Category Archives: annuity

Smoke and daggers (Con Keating on ”confusions and misunderstandings”)


This article was published in yesterday’s Professional Pensions and is published here in its entirety with the permission of Con Keating. A search on Con Keating will give up other articles on this topic to which this blog refers! Given … Continue reading

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Please don’t die-I was enjoying your annuity!


News that Government has finally put the Secondary Annuity Market down is no surprise. It was one of Steve Webb’s worst ideas and has proved about as popular as Osborne. Economically, the creation of a market in annuities is a … Continue reading

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Whatever happened to the reform of pension tax relief?


The Government’s plans to resolve the injustices of the Pension Tax Relief system appear to have been ditched. Announced in the budget of 2015, expected in that year’s autumn statement and postponed in the months running up to this year’s … Continue reading

Posted in advice gap, annuity, auto-enrolment, pensions | Tagged , , , , | 4 Comments

A tragic tale of a split pension.


    This is the sad story of how someone, intent on running her finances independently of her “ex”, destroyed her personal financial security. It relates to a former member of my family and I am desperately sorry for her, … Continue reading

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Secondary annuities- more questions than answers


  I’ve been asked for my views on secondary annuities. I asked myself would I trade my annuity. Of course, I wouldn’t, I wouldn’t buy one. I wouldn’t sell my state pension, I wouldn’t sell my rights to my defined … Continue reading

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Secondary annuities – who benefits? RALPH FRANK


Another great guest blog from Ralph- keep them coming Ralph – your reader stats are awesome!(Pension Plowman) The seemingly inexorable march towards the creation of a secondary annuity market passed two significant milestones last week.  HMRC published a consultation covering the … Continue reading

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Heard the one about the Englishman, the Australian and the American?


If you are a fan of such jokes, read no further – the Social Market Foundation’s  (SMF) study “Golden Years? What freedom and choice will mean for UK pensioners“, contains all three characters (unsexed), but there the joking ends. This is … Continue reading

Posted in annuity, Australia, CDC, Paul Lewis, Pension Freedoms, pension playpen | Tagged , , , , , , , | 2 Comments

The ground moving under us.


What I like about August is that it gives you a little space. Nothing much gets done because at least one decision maker is away and we’re all waiting for September. The French just forget about working in August. Because … Continue reading

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GARs – a simpler way out for insurers…


This blog offers insurers a simple way out of the problem they have with Guaranteed Annuity Rates- it means paying the reserved for value of the policy rather than the (lower) investment value of the contributions. By way of explanation.. … Continue reading

Posted in annuity, EU Solvency II, investment, London, Pension Freedoms, pension playpen, pensions, Pensions Regulator | Tagged , , , , , , , , , | 6 Comments

Is commission really dying?


There has been nothing that has so harmed the image of pensions over the past thirty years as the deception of commission. I don’t want to use phrases such as “lack of transparency” or words like “opacity” words like these … Continue reading

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