Category Archives: annuity
Don’t get fooled by the phoney pension giveaway
The phoney give-away The most accurate measure for the success of private pensions in the UK is the replacement ratio; a measure of what percentage of people’s pre-retirement income is replaced by savings specifically for retirement. Steve Webb and the … Continue reading
Posted in annuity, Politics, Public sector pensions
Tagged annuity, Business, Business and Economy, CDC, corporate governance, corporate risk, DB, dc pensions, defined benefit, DWP, Employment, Financial services, George Osborne, Government, inheritance, Osborne, pension, pensions, Politics, pooling, Retirement
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Annuities get another kick in the goolies
What’s the story? The Chancellor will announce in his speech at the Tory conference that he will put a stop to the 55% tax on pension pots not spent at death. The Treasury announcement on what detail we so far … Continue reading
Posted in advice gap, annuity
Tagged annuity, defined benefit, Defined Contribution, pensions, wealth management, workplace
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Ros Altmann on why the over 60’s are missing out on “free pension money”
Ros Atmann recently told me she wished she could blog like me, having read this blog, I wish I could write like her! Huge numbers of over 60s are opting out of pensions auto-enrolment, losing their employer contribution Budget pension … Continue reading
Posted in accountants, annuity, auto-enrolment, Flump, pension playpen, pensions, Pensions Regulator
Tagged pensions, retirees, Retirement, Ros Altmann
7 Comments
Telling it like it is – a Jamaican perspective on annuities
Following on from a recent article on annuities, I’ve got some interesting feedback, including a remarkable post on the Pension Play Pen linked-In group from Magdalena Cooper de Neuze who is an insurance broker in Jamaica I hope that those who … Continue reading
Posted in advice gap, annuity, pensions
Tagged annuity, broker, Insurance, Jamaica, pension
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A beginner’s guide to annuities
Annuities haven’t got a very good name at the moment. They are blamed for many problems which are not their fault. One problem with annuities is that most people don’t understand them! Another problem with annuities is that people have … Continue reading
Safe, stable, regular and for life
I had lunch with Mr Sipp yesterday. Mr Sipp is John Moret and he has done more to pioneer the new pension freedoms than anyone else. I think the dodgy curry and glass of house white I bought him scant … Continue reading
Posted in annuity
Tagged annuity, Drawdown, fleixible drawdown, Flumps, Guidance, Guidance Framework, Income, Old age
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Post budget capacity challenge for insurers
Scottish Widows boss Toby Strauss has told the Telegraph that his company is already facing a capacity crunch as it digests the impact of legislative changes over the past two years and faces the challenges of 2015. The … Continue reading
Posted in annuity, auto-enrolment, brand, pensions
Tagged ABI, annuity, Business, dc pensions, Defined benefit pension plan, DWP, Employment, Financial services, first actuarial, pension, Pension new, pension playpen, Retirement, Scottish Widows, Society, Strategy, the Telegraph, toby strauss
14 Comments
What did you do in the war Daddy?
One of the most successful recruitment campaigns ever- focussed on this simple question. It asked young men to imagine themselves once the fighting stopped having to explain to those in their care the contribution they’d made to the war effort. … Continue reading
Posted in accountants, advice gap, annuity, corporate governance, pensions, Pensions Regulator
Tagged annuity, Business, Business and Economy, corporate governance, corporate risk, dc pensions, Defined benefit pension plan, Employment, National Employment Savings Trust, pension, Pension new, pension playpen, pensions, Retirement, Steve Webb
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Is an annuity an investment product? Perhaps not!
I have been worrying about a presentation I have to deliver to an investment group on the value of annuities. I have long felt that annuities are a rubbish investment and UK annuities a particularly rubbish investment. My confidence … Continue reading