Category Archives: CDC

Do we need to pay to get our money back?


Imagine going into a bank to withdraw money and being told to get advice before doing so. Imagine being told that the cost of that advice would run to many thousands of pounds. I very much doubt anyone would be … Continue reading

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CDC – sharing risk in a bear market


This post is by the author of “launching CDC into a bear market” and again shows how CDC delivers a robust return in a bad times (a bear market). It does so by sharing risk and informs modelling by Aon … Continue reading

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Launching CDC into a bear market.


The paper below is one of two that models what happens when CDC hits bad markets. I guess this one could be likened to launching a lifeboat into a stormy sea. CDC makes headway – but it’s tough. Imagine you’d … Continue reading

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Coping with falling markets


It is a blessing that the first five years of auto-enrolment have seen world stock and bond markets rise. Low interest rates have had a lot to do with it, but we’ve also been in a period of comparative peace, … Continue reading

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“Would you pay a social care premium?”


This was the question Radio Five Live’s Wake up to Money asked its audience this Monday morning. 2.5% off wages for the prospect of insurance against things going really wrong with your health in later life? The idea is being trailed … Continue reading

Posted in CDC, Change, Charity, pensions | Tagged , , , | 8 Comments

This week – we hope to be able to talk about the “benefit of pensions” again!


This is a blog about the economic utility of pension management. It’s written because the first thing that hit me this morning was this almost confessional comment from George Norval, Group Pensions Manager at Berensden. Is the DB Pensions Manager … Continue reading

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CDC – cons diminish confidence!


I am fairly confident that before the end of October, before even next week’s budget, the DWP will consult on CDC. We are told by the Pensions Minister , that the test case is Royal Mail but that legislation will … Continue reading

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Don’t pander to pension populism! Zurich big-wig hits out at “freedoms”


“I have no time for populism” , was the astonishing rebuttal of top Zurich Insurance shrink Stefan Kroepfl. Kroepfl, who is global head of life business analysis – is no lightweight, nor was the discussion that ensued at this Dutch … Continue reading

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Keating on Ralfe, CDC and morality


Last week’s Corporate Advisor’s Pensions Summit featured a debate on the merits of CDC pensions. Johan Ralfe presented the “case” against the introduction of CDC. In the main, with all the showmanship of Barnum and Bailey, this resurrected old and … Continue reading

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Why would management fees be any cheaper for #cdc than DC?


It’s a question posed by John Ralfe- to me – on twitter. It’s a serious question and one that Jeremy Cooper, doyen of the Australian Super system is clearly interested in too. The question cannot be simply answered with reference … Continue reading

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