Category Archives: CDC
A finger of fudge is not enough!
The fudge that is “guidance” is top of the list of Ros Altmann’s priorities. She’s even written a letter to the Pensions Minister. Lord McKenzie (Labour) and Lord Sharkey (LibDem) and I have written joint letter to Pensions … Continue reading
Posted in CDC, pensions
Tagged CDC, CWU, finger of fudge, Fudge, pensions, Royal Mail
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No shortage of “pension engagement” at Royal Mail.
Pension people want positive engagement, but when they get it, they ignore it or deride it. On Friday, the CWU announced that an agreement had been reached between CWU and Royal Mail which will now be put to the membership. … Continue reading
Posted in CDC, pensions
Tagged CWU, ft, jo cumbo, pensions, Royal Mail, Terry Pullinger, USS
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The democratisation of risk?
I can’t say I’d heard this phrase before Bruce Porteous of Aberdeen introduced it into conversation at yesterday’s Westminster Business Forum. The only reference I can find to it on the web is a sneering jibe at “Cowboys in Superland” … Continue reading
Posted in CDC, pensions, Trades Union Congress, trustee
Tagged Annuitisation, CDC, democracy, Drawdown, Risk, Terry Pullinger
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Cardano’s CDC submission and what Con Keating thinks of it
This is a critique of Cardano’s submission to the Work and Pensions Committee by Con Keating. Con’s comments are in red and are interspersed with Cardano’s which remain in black. Because of the numbers of formats of the various documents received, much … Continue reading
Self-sufficiency for pensions.
Whether you are in charge of the PPF , one of the 13 Carillion defined benefit schemes, or any one of the thousand or so “distressed” pension schemes that might no have a sponsor able to bale it out;-the term … Continue reading
Posted in CDC, pensions
Tagged CDC, Company Pension, DB, pensions, Pot, Wage for life, workplace
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First Actuarial on CDC (submission to W&P Select).
First Actuarial is a partnership of consulting actuaries and administrators that offers the full range of pension services to both trustees and employers. Our clients’ pension schemes range in size from £0.5 million to nearly £2 billion in assets. However, … Continue reading
Posted in CDC, pensions
Tagged CDC, DB, DB pensions, dc, Feedback, first actuarial, pensions, Technology
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Kevin Wesbroom rebuts Hargreaves Lansdown’s rubbishing of CDC
Hot on the heels of Kevin’s rebuttal of CIDC, here are his comments on Hargreaves Lansdown’s submission to the Work and Pensions select Committee. Kevin is writing in his capacity as a consultant for Aon. His comments are in … Continue reading
Tough choices for our Pension Minister
Despite the reshuffle, our Pension Minister, Guy Opperman is staying our Pension Minister. As pension celebs go, Opperman has been – so far – decidedly B-list; there is only so much time a Pensions Minister gets to acquaint himself with … Continue reading
CDC – the nuclear fission of the pension system.
The way we safeguard our pensions today This blog looks at the different way people are protected from mischief depending on what type of retirement savings plan they are in. I’m thinking about this because I have various meetings … Continue reading
Posted in actuaries, advice gap, CDC, defined ambition, pensions
Tagged CDC, DB, dc, Defined Ambition, Freedoms, nuclear fusion, pensions
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Has the hardest nastiest problem in finance just got a little easier?
I enjoyed reading this serious and sensible argument by Steven Lowe of “Just”. I suspect that most financial advisers reading it will conclude, as I do, that planning an income for the final years of someone’s life is so fraught that (if … Continue reading