Monthly Archives: January 2023

The give and take of workplace pensions (it can’t all be “done for us!”)

Posted on January 28, 2023 by henry tapper

“Done for you” has become an over-worked phrase in a very short time. I started using it to refer to the CDC decumulation solution discussed by Simon Eagle and others where CDC becomes another investment pathway – with the pension … Continue reading →

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Pension’s Keith Moon crashes Pension PlayPen – Tuesday

Posted on January 27, 2023 by henry tapper

Ian Beestin is a friend of mine. So I’m doing some drumming up for his appearance on the Pension PlayPen on Tuesday. Ian is an amusing person who has some good ideas, one of them is a business called Money … Continue reading →

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Fairer pensions? We must address both DB and DC as one.

Posted on January 27, 2023 by henry tapper

  I hope that the DWP and its new Minister for Pensions will focus on increasing fairness between those who have a DB and those who have a DC promise when it sets out its new package of DC reforms … Continue reading →

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Don’t let Slido ruin your event

Posted on January 27, 2023 by henry tapper

I went to two events yesterday, both very well run and both to some extent diminished by the lack of interaction between those presenting and those in the audience – listening. The reason- Slido – an app that can be … Continue reading →

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British Steel Action Group – you make me sick.

Posted on January 26, 2023 by henry tapper

  The FCA has had to make this statement today We are aware that certain firms are making unsolicited offers to former British Steel pension scheme (BSPS) members who have not made complaints. We are aware that 4 firms who … Continue reading →

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DWP plan major reforms to Defined Contribution Pensions

Posted on January 26, 2023 by henry tapper

Clearly the DWP has looked at the state of our DC workplace pensions and decided things must change. Laura Trott is inviting a group of stakeholders to a meeting early next week to ask questions about a package of reforms … Continue reading →

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Farce and contrition as the FCA make an effort

Posted on January 26, 2023 by henry tapper

From what I gather from those who attended CA’s session this week on the Consumer redress scheme. the event was notable for a degree of contrition from the FCA that they’d made such a mess of redress so far. Sadly, … Continue reading →

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The PPF report a £400bn fall in DB assets in 2022

Posted on January 25, 2023 by henry tapper

    The PPF’s estimate suggests that 23% of the asset base of Britain’s £1.8 trillion pound funded DB pensions has evaporated during 2022. This is equivalent to 23% of the assets. What goes down, will come back up but … Continue reading →

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For CDC to realise its potential – it needs to find its customers

Posted on January 25, 2023 by henry tapper

The Government is clearly serious about CDC This from the letter from the DWP to the Work and Pensions Committee on Monday. But the DWP has to accept that there is little evidence that master trusts of other kinds of … Continue reading →

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Extending auto-enrolment? Now is not the time.

Posted on January 24, 2023 by henry tapper

In a robust reply to the recommendations of the Work and Pensions Committee, the DWP has resoundingly said “no” to calls to implement “in the short-term” , the reforms it said it would implement in the middle of this decade. … Continue reading →

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