Category Archives: CDC
“The predictable alternative to drawdown”
“Drawdown scares me”. It scares me because I am on my own, it scares me because I get a bumpy ride and most of all it scares me because I know that if I drawdown at a minute of … Continue reading
Posted in advice gap, CDC, FCA, Financial Conduct Authority, FSA, pensions
Tagged Business, CDC, Defined benefit pension plan, Drawdown, DWP, Employment, FCA, Financial services, flexible drawdown, FSCS, Government, Insurance, long term care, MAS, National Employment Savings Trust, pension, Retirement, Steve Webb, TPAS
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Is CDC dead? – not according to Kevin Wesbroom in this great new post!
Is CDC Dead after the Budget, in the light on newly offered flexibilities? Most certainly not! The Budget stops the “requirement” to purchase an annuity. It has not been a requirement for a long time, but it has been the … Continue reading
Why we expect insurers to bounce back stronger (from these reforms)
I’ve just read yesterday’s press release from PWC’s Jonathan Howe commenting on the pension reform announced in this year’s budget. “There is no doubt that the changes present very significant challenges to life insurers with a heavy reliance on annuity business, … Continue reading
Posted in advice gap, auto-enrolment, CDC, Financial Education, First Actuarial, Payroll, pension playpen, pensions
Tagged Actuarial science, Business, dc pensions, Defined benefit pension plan, DWP, Financial services, Government, National Employment Savings Trust, pension, pension playpen, pensions, Retirement
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Cash and Carry
My Mum and Dad used to buy the ice-cream and cakes for the Methodist Fete at the cash and carry in Poole. They used to go down each summer in the Methodist Minibus and they would take me and … Continue reading
Posted in auto-enrolment, CDC, pension playpen, pensions
Tagged Business, Business and Economy, CDC, Collective drwdown, corporate governance, corporate risk, dc pensions, Defined benefit pension plan, Drawdown, DWP, Financial services, flexible drawdown, long term care, National Employment Savings Trust, pension, Pension new, Retirement, Steve Webb
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All the right funds- not necessarily in the right order (a budget prescient blog)
I wrote this blog hours before the budget which abolished annuities. For some reason I decided this morning, to write about investment as if annuities didn’t exist. From 2015, for new pensioners- they will no longer be the default, … Continue reading
Posted in auto-enrolment, CDC, corporate governance, dc pensions, de-risking, defined aspiration, Payroll, pension playpen, pensions, Popcorn Pensions
Tagged annuity, Business, Business and Economy, Collective Pensions, consumptions, corporate governance, corporate risk, dc pensions, de-risking, decumulation, Defined benefit pension plan, DGF, Diverification, Employment, Financial services, free-lunch, National Employment Savings Trust, notes, order, pension, pensions, Retirement, Steve Webb
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Pensions -born free and everywhere in chains!
There’s a question going round that will bemuse 99% of us , but is of some importance to the 1% who are involved in the CDC debate. “Can we just leave it to actuaries to set the discount rate for … Continue reading
Why the ABI were so wrong about CDC
This blog was first published on mallowstreet by the inimitable Kevin Wesbroom, whose bouffe is only matched by Ros Altmann’s and whose intellect is matched only by his integrity. Think big – think Kevin! CDC – the case Against … Continue reading
Posted in actuaries, advice gap, CDC
Tagged Business, CDC, Collective Pensions, Employment, Financial services, Investment, pensions, Retirement, Society
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CDC is not with-profits in disguise!
I’ve blogged already this week about the ludicrous reaction of the ABI to Steve Webb’s ideas about Collective Defined Contribution! The latest ruse is to rename “CDC” – “with-profits”. What a brilliant way to discredit it! And who is leading … Continue reading
Posted in CDC, pensions
Tagged Business, CDC, dc pensions, Defined benefit pension plan, DWP, Employment, Financial services, National Employment Savings Trust
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CDC for the people
The debate on Collective Defined Benefit has so far been a matter for politicians , academics and actuaries. Most people haven’t a clue what CDC is or how it might benefit or harm their retirements. I’ve been trying to broaden … Continue reading
Posted in CDC
Tagged Actuarial science, annuity, Business, Business and Economy, corporate risk, dc pensions, de-risking, Defined benefit pension plan, DWP, England, Financial services, Investing, Investment, Investment management, Life annuity, pensions, Retirement, Steve Webb, United States
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The ABI’s 10 problems with CDC – with 10 answers!
The ABI have 10 problems with Steve Webb’s collective DC plan, articulated as follows by Huw Davies , their Director of Policy. As usual his is a constructive outcome focussed argument as you’d expect from an organisation devoted to making the lot of Britain’s … Continue reading
Posted in CDC, Change, pensions, Retirement
Tagged Business, dc pensions, DWP, Government, Insurance, pension, pensions, Steve Webb
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