Category Archives: advice gap
Opperman lays out his 2021 agenda at the PLSA
How far we’ve come from ministers reading out statements at pension conferences with no questions flanked at entry and exit by flunkies. Yesterday we had an open- shirted Pensions Minister delivering , seemingly without notes and within the intimacy of … Continue reading
Posted in advice gap, age wage
Tagged auto enrolment, Business, Guy Opperman, pension minister
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PLSA calls for its own regulatory regime to help us spend our pensions
The Retirement Living Standards were an initiative that the PLSA should be proud of and I’m glad to see WTW’s Lifesight integrating them into its modelling tools for its savers (announced yesterday). The difficult second album is to find … Continue reading
Global and UK Economic Recovery up to September 2020
Covid-19.arg Global and UK Economic Recovery up to September 2020 COVID-19 Actuaries Response Group – Learn. Share. Educate. Influence. Summary There are clear signs of economic recovery in the UK following the lockdown between March and June, as … Continue reading
Posted in advice gap, coronavirus
Tagged actuaries, Business and Economy, Covid-19, Economy, Joseph Lu
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Stop blaming freedom (for pension scamming)!
There are many things that pension freedoms have brought us and one of them is the pail of hogwash that they’ve opened the door to pension scams. This is the line peddled by the FCA’s new CEO Nikhil Rathi at … Continue reading
Green pensions? How the DWP are looking to take the luck out of the pot.
Gina Miller is right on this Encouraging people to go green with their #pensions is an excellent aspiration but be very cautious @GuyOpperman Until @TheFCA protects consumers by granting 100% transparency of holdings, acts to stop #greenwashing – this could … Continue reading
Posted in accountants, advice gap, age wage
Tagged Department for Work and Pensions, ESG, Green, Impact investment, luck, Pensions, Pot, SRI
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The conversion of the Pension Plowman
I had a bit of a ding-dong with Guy Opperman earlier in the year when I disagreed with him about getting illiquid investments into our workplace pension “Backing annuities – yes, backing DB scheme pensions -yes, but shoe-horned into DC … Continue reading
Posted in actuaries, advice gap, dc pensions, DWP, pensions
Tagged ESG, Impact investment, Infrastructure, Private Equity, social purpose
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Who will disrupt western financial markets?
Maarten Ectors, L&G’s Chief Innovation Officer, writes regularly about using innovation to create new businesses. He has created Fintechs himself and now holds sway over innovation in one of Britain’s most powerful financial institutions. When he writes, he writes with … Continue reading
Posted in advice gap, blockchain
Tagged China, DeFi, Disruption, FinTech, L&G, Maarten Ectors, Tik-tok
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Aussies put pensions to the test (could Britain follow?)
With characteristic bluntness, the Australian Government has decided that if a pension fund is not delivering to its users, it will be starved of new savers until it does. The Australian Taxation Office (ATO) will develop systems that will enable … Continue reading
Would CDC have surfed the pandemic’s waves? Aon think so
Earlier this week Willis Towers Watson explained how an individual’s buying power from a CDC scheme could be 70% higher than from a conventional DC scheme. Hot on its heels, Aon analysis shows UK CDC schemes would have weathered 2020’s … Continue reading
Posted in actuaries, advice gap, CDC, pensions
Tagged Aon, CDC, Pension Schemes Bill, Pensions, target pension
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Can HMRC find a solution to the net pay anomaly?
This article forms part of AgeWage’s response to the Government’s call for evidence on the administration of pensions tax-relief . Here we look at the steps pension provider can and are taking to make consumers aware of the problems of … Continue reading