Category Archives: annuity

The Great #PensionDebate…is wider than Swansea Bay!


The Great Pension Debate was a fabulous success and proves for a second time that Al Rush is capable of uniting a body of pension enthusiasts in a way nobody else can. Good job Al.   The ongoing challenge Much as … Continue reading

Posted in annuity, pensions | Tagged , , , , , , , , | Leave a comment

The Great Pension Debate (II); July 10-11.


    Al Rush is convening the clans to the Aberavon Beach Hotel in Port Talbot. You could – and most likely should – be there! If you want to crash your diary and head for Wales, you have only … Continue reading

Posted in advice gap, annuity, BSPS, pensions | Leave a comment

Recognition for Al Rush and for Chive, but have we learned Port Talbot’s lessons?


It was good that Chive received recognition from the IFA community at last night’s Money Marketing Awards. The final award of the evening is the Outstanding Contribution Award sponsored by @RoyalLondon #MMAwards2018 — Money Marketing (@_moneymarketing) June 21, 2018 It … Continue reading

Posted in actuaries, annuity, pensions | Tagged , , , , | Leave a comment

“Why Michael Johnson’s so wrong!” – Con Keating


Michael Johnson’s letter to Frank Field & Co on CDC (reproduced in full here) was a real disappointment. I had expected more; a new and closely reasoned critique, passionately believed, perhaps. What I got was a tired and repetitive rehearsal … Continue reading

Posted in annuity, blockchain, CDC, defined ambition, defined aspiration, pensions | Tagged , , , , , | 2 Comments

Fintech must Bee for a clear purpose


I’m looking forward to a breakfast meeting at the CSFI to hear a conversation between Romi Savova and several sceptics who don’t get the Pension Bee proposition. As I’ve mentioned on this blog several times, I admire Pension Bee and … Continue reading

Posted in annuity, pensions | Tagged , , , , , | Leave a comment

Are DB pensions benefiting from CETV de-risking?


  It’s a fair question for a blogger to ask. I don’t have the answer and suspect that you’d get a different reply depending on who you asked. Here are the facts According to Hymans Robertson , The total value … Continue reading

Posted in annuity, Big Government, BSPS, pensions | Tagged , , , , , , , | 1 Comment

“Too prudent for its own good” – how under-risking DB schemes causes new problems.


Someone , somewhere on the multiple threads surrounding USS, has asked me if I think that transfers out of USS are likely to be the next miss-selling scandal.  I think it unlikely, and to explain why, I need to explain … Continue reading

Posted in actuaries, advice gap, annuity, pensions | Tagged , , , , | 1 Comment

Something “DC” that John Ralfe and I agree on!


I sometimes think John and I will never agree, I am forever looking at the world half full and he “half empty”, where I see opportunity, he sees danger, where he sees certainty, I see parsimony. But when John posted … Continue reading

Posted in annuity, pensions | Tagged , , , , , , | 3 Comments

Transfer carnage at BSPS – the truth revealed


The full impact of transfers on the British Steel Pension Scheme has been revealed in this perfunctory tweet The British Steel Pension Scheme has paid just over £1.5bn from around 4000 DB transfers to date. Around 3700 transfers still to be processed. … Continue reading

Posted in annuity, BSPS, pensions | Tagged , , , , , , | 14 Comments

Time for a DC upgrade?


I was wading through yet another long and technical explanation of CDC  when I got my Eureka moment! I don’t want a CDC plan, I want a DC upgrade! I’m not dissing legal eagle Sandeep Maudgil (who’s soon to appear … Continue reading

Posted in annuity, CDC, pensions | Tagged , , , , , , | 3 Comments