Steve Webb’s magnetic pension show , premiered at the LCP conference last week ,has been kicking up a storm ever since. Now you have a chance to hear Steve’s talk and be a part of the debate.
This extraordinary chart shows runaway growth in “deferred” pension pots that people have stopped paying into, usually when changing jobs. It’s a clear indication of why my colleague @stevewebb1‘s “magnetic pensions” solution is an idea whose time has comehttps://t.co/tjtMtApWiN pic.twitter.com/TDQ78d87Nd
— stuart mcdonald (@ActuaryByDay) April 20, 2024
Not all the comment has been entirely enthusiastic\
If you can’t see the practical issues with this you shouldn’t be anywhere near deciding what to do with other people’s pensions
None of the questions in the paper are the right ones 🙄. I’d hazard a guess @PensionsMonkey would get the two big ones straight away. https://t.co/b1dTiAoIW1
— Steve Groves (@Sjg3G) April 19, 2024
Not quite sure who you are insulting Steve! I am promoting Steve appearing at @pensionplaypen1 not endorsing the LCP paper. Can we turn down the volume- my elderly ears are ringing!
— Henry Tapper (@henryhtapper) April 19, 2024
I will take a look at the paper; at first glance it appears to be pot follows member just with a different name; if so, then all the arguments against that discredited approach still apply. Will read properly later
— Tom McPhail (@PensionsMonkey) April 19, 2024
Now the hottest show on town is coming to the Pension Playpen and as a reader of this blog , you are entitled to a free pass and access to the VIP lounge (everyone’s a VIP at PP).
Join here or cut and paste the link to your calendar
The power of the magnet
