Category Archives: CDC

Eri-tation ; time to come clean on DC pensions.

Eritability Of all the time wasted talking about pension dashboards, the time wasted on “estimated retirement income” irks me most. It is not the sight of actuaries arguing over annuity and growth rates that irks me , it’s that the … Continue reading

Posted in actuaries, advice gap, CDC, Dashboard | Tagged , , , , , | 4 Comments

We need pensions not pots

10m UK pensioners risk running out of money — poll https://t.co/LTEpRsBNXS — Josephine Cumbo (@JosephineCumbo) August 26, 2021 We are busy saving into pots that provide no pensions and turning future pensions into pension pots. Let’s be clear, we are … Continue reading

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

Keating moves the dial towards collective DC pensions.

The work done by Iain Clacher and Con Keating on creating a consistent  framework for a fair , sufficient  and sustainable way of returning to funded pension provision is too important to sit on an academic bookshelf. We have DC … Continue reading

Posted in advice gap, age wage, CDC | Tagged , , , , | 1 Comment

The prospect of fair, sufficient and sustainable pensions; miracle or mirage?

In a very short time , Pension PlayPen’s coffee mornings have achieved a regular following of 100 or so pension professionals, keen to hear and share views on critical pension issues. Steve Goddard has assembled a group of Pension All … Continue reading

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CDC and Individual DC Outcomes – Iain Clacher and Con Keating

  As a prelude to considering notional contribution allocation within a CDC scheme, it is worth asking the question as to how a 64-year-old and 24-year-old might have fared had they been in individual DC rather than in collective DC … Continue reading

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Moral hazard and the “compo culture”- must good pay for bad?

Blow to the trust in our profession. We could have organized to help people and divi the work for an industry wide agreed fixed fee on this. People matter. #financialplanning #values #trust https://t.co/wJghgWZEOe — Clémence Chatelin (@CChatelin) January 25, 2021 … Continue reading

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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

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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

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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