Category Archives: CDC

A race to the top?

Posted on December 12, 2013 by henry tapper

We will not get this problem sorted out in a meeting room in the DWP, though the DWP can clear the decks and allow us to operate with a clean sheet of paper. Continue reading →

Posted in actuaries, annuity, CDC, Change, dc pensions, de-risking, defined aspiration, happiness | Tagged , , , , , , , , , , , | 1 Comment

DA should be at top of the agenda – and it isn’t.

Posted on December 8, 2013 by henry tapper

I have been reading the Government’s Defined Ambition paper again. Many might ask “what’s the point?”. The point is this; DC is broken and needs fixing, DB is broken and needs fixing, DA is the answer, but so far the consultation … Continue reading →

Posted in actuaries, annuity, auto-enrolment, CDC, David Pitt-Watson, dc pensions, de-risking | Tagged , , , , , , , , , | 3 Comments

Time for action on pension fund costs.

Posted on August 13, 2013 by henry tapper

It is in everyone’s interest to clean up pensions. Whether you are a fiduciary or a practitioner, whether you regulate or run a trade body, if you want a healthy respected industry in 20 years, you need to change your attitude/practice/tolerance now.
Continue reading →

Posted in actuaries, brand, CDC, Consolation, pensions, target date funds | Tagged , , , | Leave a comment

Heavyweight support for CDC – the Dutchmen strike back!

Posted on May 6, 2013 by henry tapper

I sit and watch; – like 1.2m other employers, I just want to see the money I pay into a workplace pension generate the best outcomes it can. Continue reading →

Posted in actuaries, advice gap, auto-enrolment, CDC, David Pitt-Watson, NEST, pensions, Retirement, workplace pensions | Tagged , , , , , , , | 7 Comments

Debunking the RSA myth that Dutch CDC provide better outcomes

Posted on May 5, 2013 by henry tapper

I’ve received this open letter from John Lawson (he of Aviva) which I print in full. Dear Henry, I have mentioned before the folly of relying on the RSA for any rigorous analysis. The RSA is a political construct, not a … Continue reading →

Posted in actuaries, advice gap, CDC, dc pensions, governance, pensions | Tagged , , , , , , , | 4 Comments

All that glitters does not lure – thoughts on DC default funds.

Posted on April 21, 2013 by henry tapper

“I asked him, ‘My God, they’re purple and green. Do fish really take these lures?’And he said, ‘Mister, I don’t sell to fish.’ Continue reading →

Posted in auto-enrolment, CDC, dc pensions, fish, governance, investment, pensions | Tagged , , , , , , , | 3 Comments

Working for the clampdown?

Posted on April 15, 2013 by henry tapper

“what are we going to do now?” Joe Strummer asked in 1979. Are we still working for the Clampdown? Continue reading →

Posted in actuaries, auto-enrolment, CDC, club pension, de-risking, defined aspiration, Financial Education, First Actuarial, pensions, Retirement | Tagged , , , , , , , , | 5 Comments

What Steve Webb must do now.

Posted on October 17, 2012 by henry tapper

Well Mr Webb, you said it; I refer to your excellent talk at the IOD (16/10/12) First you said that you would legislate for “pot follows member” in 2014/15 .Then when asked what happens if a member transfers to a bad qualifying scheme, you … Continue reading →

Posted in annuity, CDC, dc pensions, defined aspiration, Financial Education, Henry Tapper blog, Management, Payroll, pensions, Retirement, Treasury | Tagged , , , , , , , , | 20 Comments

“The older I get, the less I trust my pension!”

Posted on September 30, 2012 by henry tapper

An interesting observation from Gerry Barwell in 140 characters When I interview consumers on AE/ wider pensions – the barrier of mistrust is significant. Less so in the young but for 40+ Which gives us the opportunity to speculate on … Continue reading →

Posted in actuaries, annuity, auto-enrolment, CDC, Consolation, pensions, Personal Accounts, Popcorn Pensions, Retail Distribution Review, Retirement | Tagged , , , , , , , | 9 Comments