"To what extent do minimum AE contributions need to increase? It would be good if everyone had contributions into DC…
Except they’re not saving into a pension, Minister unless we convert all those pots to CDC and give them what…
Scottish teachers' pay increases, such as the recent multi-year agreement negotiated via the Scottish Negotiating Committee for Teachers (SNCT) covering…
When only 8 to 15 mega-trusts dominate the entire defined contribution (DC) and LGPS landscape, peer-group risk may override manager…
Monthly Archives: July 2023
We can equalise opportunities but we cannot equalise genders
The gender gap is about gaps in opportunity and reward. It is real and to be taken seriously. However, the battle of the sexes, that has been raging for millenia, has a history of good humour about it. I write … Continue reading
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Could workplace pensions own financial advisors?
There must be well over a thousand pages of consultation in the documents which will collectively be known as the Mansion House Reforms. They cover consolidation of workplace pensions, at retirement decision making, CDC, the authorisation of pension superfunds, the … Continue reading
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What to do with workplace GPPs?
Workplace GPPs are a bit of an embarassment aren’t they? A long time ago, before auto-enrolment was thought about, the Government decided to create the stakeholder pension which every employer with more than five staff would have to offer as … Continue reading
TPR should now focus on “Employer Knowledge and Understanding”.
It’s my most used snip in 15 years writing this blog and I wish it wasn’t. When Steve Webb turned down the AE three’s suggestion that employers could chose a workplace pension from a safe harbour , he made it … Continue reading
“I am an actuary” – Boulding’s shock admission on VFM Pod 27
Yes – the great man does say it – in response to a genuine inquiry from Darren Philp. Are you an actuary Adrian? There could be no greater compliment to Adrian that he speaks the language and thinks the thoughts … Continue reading
Uxbridge vs the planet
The victory of the Conservative party at the Uxbridge by election is a defeat for the social contract that has been building around the globe to defeat climate change. It is a small defeat but it could be the start … Continue reading
Superfunds need the power of the Chancellor’s conviction
There are areas of pensions where laypeople fear to tread. Typically they are areas where there are guarantees secured by capital or debt. LDI was such an area. Another area where consumer orientated commentators are unwelcome, is in discussions … Continue reading
Master trusts get a gentle kick up the bum!
The Mansion House reforms are giving workplace pensions a welcome kick up the bum. I can see four strategies taking hold over the next 12 months Renovation through acquisition Re-energising pensions for small employers A flight to quality for … Continue reading
www.nber.org/system/files/working_papers/w32828/w32828.pdf While there is good evidence for automatic escalation in the US, it is not as powerful as its advocates…