Category Archives: CDC

Con Keating -“CDC is no hardy perennial”


  A critic of CDC began a recent blog with: “Collective Defined Contribution is a hardy perennial”, which, to my mind, is only appropriate for a scheme of arrangement capable of delivering pension benefits more efficiently and equitably than any … Continue reading

Posted in CDC, pensions | Tagged , , , , | 2 Comments

Flunking financial literacy – it’s a global thing!


Amin Rajan is a clever man and he has written a very good article in the FT that starts The UK Financial Conduct Authority’s recent exposure of the abuses around the 2015 pension freedoms that enable people to cash in their gold-plated … Continue reading

Posted in CDC, pensions | Tagged , , , , , | 1 Comment

“Is CDC the viable alternative to DB?” Con Keating is on the case


  Con is on the Labour party’s pension policy group. I’m a Tory party member. We agree on this, we need innovation. In this article , Con explains how the principles behind CDC could enable some employers to carry on … Continue reading

Posted in CDC, pensions | Tagged , , , , , | 2 Comments

FCA- Outcomes for DC savers will improve when we resume sharing risk!


The FCA has asked for response to it’s Retirement Outcome review, NEST have shared their response with the FT which reports  NEST saying that, without “the right support structures in place”, it was “extremely concerned” its 5m members may run out … Continue reading

Posted in CDC, pensions | Tagged , , , , , | 4 Comments

This market failure’s not about advice but product.


  The FCA paper on structural problems with the pension freedoms that I wrote about yesterday, is the first evidence of Government admitting all in this garden is not rosy. What has happened since 2015 is an increase in people hammering … Continue reading

Posted in advice gap, CDC, pensions | Tagged , , , , , , , | 5 Comments

How do we manage the baby-boomers “huge” pensions?


The idea that £1m is a cap on huge pensions , beyond which we pay penal tax rates, is ludicrous. In answer to a question on this blog, I did some simple sums. Here first is the answer Nicholas, a … Continue reading

Posted in CDC, pensions | Tagged , , , , , , , , | 6 Comments

“The Gold Star DC Pension Plan” – awaiting conception!


    That good chap Jonathan Stapleton     who runs mags for Incisive has asked me for my view on what makes for a gold star DC pension scheme. I’ve submitted 150 words which I hope will find their way into a … Continue reading

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Good retirement outcomes depend on collective solutions


The FCA have called for evidence on the likely success of our current “at retirement” strategy, this response is consistent with what this blog has been saying for some years, collective problems need collective solutions, the market is not enough, … Continue reading

Posted in CDC, David Pitt-Watson, dc pensions, defined ambition, defined aspiration, FCA, pensions | Tagged , , , , , , , , , , | Leave a comment

Learning to live from what’s in the (pension) pot


  Today’s the red letter day for the Pension Regulator (and to a lesser extent- the Pension Protection Fund) , when they find themselves under the scrutiny of the DWP Select Committee. In question is the competence and capability of both … Continue reading

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“10 years too early, 10 years too late” – CDC stands on on an empty platform


Nearly eight years ago, the Government Actuary ‘s Department produced  a paper that effectively killed CDC. It argued that CDC could not be relied upon to deliver benefits with the same certainty as our DB system and that there was no … Continue reading

Posted in advice gap, CDC, Pension Freedoms, pension playpen, pensions | Tagged , , , , , , , , , , , | Leave a comment