Monthly Archives: February 2024
How to get 75% off your pension payments (low earners only may apply)
The DWP’s paper on low earners and pensions is a qualitative paper. That means it deals with everything but the maths. Yesterday I argued that for low earners, pension saving may not always be the right thing to do. … Continue reading
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PLSA see retirement liabilities rise most for the squeezed middle
If you are using the PLSA’s excellent Retirement Living Standards benchmarks in your guidance to DC savers, be ready to make immediate changes. Today they have published updated figures and as usual we owe it Jo Cumbo to be first … Continue reading
Mick McAteer joins calls to question pension’s “risk-transfer”.
Mick McAteer describes himself as a “critical friend” to the savings industry. He has been both critical and a friend to me for many years. Occasionally we find ourselves (nearly ) on the same page, as we did yesterday. Responding … Continue reading
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DC saving for the low paid – is it such a good idea?
I have only skim-read the DWP’s qualitative study on low earners and workplace saving and hope to do so properly this weekend. For now we have the edited highlights from Jo Cumbo’s twitter feeds that focus on the Pension Minister’s … Continue reading
Summer on the river
It is cold, wet , windy and dark, but summer is never far away and nor is boating on the Thames. Fun Food Festivity And from the bank
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Combining pots should not be this hard
I fear the blog I published over the weekend on logging your LOA may prove my “least read” article ever. If you are one of the 62 who have read it – thanks, if you weren’t – here’s my … Continue reading
Time for the CMA to take a look at pension risk-transfers?
UK Trustees are concerned about the growing involvement of overseas reinsurance firms in corporate #pension deals https://t.co/Xo8UBcLD41 via @ft — Josephine Cumbo (@JosephineCumbo) February 4, 2024 It is important that we learn our lessons. For more than a decade, the … Continue reading
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How’d you “like” it if Samsung circled your pad?
Imagine. You are on your way home on the tube and you are staring at an advert telling you where your home is! My friend Peter Tompkins is the most outgoing of actuaries – a true extravert. He didn’t bat … Continue reading
Armed forces get inflation protection on their pensions.
I am pleased to read this and thank Neil Marshall for drawing it to our attention. Armed Forces Pensions – Indexation & Revaluation 2024 Early each year a formal announcement is made by the Government regarding the “Public Service Pension … Continue reading
UK equities: stop tinkering and focus on the long term; Joseph Mariathasan
By Joseph Mariathasan February 2024 first published in IPE magazine) As the UK heads for a general election this year, both major parties (Labour and Conservative) will be proclaiming their solutions to the UK’s perennial problems of chronically low levels … Continue reading