Category Archives: CDC

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 , , , , | 1 Comment

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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Time for some fresh thinking on CDC

  The Pension Schemes Bill is making its way through the House of Lords but now seems unlikely to get Royal Assent before July. If it misses its target and we don’t get an Act till the Autumn, a Royal … Continue reading

Posted in advice gap, age wage, CDC, pensions | Tagged , , , , , , , | 4 Comments

Don’t take your pension for granted

  Of all the complacencies I suffer from, the one I find easiest to fall back on is that when lock-down ends, the world will return to where it was in February. This pandemic is not a distraction It is … Continue reading

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The PPF could grow up a (C)DC lifeboat

One of the enduring features of the last ten years is Andy Young texting me “this is all getting too much, I think I’m going to retire”. Among the many things that Andy has created – he is a great … Continue reading

Posted in CDC, pensions, Public sector pensions, responsible investing | Tagged , , , , | 13 Comments

“Five years of freedom” – is evolution enough?

The Defined Contribution Investment Forum have commissioned an excellent body of research from Richard Parkin and Ignition House. The result is a packed report running to over 60 pages that provides a new insight on the problems individuals are facing … Continue reading

Posted in advice gap, age wage, CDC, pensions | Tagged , , , , , , , , | 3 Comments

The wealthy fool and everyman are one combined

  There ought to be an extra class of vulnerable customer in the FCA’s definitions – “the wealthy fool”. We all know that a fool and his (and it generally is a his) money’s easily parted but we have the … Continue reading

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

Why this pensions bill matters

  A Pensions Schemes Bill has been included in the Queen’s Speech , which lays out the legislative plans for the forthcoming parliamentary session. This bill includes legislation to enable the pensions dashboard and collective defined contribution (CDC) schemes to … Continue reading

Posted in #WASPI, advice gap, age wage, CDC, Dashboard, pensions | Tagged , , , , , , | Leave a comment