Category Archives: age wage
Investing to secure defined outcomes
This is Stuart Fowler‘s first post on this blog. I am very pleased he is sharing this essay which focuses on the difficult challenge of investing for a pension. When I met the Chairman of the FCA I asked him if … Continue reading
Posted in actuaries, advice gap, age wage
Tagged DB transfers, defined benefit, Drawdown, FCA, mortgage endowment, pension, Stuart Fowler
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Why value for money must be assessed on saver’s data
The numbers in the boxes above show how much value a group of savers have done with £523m invested in their pots. On the face of it, they have got a better return on average (4.75%) than if they’d been … Continue reading
Posted in advice gap, age wage
Tagged AgeWage, Consultation, DWP, IRR, Pensions, Performance
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“Shape up or shape out” – DWP give small DC schemes one year’s notice
It is not acceptable for savers to be enrolled in arrangements that do not deliver value in terms of costs, investment returns or secure and resilient governance. Government would expect trustees acting in the best interests of their members … Continue reading
Posted in advice gap, age wage, DWP, pensions, Pensions Regulator
Tagged dc, DC DWP Pension, DWP, Guy Opperman, TCFD, TPR, VFM
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Weathering the Storm
Iain Clacher & Con Keating As part of our Funding Code research, we searched for academic or practitioner papers covering long-term expected returns forecasts. We were particularly interested in the ex post accuracy of these forecasts. We found none which … Continue reading
Posted in actuaries, advice gap, age wage, pension genome, pensions, risk
Tagged #USS, CETV, DB transfers, ppf, Ralph nader, USS
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Savers are denied the right to check their pension statements
Although it feels like winning, this has been a tough few weeks for me and my team as we struggle to get nearly 600 Data Requests sent to pension providers. These have been entrusted to us via Letters of Authority … Continue reading
Posted in advice gap, age wage
Tagged FCA, GDPR, Jerry Schlichter, MAS, TPAS, treating customers fairly
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The best friend investors have never heard of (Robin Powell)
By ROBIN POWELL @RobinJPowell He’s arguably done more to advance the cause of ordinary investors than anyone except the late Jack Bogle. And the chances are you’ve probably never heard of him. His name is Jerry Schlichter, and he’s the … Continue reading
Posted in age wage
Tagged #TEBI, Evidenced Based Investor, Jerry Schlichter, Robin Powell, Schlitcherised
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Why I don’t support LCP and Royal London’s calls to boost DB transfer advice
LCP and Royal London jointly presented to an audience of 300 industry professionals yesterday on the vexed topic of “helping members get transfer advice”. The webinar can be watched here and as you’d expect from these organisations, this was … Continue reading
Posted in advice gap, age wage
Tagged #pensions, CETV, DB transfers, Pension Freedoms, Pensions
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Philip Bennett’s DB funding code response
Given that the future is unknowable (and particularly over very long time horizons), it is poor regulation to encourage all DB Schemes to adopt similar investment strategies (herding). Continue reading
Posted in advice gap, age wage, pensions, Pensions Regulator
Tagged Consultation, DB funding, Pensions, Philip Bennett, TPR
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Sam Marsh’s response to TPR’s DB Funding Code
Sam Marsh is a lecturer and branch president of the Sheffield UCU. He has responded on his own behalf to TPR’s consultation. Continue reading
Posted in age wage, pensions, USS
Tagged Consultation, DB Funding Code, pensions, Sam Marsh, TPR, UCU, USS
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The abuse of “platforms”; the distribution of pension scams abroad
Platforms can also be turned against the consumer, offer advisers huge commissions and legitimize the products of the morally bankrupt who set out to steal people’s money through scams. Continue reading