In the states, certain retirement savings programs have unique "catch-up" provisions - where those whose income varies from year to…
NEST’s Guided Retirement Fund in the UK gets part of the way there by separating money according to its intended…
"As usual with The Times, this is a briefing about England & Wales only." I'm so old that I can…
"... Setting a glide path in retirement is ‘completely useless’ and equities investments should be held in a portfolio for…
Monthly Archives: June 2024
Mr Farage taps the banks for £35bn – as predicted on this blog.
Edi Truell tells me that a few weeks back, he sat next to Andrew Bailey and Nick Lyons and suggested to the Guvnor he might like to divert some of his discretionary interest payments made on the QE debt to … Continue reading
When it comes to pensions – we don’t know what we’re doing.
TPT’s survey of its DC membership makes for predictably depressing reading (reporting from Professional Pensions) Nearly half of defined contribution (DC) savers on the verge of retirement are unaware as to how they will access their pension savings, according to … Continue reading
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Tagged Business, DWP, Financial services, Government, pension, Pension new, Pension Regulator, Pensions
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Going out with a Bim!
One politician I will miss in power from July is the Treasury’s Bim Afolami. I doubt he will be missed much by the regulators but he speaks for business and for many people like me, trying to get growth into … Continue reading
Labour scraps reintroduction of LTA, ” wrong priority – wrong time – wrong people”.
The FT , when they publish a manifesto leak are seldom wrong. When Bloomberg publish the same headline , we can be sure that the Labour party policy team has spoken. So speculation -that Rachel Reeves has abandoned her pledge … Continue reading
The Bank’s rabbit that could pay Farage’s bills
On Monday Nigel Farage will magic £35bn out of the Treasury to pay all the bills and leave a little bit over for a large round at the Dog and Duck. The Conservative party appear to have found, according to … Continue reading
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Why do we have a sick note culture – Mel?
Mel Stride will talk this morning to Laura Kuennsberg about spending £730m to rid Britain of its sick note culture. Mel Stride is a decent man, but he seems unable to break free from a campaign that is consistently pinning … Continue reading
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Private equity is not for dummies
In this weekend’s FT, Gillian Tett sets out the problems she has with the determination of a state court of Louisiana (in New Orleans) , throwing out demands for greater disclosure and transparency from the managers of and those funded … Continue reading
Can People’s Partnership not come up with something better than this?
The upcoming government has been urged to prioritise savers when forming pensions policy, with People’s Partnership outlining a four-point plan designed to ensure fairer retirement saving. This is how Pension Age reports news that People’s Partnership are alive to the … Continue reading
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We need our banks to step up and help out.
This is hard to explain, which is why the article is in the FT and not in other papers. The people who read the FT understand how the Bank of England sets interest rates and can work out that right … Continue reading
The IFS pension taxation proposals will get things done
It’s the Treasury what done it! The past nine years (since Steve Webb left office as the pension minister) have seen very little get done in pensions. Ros Altmann was ineffective from the House of Lords, Guy Opperman got … Continue reading
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You usually need 35 qualifying years of National Insurance contributions to get the full State Pension in the UK. If…