Thanks. "The crucial difference, however, is that the ISA withdrawal is not a loan." As the two article links confirm,…
www.nber.org/system/files/working_papers/w32828/w32828.pdf While there is good evidence for automatic escalation in the US, it is not as powerful as its advocates…
"To what extent do minimum AE contributions need to increase? It would be good if everyone had contributions into DC…
Except they’re not saving into a pension, Minister unless we convert all those pots to CDC and give them what…
Category Archives: age wage
Is value only in the eye of the beholder?
Yesterday’s blog on the capacity of “value” to simplify pensions has solicited some strong comment and a very interesting debate on linked in I am interested in the comments of Simon Ellis who has been assessing value in funds For … Continue reading
Posted in advice gap, age wage, pensions
Tagged AgeWage, FCA, HSBC, Simon Elllis, TPR, Value for Money
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DC Governance – “for the saver not the sponsor”.
The simplest way of looking at the shift from DB to DC in the UK over the past 25 years as a risk transfer from collective (underwritten by a sponsor) to individual (with no underwriting – even where there is … Continue reading
Posted in advice gap, age wage, Dashboard, dc pensions, pensions
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Prem Sikka’s peerage – its value to accounting , governance and pensions
Prem Sikka, too, is an appointment to be welcomed as strengthening the Lords pensions team. Read his monograph from 2006, “Pensions crisis a failure of public policymaking”, https://t.co/xBHu7dgVKJ. Chapter 2: THE PENSIONS CRISIS: FACT AND FICTION explains the valuation and… … Continue reading
Posted in accountants, advice gap, age wage, pensions
Tagged Accounting, Bryn Davies, Dennis Leech, ESG, House of Lords, pensions, prem sikka, Ros Altmann, Sharon Bowles
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“That’s an interesting choice”
“That’s an interesting choice” is a statement that interests me a lot. It is an entirely satisfactory response to a test we have just started with the FCA in which we allow people to compare pension pots by way of … Continue reading
Posted in actuaries, advice gap, age wage, pensions
Tagged advice, choice, FCA, interesting, meaningful, pension, pensions, Sandbox, Scam, scammer
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Bryn Davies ; Our new voice in the Lords
There were three peerages created yesterday for services to pensions , all three deserved. Frank Field and Helena Morrissey are high profile and fly their own flags, Bryn is less well known but no less deserving. Bryn’s career Brinley Howard … Continue reading
Posted in actuaries, advice gap, age wage, pensions
Tagged Actuary, Bryn Davies, ILEA, Jeremy Corbyn, pensions
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“Gonna break out of the City” – and retire to a very cheap house in the country
No song was more thrilling to me as a 15 year old than Eddie and the Hot Rods “do anything you wanna do!”. Its opening line is quoted in the title of this blog and you can hear Eddie … Continue reading
Did active managers protect us from the pandemic? American research says “NO!”
Are active fund managers working harder for us through the pandemic? Not according to an analysis of mutual fund returns and flows. It seems that what has served investors well is being in funds investing in equities that … Continue reading
Posted in advice gap, age wage, pensions
Tagged Active Fund management, active funds, Morningstar, Pastor and Vorsatz, Research
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How can you test the “quality of service” you’re getting from your pensions?
“Value for money is more than just an analysis of cost” – we are told “Value for money is more than just an analysis of the money paid” – we are told “Value for money is also about ‘quality of … Continue reading
Posted in advice gap, age wage, pensions
Tagged FCA, pensions, Quality of service, Sandbox, Value for Money, VFM
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Is HMRC handing the low-paid pension saver a Pyrrhic victory?
The government has today published a ‘call for evidence’ on how to address the different outcomes for lower earners, depending on whether their pension schemes use the relief at source (RAS) or net pay method of tax relief. The call … Continue reading
Should the tax-payer subsidise the cost of vertically integrated advice?
The cost of pensions tax-relief is likely to be a burning issue in the months ahead. The tax-payer is supposed to incentivise good behavior. Pre-funding retirement income leads to self-sufficiency and independence on younger generations in later life. That’s … Continue reading
Posted in advice gap, age wage, dc pensions, pensions
Tagged advice, cross-subsidy, financial advice, SJP, Vertical integration
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I did not find this , Torsten's most impressive work (not sure it was his). But it at least remind…