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Category Archives: CDC
CDC works because DC and DB pensions don’t.
My blog yesterday, praising Willis Towers Watson for having the courage of its convictions has received considerable attention, with comment generally being unfavorable , ranging from the politely skeptical Interesting stuff, Henry. The fact that you are happy with … Continue reading
Is Salesman Simon a pension scammer? I think not!
Simon Eagle is not your common or garden pension salesman. He is a mild-mannered actuary with a mischievous smile and a stammer that he has bravely overcome. When he claims that CDC beats drawdown by 57%, we should listen up. … Continue reading
USS; are UCU and UUK missing the big picture?
This is nonsense. If universities can’t pay the required #USS DB contribution, then simply move to DC, which was of course the original plan. Universities backed down in the face of strikes https://t.co/rYtU1azGjM via @timeshighered — John Ralfe (@JohnRalfe1) November … Continue reading
Posted in advice gap, CDC, USS, Value for Money
Tagged AgeWage, Business and Economy, CDC, dc pensions, Defined benefit pension plan, DWP, Guy Opperman, Jo O'grady, John Ralfe, Mike Otsuka, Norma Cohen, pension
2 Comments
Now more than ever , Royal Mail’s CDC scheme looks a game changer
I was lucky to be among the participants in yesterday’s Westminster Business Forum and hear Jon Millidge and Terry Pullinger talk with pride of the CDC scheme they expect to launch for over 140,000 postal workers. At a time of … Continue reading
Posted in advice gap, CDC, DWP
Tagged CDC, CWU, Millidge, Pensions, Pullinger, Royal Mail
2 Comments
Would CDC have surfed the pandemic’s waves? Aon think so
Earlier this week Willis Towers Watson explained how an individual’s buying power from a CDC scheme could be 70% higher than from a conventional DC scheme. Hot on its heels, Aon analysis shows UK CDC schemes would have weathered 2020’s … Continue reading
Posted in actuaries, advice gap, CDC, pensions
Tagged Aon, CDC, Pension Schemes Bill, Pensions, target pension
2 Comments
CDC – a new type of pension provision coming to the UK
On Wednesday (October 8th), CDC will be debated in the house of commons and with a fair wind, legislation enabling employers and multi-employer master trusts to provide DB like benefits for defined contributions will be enacted by the end of … Continue reading
Posted in CDC, pensions, Royal Mail
Tagged CDC, first actuarial, Hilary Salt, Pension schemes Act, Royal Mail, Simon Eagle, WTW
5 Comments
CDC gets HMRC approval
BREAKING: Collective DC pension schemes will be given legal standing from April 2021, under measures outlined by the Treasury today. https://t.co/n6GAhAMWrA pic.twitter.com/G7NAchYgCr — Josephine Cumbo (@JosephineCumbo) July 21, 2020 CDC is CDC (but also CMP) In another step forward, … Continue reading
Posted in CDC, Payroll, pension playpen, pensions
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Lords say “no” to the “dumping” of open DB pension schemes!
This blog pays tribute to someone of whom I knew nothing but a couple of weeks ago but who has made an extraordinary contribution to UK pensions by means of what should be known as the Bowles Amendment. The Bowles … Continue reading
Posted in Bankers, CDC, dc pensions, de-risking, DWP, pensions
Tagged CDC, DB, Liberal Democrat, pensions, Sharon Bowles
3 Comments
Lets stop kidding ourselves about pensions
Three things prompt me to write this article The work of Dr Iain Clacher and Con Keating into the unequal burden regulation places on the sponsors of defined benefit pension schemes The agreement between unions, Government and employers in the … Continue reading
Posted in age wage, CDC, consolidation, pensions
Tagged CDC, Con Keating, Iain Clacher, Netherlands, Pension Schemes Bill, pensions
6 Comments
Pensions in the grand scheme of things
In the “grand scheme of things” – pensions will go on “In the grand scheme of things” is a very much over-worked phrase. It’s up there with “all will come out in the wash” as a means of dismissing today’s … Continue reading
Posted in CDC, pensions
Tagged annuity, CDC, dc, Defined Contribution, Flexi-access drawdown, Kevin Wesbroom, pensions
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