Monthly Archives: November 2022

Meet the first woman to reach north and south poles at today’s coffee morning

Pension PlayPen Coffee Morning – Tuesday 22 November at 10.30am As the industry celebrates “Women in Pensions” we want to turn our attention to another strong woman, namely polar explorer Ann Daniels.  Ann Daniels is the FIRST woman to have visited … Continue reading

Posted in pensions | Tagged , | Leave a comment

When will I get my state pension?

  In the DWP’s post Autumn Statement , statement there is an interesting paragraph about the review of the state pension age, the upshot of which is that we will have to wait a few more months for Lucy Neville … Continue reading

Posted in pensions | Tagged , , | 2 Comments

“We have a financial literacy problem, not a product scarcity problem!”.

This article is about what we can learn from Australia about “choice architecture” and how we can avoid leaving the important policy decisions too late, as I believe the Australians have done. As she learns the ropes, I hope that … Continue reading

Posted in pensions | Tagged , , , , , | 4 Comments

Unfunded pension promises don’t cost less to keep, but they’re more easy to break.

2/2 The cost of public sector pensions depends exclusively on the nature of the promise. Whether funded or unfunded, the promise is identical – and unconditional obligation for taxpayers to meet the pensions when they fall due. — John Ralfe … Continue reading

Posted in pensions | Tagged , , , , | 5 Comments

For Edi and Andy to do business, DC must grow up.

Let’s put aside all the arguments over how IRRs in the private equity world are calculated and address Edi’s fundamental question “why would private equity managers want to market their services to UK DC pension platforms?”. As Edi Truell is … Continue reading

Posted in pensions | Tagged , , , | 2 Comments

Kim Gubler and Heather Hopkins as one on the Consumer Duty

Kim has hit on the central difference between the FCA’s new consumer duty and previous attempts to provide an umbrella strategy that guides the behaviour of product providers and advisers. Can we all get behind a principle that puts the … Continue reading

Posted in pensions | 1 Comment

CDC is a naked flame in the ammunition dump!

I would urge anyone reading this blog to book 37:42 of their time to listen to Tom McPhail quiz Simon Eagle on how a retail CDC “scheme” might work. Simon is clear throughout that his expertise is in the actuarial … Continue reading

Posted in pensions | Tagged , , , , | 2 Comments

Simon Eagle of WTW explains “How a retail CDC product could work”.

Here is the full video of the debate on retail CDC that took place on http://www.pensionplaypen.com this week. I agree with Adrian Boulding I’ve just come from a great Pension Playpen CDC coffee morning with Simon Eagle. We made real … Continue reading

Posted in pensions | 4 Comments

How the budget impacts state pensions and benefits (a public service announcement).

I was up a mountain most of yesterday so missed the opportunity to provide knee-jerk reaction to the budget. It seems to have been the budget we expected and one that most working people feared. It was actually a better … Continue reading

Posted in pensions | Tagged , , | 2 Comments

An autumn statement for Britain – not the Tories.

  Today Jeremy Hunt will stand up and tell us his plan for getting Britain out of the shit, or at least for moving the shit around so that we all get some of the smelly stuff and it doesn’t … Continue reading

Posted in pensions | Tagged , , | Leave a comment