Category Archives: auto-enrolment

Chile’s pension expectations dashed – what can we learn?

Posted on December 2, 2019 by

In the early 1980s Chile became the first OECD nation to switch from a Pay as you go pension system to a system dependent on private pensions. True the long-tail of state liabilities isn’t due to end till 2045 but … Continue reading →

Posted in advice gap, age wage, auto-enrolment, pensions | Tagged , , , , , , , | 2 Comments

Contractors can’t have their cake and eat our pensions too

Posted on October 9, 2019 by

  The Association of Independent Professionals and the Self-Employed have condemned Lloyds Banking Group’s decision to either scrap contractors or force them into umbrella companies. I think this unfair on Lloyds and unfair on the tax-payer. As anyone in reward … Continue reading →

Posted in advice gap, auto-enrolment, pensions, Value for Money | Tagged , , , , , , , , | 2 Comments

What if your pension pot is invested in private equity?

Posted on October 2, 2019 by

The truth is most of us have no way of answering this question. We have no idea what our pension pots are invested in and it might surprise you to know that many of the default managed by master trusts … Continue reading →

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Pension’s “unknown unknowns”

Posted on September 18, 2019 by

This one takes some beating for nerds interested in the nuts and bolts challenges of building a mass workplace #pensions system:https://t.co/vR638ugBgr — Gregg McClymont (@greggmcclymont) September 17, 2019 Gregg tweets a story run by the FT almost a year after … Continue reading →

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Auto-enrolment – what next?

Posted on September 6, 2019 by

We have got so used to auto-enrolment contribution rates going up as phasing unwinds that it’s actually quite disappointing to think we have no further challenges on the horizon. The Government, in its 2017 auto-enrolment review, promised to introduce a … Continue reading →

Posted in auto-enrolment, pensions | Tagged , , | 1 Comment

When naming and shaming had to stop

Posted on August 23, 2019 by

It now is clear there are not one but two firms that have been hit with a  £350,000 fine through escalating penalties from the Pensions Regulator and both relate to the non-payment of monies into staff pension accounts. These are … Continue reading →

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What WPS is ACTUALLY saying about pension transparency

Posted on August 5, 2019 by

The headlines are about “rip-off” pension charges, but the WPS Select Committee’s report is a wide-ranging  investigation into the transparency of the pensions industry and not a sensationalist attack on charges. It sets out its stall in the pre-amble. There should … Continue reading →

Posted in advice gap, age wage, auto-enrolment, pensions | Tagged , , , , , , | 1 Comment

The tawdry state of DC cost disclosure

Posted on July 27, 2019 by

  NOW pensions, perhaps tired of being labelled the pariah of master trusts has come out fighting with the following table which shows in certain circumstances, their charging structure provides good outcomes, investment returns being even. Because of the peculiar … Continue reading →

Posted in advice gap, age wage, auto-enrolment, pensions | 3 Comments

What should you say to your staff about pensions next week?

Posted on April 20, 2019 by

Next  week most staff will see for the first time the impact of their increased pension contributions on their pay. They may ask you, if you are the boss or run payroll or pensions or work in HR, what this … Continue reading →

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“I couldn’t afford a pension”.

Posted on February 18, 2019 by

  In my book of objections, supplied to me the first brokerage I sold for, the “I can’t afford it” objection sat at the top of the list. We were told to ask the customer “can you afford not to … Continue reading →

Posted in advice gap, auto-enrolment, pensions | Tagged , , , , , | 3 Comments