Monthly Archives: February 2024
Workplace defaults due a reset – says Aon’s Jo Sharples.
Jo Sharples, speaking on Darren and Nico’s podcast , takes us into the engine room of Aon’s decision making on the default strategy they set for the hundreds of thousands of savers in the Aon mastertrust. This may sound dry … Continue reading
Preparing for the FCA’s “nuclear bomb” on transfers.
February 20, 2024 10:30 am London At our next event Sarah Abraham, head of Pension Redress Services, at First Actuarial will be talking about why IFA’s should plan for pensions transfer redress. With the British Steel pension redress scheme still … Continue reading
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Tagged first actuarial, Pension Transfer, Sarah Abraham, Sarah Abrahamson
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Reduce risk ≠ do no business
Feedback from my mother (a normal human being) after completing an investment risk questionnaire designed by academics and compliance experts I, of course, tried to defend the importance of such questionnaires 🤥 pic.twitter.com/38dtoA0t2P — Elliot Guthrie (@elliotguthrie) February 16, 2024 … Continue reading
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James Kirkup – you’re 48 today. Get saving , stop moaning – grow up!
The people who are screwed are not those affected by the shift from DB to DC. Generally speaking, DB schemes, where they existed, tended to be replaced by good DC schemes. The people who are really screwed are those that … Continue reading
“What’s a sweetheart like you, doing in a dump like this?”
Comment of the week/month – possibly year goes to “John Richards” who appears to be a Cornish financial adviser (apologies to all the John Richards who he’s not). I guess that at 5.38 on a Friday afternoon John may have … Continue reading
70% of us don’t take advice when buying annuities – are we mugs?
ABI data shows that 2023 was a good year for annuity sales which totalled £5.2 billion. More people buy annuity rates when interest rates are rising. Annuities fulfil a need people have to secure a reliable retirement income for … Continue reading
Downsizing – buying sausages with bricks
“You can’t buy a sausage with a brick” my first sales manager told me, when he found I was more interested in selling mortgages than pensions. Back in 1984, few would have considered that the humble mortgage could leverage … Continue reading
Evelyn Partners – who will pay the PE piper?
Evelyn Partners is a large IFA owned by private equity. Citywire reminds us The business is the culmination of years of acquisitions, backed by Permira. The PE firm first bought Bestinvest in 2014 and combined it with Tilney. It grew the … Continue reading
A rule for everything – how lawyers are killing (CDC) pensions
The lawyers think that 2024 will be their CDC’s year. As a partner at Slaughter & May, Chris Sharpe is not eligible for a workplace pension , but he’s keen that those who choose workplace pensions, are legally advised on CDC. … Continue reading
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Unions , trustees and private equity managers should have aligned interests.
The extraordinary thing about the FT’s conversation with outgoing CI of Calstrs , Christopher Cailman, is that a pension fund’s attitude to the behaviour of its privately owned investments , should be its front story. Calstrs – the Californian Teachers … Continue reading