Category Archives: CDC
Con Keating address objections and misconceptions around CDC
Collective Defined Contribution schemes are back in the news, with a Parliamentary inquiry under way. This has provoked an outpouring of commentary. Unfortunately, much of this appears to be misinformed. It is well-known that I am an avid and vocal … Continue reading
You have to be there to fully understand it.
Though it’s a truism – it’s true. You cannot understand the break down in the orderly provision of pensions that is occurring in Port Talbot, until you go there. I did not go to Port Talbot yesterday, there was a … Continue reading
A time of trust – not guarantees.
About the time that I was ranting to TISA about the complacency with which we are dismantling the retirement promises made to those who were promised a DB pension based on the years they worked with the company;- this happened! … Continue reading
Posted in CDC, DWP, FSA, Music, pensions
Tagged alex Cunningham, annuity, BHS, BSPS, DWP, FCA, Frank Field, Labour, pensions, Royal Mail, TPR, USS
3 Comments
Con Keating -“CDC is no hardy perennial”
A critic of CDC began a recent blog with: “Collective Defined Contribution is a hardy perennial”, which, to my mind, is only appropriate for a scheme of arrangement capable of delivering pension benefits more efficiently and equitably than any … Continue reading
Flunking financial literacy – it’s a global thing!
Amin Rajan is a clever man and he has written a very good article in the FT that starts The UK Financial Conduct Authority’s recent exposure of the abuses around the 2015 pension freedoms that enable people to cash in their gold-plated … Continue reading
Posted in CDC, pensions
Tagged annuity, CDC, Financial literacy, pensions, Scheme Pensions, state pension
1 Comment
“Is CDC the viable alternative to DB?” Con Keating is on the case
Con is on the Labour party’s pension policy group. I’m a Tory party member. We agree on this, we need innovation. In this article , Con explains how the principles behind CDC could enable some employers to carry on … Continue reading
FCA- Outcomes for DC savers will improve when we resume sharing risk!
The FCA has asked for response to it’s Retirement Outcome review, NEST have shared their response with the FT which reports NEST saying that, without “the right support structures in place”, it was “extremely concerned” its 5m members may run out … Continue reading
Posted in CDC, pensions
Tagged CDC, DB plans, pension, pensioner, Retirement outcomes, risk sharing
4 Comments
This market failure’s not about advice but product.
The FCA paper on structural problems with the pension freedoms that I wrote about yesterday, is the first evidence of Government admitting all in this garden is not rosy. What has happened since 2015 is an increase in people hammering … Continue reading
Posted in advice gap, CDC, pensions
Tagged advice, annuity, CDC, Drawdown, financial advice, Target Pensions, wealth management, wealth manager
5 Comments
How do we manage the baby-boomers “huge” pensions?
The idea that £1m is a cap on huge pensions , beyond which we pay penal tax rates, is ludicrous. In answer to a question on this blog, I did some simple sums. Here first is the answer Nicholas, a … Continue reading
Posted in CDC, pensions
Tagged advice, CDC, CETV, cost of advice, DB, Drawdown, pensions, phased drawdown, Third way
6 Comments
“The Gold Star DC Pension Plan” – awaiting conception!
That good chap Jonathan Stapleton who runs mags for Incisive has asked me for my view on what makes for a gold star DC pension scheme. I’ve submitted 150 words which I hope will find their way into a … Continue reading
Posted in CDC, dc pensions, defined ambition, pensions
Tagged Dave Brailsford, dc, Defined Contribution, Fiona Dunsire, Gold star, pensions, PQM
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