Monthly Archives: September 2022
BREAKING; 35% of employers see pension pausing increase
The CIPP’s quick poll on employee’s “pausing” contributions to workplace pensions, closed yesterday. For the first time , there is evidence of large scale pausing by employees who can’t afford their pensions. The CIPP report 410 employers participating, describing engagement … Continue reading
IGC reports? Please send send them to me!
Each year I report on the activities of Independent Governance Committees and their little sisters the Governance Advisory Arrangements. IGCs and GAAs are in place to keep the providers of contract based pension saving schemes honest. They are well … Continue reading
The real cost of buying a pension for your household
New analysis of government figures by Standard Life, , highlights that the average retired couple has a pension income worth £284 per week – made up of both occupational and private pension income – excluding state pension income. *Figures assume … Continue reading
The cost today of these reckless budget promises
“It looks like we’re headed for a spiral that we usually see in emerging markets crises, where policymakers struggle to reassert credibility,” Mansoor Mohi-uddin, chief economist at Bank of Singapore. Currency markets are now toying with the idea … Continue reading
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Tagged Chancellor, Dollar, Kwasi Kwarteng, pension, pound, Sunak, Truss
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Fact , fiction and speculation on pension tax relief
Fact The announcement from Kwasi Kwarteng which has been referred to as the ‘rabbit in a hat’ revelation was the abolition of the additional rate of tax of 45%, from April 2023. This was then followed by the news that … Continue reading
Digital pensions should mean more than an app
Graeme Riddoch asks us to consider pension technology and asks why we don’t have apps on our phones that allow us to manage our pension data – things like personal details, nominations and so on. Everything that Graeme says makes … Continue reading
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His Majesty’s Treasury’s big idea for pensions needs help
HMT has one explicit pensions policy mentioned in the mini-budget. The government is proposing that “well designed” performance fees, typically levied by private equity and venture capital managers, should be excluded from the 0.75% charge cap on DC workplace pension … Continue reading
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Tagged Asset Manager, HMT, illiquids, private markets, value, Value for Money
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Is there space for “financial inclusion” in the rush for growth?
Although Alex Burghart has been answering parliamentary question on pensions, he is not yet the pensions minister and there seems to be some hesitancy at the DWP about who is taking what responsibilities. Your source’s tip is consistent with Alex … Continue reading
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Tagged Alex Burghart, DWP, Guy Opperman, MP, Pensions, Pensions Minister
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Is the “Flex first – Fix later” a retirement income product (or just an idea)?
I chaired Phil Boyle’s presentation at the Pension PlayPen coffee morning on Tuesday (19th Sept). It was memorable, mainly for Phil’s measured and good humoured explanation, but for a sense among those asking questions, that we might be seeing the … Continue reading
What has Trussmoronics done to your pension?
Mess up gilts – you mess with pensions Ah gilts – my pension provider decided that as I was nearing retirement they’d put the majority of my fund into “safe” 15yr Gilts. I retired last August. Since then my DC … Continue reading
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