Category Archives: CDC
“My pension offer” – explaining CDC to a confused public!
John Ralfe has been expressing his frustration that none of the CDC champions have made him a two page offer to tell him what a CDC pension offer might look like. I’ve not done this yet, partly because I’ve been … Continue reading
Posted in advice gap, auto-enrolment, CDC, pensions, with-profits, workplace pensions
Tagged annuities, Business, Business and Economy, CDC, collective, DC Defined Contributions, Defined benefit pension plan, Drawdown, DWP, Employment, Financial services, flexible drawdown, Flumps, Government, Human Resources, Insurance, NEST, pension, Pension Regulator, pensions, Retirement
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Fungibility
One of the great words of the English language, fungibility means that something is replaceable. What’s fungible and what’s not? If I give you a tenner, that note is fungible with 10 £1 coins or two fivers. If I am … Continue reading
Will CDC be available to everyone with a DC pot – or just a lucky few?
A snag has emerged in the Drafting of the Pension Schemes Bill (that will introduce Defined Ambition and with it CDC). It’s one of those little things that seems easy to fix but which has potentially huge consequences, a bit like … Continue reading
Posted in advice gap, CDC, DWP, now
Tagged Business, CDC, corporate risk, dc pensions, DWP, Financial services, Government, Guidance, National Employment Savings Trust, Pension new, pension playpen, pensions, Retirement, Steve Webb
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CDC- your questions answered – by legal eagles
We’ve been waiting for a decent CDC article from the legal eagles ; thanks to Norton Rose , we now have one and they are happy to let us share it. So here it is – minus the … Continue reading
What are your CDC property rights?
Some pension promises are easy to value If I promise to pay you a monthly amount over the next five years, it is fairly easy to work out the value of that promise. At it’s simplest level the value is … Continue reading
This country needs a proper debate about old age
Do we understand how people want to get paid in retirement? Yesterday I wrote about the American 401K system and the risks taken by people who become too cautious as they become older. The value judgements implicit in the report … Continue reading
Posted in annuity, CDC, Financial Education, pensions
Tagged annuity, Business, de-risking, Employment, Financial services, Government, National Employment Savings Trust, pension, Pension new, pension playpen, Pension Poverty, Pension Protection Fund, pensions, Politics, Retirement, Steve Webb, United States
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Why Steve Webb took a punt on CDC
To answer the question we need to understand the Government’s primary agenda; – to “win votes”. A secondary agenda is to “create a legacy by which it will be judged favourably”. If you are charitable, you might include a third … Continue reading
Should accountants be bothered with CDC
The short answer is “no” but be aware as your clients will probably ask you for your view! Unlike the Treasury reforms that were announced in the budget, these latest reforms are technical and speculative and even pension geeks can’t … Continue reading
Posted in advice gap, CDC, pension playpen, pensions
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Friends of CDC calls for action! – our letter in the Times
This letter appears in this morning’s edition of the Times Dear Sir, We all deserve access to pension products that provide us with better and more certain outcomes. Other European countries encourage private pension systems which are far more efficient … Continue reading
How I want my hard-saved earnings – thoughts on a walk!
Not many people fantasize about the letter they will get from their workplace pension provider when they get to the point they can start spending their hard- saved earnings. As I made my way around Studland Bay, Old Harry … Continue reading
Posted in advice gap, annuity, Bankers, Blogging, CDC, dc pensions, defined aspiration, FCA, Financial Conduct Authority, NEST, pension playpen, pensions
Tagged advice, dc pensions, Defined benefit pension plan, DWP, Employment, Government, Guidance, pension, pension playpen, Pension Protection Fund, pensions, Retirement, Steve Webb
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