB Funding Code, Dr Iain Clacher, open pensions, Pension Schemes Bill, Pensions
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Workplace pensions – what we pay and why we pay it!
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 Alliance Bernstein, david hutchins, Funds, Value for Money, VFM
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