"prefers to compare the returns with a liability proxy (a mixture of gilt maturities)" Are those Index-Linked gilts, given that…
I agree the major problem with DC is that it has been designed as a savings plan not to provide…
Oh, and I think this confusion leading to DB being viewed as a pot by members is an unintended consequence…
I think the FT critic has fundamentally misunderstood what DB schemes are designed to do and how they differ from…
Category Archives: age wage
Saving up, spending down – are our finances having a good war?
There is of course no such thing as a good war and there’s no good pandemic either. But personal finances for the mass affluent appear to be improving through lockdown, at least that’s what data coming out of Pension Bee … Continue reading
Posted in advice gap, age wage, pensions
Tagged Covid-19, Pension Bee, pensions, war
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Is the UK institutionally ageist?
This week we hear that numbers in England and Wales dying in care homes is exceeding those in hospital. In March Government told these homes the risk of death in homes was “most unlikely”. How did it come to this? … Continue reading
Posted in actuaries, advice gap, age wage, later life, pensions, Ros Altmann
Tagged Care Homes, Covid-19, Debora Price, LSE, Nursing, ONS, Ros Altmann, Stuart McDonald
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“The way we were” – DWP AE Evaluation
In normal times, the publication of a major Government review of auto-enrolment would be newsworthy. Apart from a series of mentions by Jo Cumbo, I have seen no publicity for it – from the DWP or their press office or … Continue reading
Posted in age wage, DWP, pensions, Pensions Regulator, Retirement
Tagged AE, auto enrolment, DWP, pensions, TPR, workplace Pensions
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Powers during wartime- tPR and funding.
Jo Cumbo has written a fine piece in the FT’s Pension Expert . She is sympathetic to the Pension Regulator’s current dilemma and supportive of its position over deficit holidays. To be exact, Jo is supporting the balanced position … Continue reading
Posted in advice gap, age wage, pensions, Pensions Regulator, Retirement
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Pension Scamming – Justin Cash and I talk frankly
I’m found here talking to Money Marketing’s Justin Cash about pension scamming and financial resilience. It was a good day to speak as we’d just launched our anti-scam game http://www.scam-man.com. Doing a podcast by Zoom (I think it was … Continue reading
Posted in advice gap, age wage, pensions
Tagged justin cash, money marketing, pension scammers, podcast
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“Financial resilience” – austerity’s twin brother
In the aftermath of the collapse of Northern Rock in 2008, many savings institutions were hit with a run on deposits from savers keen to put their cash under the mattress. Mark Scantlebury and Vincent Franklin, who were then setting … Continue reading
Posted in advice gap, age wage, pensions
Tagged AgeWage, Covid-19, financial reslience, Government, pensions
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The end of furlough and what it means for pensions.
A question was asked of the DWP on April 24th filed under “Pensions: Advisory Services” To ask the Secretary of State for Work and Pensions, what discussions she has had with the Financial Conduct Authority (FCA) on when the FCA … Continue reading
Posted in advice gap, age wage, Big Government, FCA, pensions
Tagged Furlough, MAPS, MAS, pensions, TPAS, TPR
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Squeaky-bum-time for start-ups
Plenty of promises! Running a start-up at this moment is spooky. The Government promises support. but each new product seems to apply to someone like you – but not you! We haven’t furloughed anyone because what we do – help … Continue reading
Posted in age wage, Big Government, pensions, Value for Money
Tagged AgeWage, Government, Start up, WeWork
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Need help finding your national insurance number?
We need our national insurance number for all kinds of reason. It is our unique personal identifier and we often get asked for it for everything from finding pension pots to hiring a car. It appears on your payslip and … Continue reading
Posted in advice gap, age wage, Henry Tapper blog, pensions
Tagged AgeWage, find pensions, Government Gateway, HMRC, pensions
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Judging your workplace pension (by saver outcomes)
Defaqto has produced an important piece of work for financial advisers wanting to help employers get to know their workplace pension. You can access it via this link (there is a little signing up to do to get there) As … Continue reading
Posted in advice gap, age wage, pensions, workplace pensions
Tagged defaqto, IGC, Performance, Risk, risk adjusted, Sharpe, sortino, trustee, workplace Pensions
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Scheme actuaries use a nominal gilt yield curve, which they assert directly matches the currency and inflation exposure of those…