Category Archives: advice gap

Opperman – pensions are for the long term

  It was good to see Guy Opperman speaking at Professional Pensions Live. This is my take on his speech and the direction of Government pension’s policy as we come out of lock-down and into the summer recess! Recently Guy  … Continue reading

Posted in advice gap, age wage, Dashboard, open pensions, Pension Freedoms, pensions | Tagged , , , , , , | 1 Comment

Workplace pensions fall short over “at-retirement support”

At Retirement Support (with its unfortunate acronym) is not high on workplace pension provider’s priority lists and this is reflected in this survey published by Pensions Expert in an article by Stephanie Hawthorne The survey, conducted by Broadridge, was of … Continue reading

Posted in advice gap, age wage, pensions | Tagged , , , | Leave a comment

An alternative to the dystopia of “pension de-risking”

      One interesting thing about this episode is that we have seen the Pension Regulator’s preferred view ahead of the final legislation itself. Their usual defense of ”It’s the law that Parliament decided, and we are only implementing … Continue reading

Posted in actuaries, advice gap, de-risking, pensions, Retirement | Leave a comment

My noble Lords – you Canute be serious

King Canute was wise enough to know he could not hold back the incoming tide. This blog is about two decisions taken in the House of Lords which suggest that our peers have not learned that lesson. I have just … Continue reading

Posted in advice gap, age wage, pensions | Tagged , , , | 1 Comment

An advert you wouldn’t see in Britain!

Most UK pension people  will look at this advert (on Linked in) with bemusement, some may think it a scam, but I know the people behind this initiative and that, in Australia, they are in earnest for good. This article … Continue reading

Posted in actuaries, advice gap, age wage, pensions | Tagged , , , , , , | Leave a comment

Value for Money may just have had its eureka moment.

The story so far… 2014 – the OFT conclude that we are rubbish at buying pensions 2015 – FCA requires big insurers providing workplace pensions to set up IGCs (and most of the rest GAAs) 2016- IGCs start producing statements … Continue reading

Posted in advice gap, age wage, pensions, Value for Money | Leave a comment

Bench marking will challenge IGCs and raise their game!

This blog is a follow up to my piece which asks whether the FCA has let the IGCs off with impunity. The FCA has chosen not to publicly humiliate failing IGCs but to give them clear guidance for  the future. … Continue reading

Posted in advice gap, IGC, pensions | Tagged , , , | Leave a comment

So what can our past performance tell us of the future?

Very excited by developments in @agewageuk scoring that are helping us understand the risks each saver experiences relative to all relevant risks members can take, more in weeks to come! — Henry Tapper (@henryhtapper) July 2, 2020 It is narcissistic … Continue reading

Posted in advice gap, age wage, pensions | Tagged , , , , | Leave a comment

The risks “private funds” pose to UK’s workplace pensions.

The publication of a document form the American Securities and Exchange Commission into the activities of private equity and hedge funds (private funds)  came two days before the DWP called for evidence on the AE charge cap. You can read … Continue reading

Posted in advice gap, age wage, pensions | Tagged , , , , | 2 Comments

The FCA promote a secondary market in workplace pensions

It’s an obscure section of a paper that will probably be read by a relatively few people expert in pensions. If I hadn’t published it this morning it might have been overlooked as it is buried deep in the cost … Continue reading

Posted in advice gap, pension playpen, pensions | Tagged , , , , | 1 Comment