Monthly Archives: January 2023
“Annuities, the least productive way to deliver pensions” – Ros Altmann
Yesterday’s blog which included Mark Ormston’s numbers on the cost of securing the retirement living standards with annuities, got better read than I expected. And it attracted some interesting comments. The blog set out to show just how much it … Continue reading
Mark Ormston on the price of securing “retirement living standards”
When I first read the PLSA’s 2022 update on their “retirement living standards” I queried the cost of securing the balance between a minimum , moderate or comfortable retirement income and what people are likely to get from the state … Continue reading
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Tagged mark ormston, Pensions, PLSA, Retirement Living Standard, state pension, Steve Webb
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Could DC consolidation cause a fresh pension crisis?
In this blog I argue that DC has its own version of LDI which is still embedded in many occupational DC schemes. Transferring out of these schemes risks crystallising losses for savers – akin to “losing the LDI … Continue reading
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Tagged consolidation, DC pension, Hedge, LDI, Pension consolidation, Trustee liability
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Can these insurers become useful to pension savers again?
Time was when people regarded a pension as an insurance against getting old, right now insurers compete with master trusts and SIPPs for the nation’s retirement saving and the staple features that made them indispensable seem increasingly irrelevant. … Continue reading
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Tagged annuities, assured retirement, Aviva, Canada Life, Hodge, Just, L&G, LV, Pensions, Scottish Widows, Standard Life
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A pension doesn’t have to be guaranteed – say the OECD – here’s how!
This blog looks at the various options available to the British pension system as alternatives to the current investment pathways, retirement “savers” have when looking at ways to access their pension pot. The options are laid out in this document … Continue reading
Neil Bull from TPR on the DB Funding Code – unmissable PlayPen event
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Tagged DB, DB Funding Code, Funding Code, Neil Bull, Pensions, TPR
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TPR’s news is that no-one knows what is going on in DC-land.
Nigel Wilson, boss of Legal & General, said when asked about investment strategies at a parliamentary hearing into LDI, “it may be that actually we want to spend more time on the DC pension schemes” At a separate hearing … Continue reading
PLSA’s retirement living standards – a moving target!
This year’s update on our need for retirement income if we are to have a basic , moderate or comfortable lifestyle is really valuable. The headline finding is that the cost of living crisis adds up to a 20% greater … Continue reading
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Tagged CPI, Inflation, pension, PLSA, Retirement Living Standards, state pension
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This vile harassment of mis-sold steelworkers must stop
The threat to mis-sold steelworkers Fueled by a self-reference sense of injustice , certain advisers owing redress to clients they have mis-advised to transfer out of the British Steel Pension Scheme are now making their victims pay twice by harassing … Continue reading
WTW can bring pensions to life for DC savers, but they need our help.
The headline says everything that is right about Willis Towers Watson’s intention and captures the problem it is facing. The DC saver needs a simple way to turn their pot to a pension, but breathing life into “CDC or “Collective … Continue reading