Category Archives: age wage
With Friends Like These, Who Needs Enemies? The DB Funding Code: An Existential Threat to Open DB Scheme
We have been asked what impact the Funding Code would have on open schemes by a number of correspondents. This blog illustrates why the new funding code is the biggest risk that open scheme members face . Simply put, … Continue reading
Posted in actuaries, advice gap, age wage
Tagged Con Keating, DB Funding Code, Dr Iain Clacher, open pensions, Pension Schemes Bill, Pensions
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Workplace pensions – what we pay and why we pay it!
David Hutchins , who is the presiding genius at Alliance Bernstein, a firm whose investment services power many workplace pensions has written a strongly worded piece in the FT that calls on product providers to ensure savers know what they … Continue reading
Posted in accountants, advice gap, age wage
Tagged Alliance Bernstein, david hutchins, Funds, Value for Money, VFM
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Who pays for us doing nothing? Pension schemes and the poor!
Crikey, that’s some chart. But, what does it mean for future of credit etc? 1. Those who are attractive to lend to don’t need or want credit 2. Those who need credit most are not attractive to lend to. This … Continue reading
Posted in advice gap, age wage, de-risking
Tagged credit, credit cards, de-risking, financial inclusion, Furlough, poor, TPR
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The company pension is as good as dead
Until the turn of the millennium, most enterprise companies had their own pension scheme. Even if it wasn’t offering a defined benefit, the scheme was likely to have trustees drawn from the board with representatives nominated by members (often organised … Continue reading
Why Steelworkers should question this pension buy-out.
News that Pension Insurance Corporation (PIC) has rescued those former members of the British Steel Pension Scheme who are currently in the PPF assessment period has been widely promoted by PIC’s financial PRs and got some favourable coverage in … Continue reading
Posted in age wage, BSPS
Tagged #pensions, British Steel, BSPS, Pension Protection Fund, Pensions, ppf
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Staying motivated with tough times ahead
I’m sure I’m not alone in feeling apprehensive. The winter is coming and the evenings are drawing in, London’s in the first stages of lockdown though this time we are behind our friends in the north. The furlough is unwinding … Continue reading
Posted in advice gap, age wage
Tagged Covid-19, crack in everything, Leonard Cohen, ring the bells
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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
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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