Category Archives: CDC

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

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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

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Con Keating on the future of CDC – (pt 3)


This is the third of three blogs from Con which will in future appear in Professional Pensions. The idea that individual DC will produce pension outcomes that are satisfactory for the majority of retirement savers is now thoroughly discredited, as is … Continue reading

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Heard the one about the Englishman, the Australian and the American?


If you are a fan of such jokes, read no further – the Social Market Foundation’s  (SMF) study “Golden Years? What freedom and choice will mean for UK pensioners“, contains all three characters (unsexed), but there the joking ends. This is … Continue reading

Posted in annuity, Australia, CDC, Paul Lewis, Pension Freedoms, pension playpen | Tagged , , , , , , , | 2 Comments

If not CDC – what?


CDC – flawed in conception Steve Webb told me that when he spoke with Andrew Young, the former Government Actuary for the DWP, Andrew advised him to “think big”. Steve did and he will be remembered not just for the … Continue reading

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Easy on the baloney – Baroness!


The DWP’s official line on CDC is that it would be a change too far for a pension industry struggling to deal with change. This from a Government about to radically simplify the taxation system.  ..we have decided that the … Continue reading

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