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

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

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

Posted in advice gap, CDC, consolidation | Tagged , , | 9 Comments

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 , , , , , , , , , , , | 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 , , , , , | 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 , , , , | 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 , , , , , , | 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 | Leave a comment

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 , , , , | 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 , , , , , | 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

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