Category Archives: CDC

CDC and Individual DC Outcomes – Iain Clacher and Con Keating

Posted on August 11, 2021 by henry tapper

  As a prelude to considering notional contribution allocation within a CDC scheme, it is worth asking the question as to how a 64-year-old and 24-year-old might have fared had they been in individual DC rather than in collective DC … Continue reading →

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Moral hazard and the “compo culture”- must good pay for bad?

Posted on January 26, 2021 by henry tapper

Blow to the trust in our profession. We could have organized to help people and divi the work for an industry wide agreed fixed fee on this. People matter. #financialplanning #values #trust https://t.co/wJghgWZEOe — Clémence Chatelin (@CChatelin) January 25, 2021 … Continue reading →

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CDC works because DC and DB pensions don’t.

Posted on November 22, 2020 by henry tapper

  My blog yesterday, praising Willis Towers Watson for having the courage of its convictions has received considerable attention, with comment generally being unfavorable , ranging from the politely skeptical Interesting stuff, Henry. The fact that you are happy with … Continue reading →

Posted in advice gap, CDC | Tagged , , , | 5 Comments

Is Salesman Simon a pension scammer? I think not!

Posted on November 21, 2020 by henry tapper

Simon Eagle is not your common or garden pension salesman. He is a mild-mannered actuary with a mischievous smile and a stammer that he has bravely overcome. When he claims that CDC beats drawdown by 57%, we should listen up. … Continue reading →

Posted in advice gap, CDC, consolidation | Tagged , , | 9 Comments

USS; are UCU and UUK missing the big picture?

Posted on November 15, 2020 by henry tapper

This is nonsense. If universities can’t pay the required #USS DB contribution, then simply move to DC, which was of course the original plan. Universities backed down in the face of strikes https://t.co/rYtU1azGjM via @timeshighered — John Ralfe (@JohnRalfe1) November … Continue reading →

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Now more than ever , Royal Mail’s CDC scheme looks a game changer

Posted on November 3, 2020 by henry tapper

I was lucky to be among the participants in yesterday’s Westminster Business Forum and hear Jon Millidge and Terry Pullinger talk with pride of the CDC scheme they expect to launch for over 140,000 postal workers. At a time of … Continue reading →

Posted in advice gap, CDC, DWP | Tagged , , , , , | 2 Comments

Would CDC have surfed the pandemic’s waves? Aon think so

Posted on October 7, 2020 by henry tapper

Earlier this week Willis Towers Watson explained how  an individual’s buying power from a CDC scheme could be 70% higher than from a conventional DC scheme. Hot on its heels, Aon analysis shows UK CDC schemes would have weathered 2020’s … Continue reading →

Posted in actuaries, advice gap, CDC, pensions | Tagged , , , , | 2 Comments

CDC – a new type of pension provision coming to the UK

Posted on October 5, 2020 by henry tapper

On Wednesday (October 8th),  CDC will be debated in the house of commons and with a fair wind, legislation enabling employers and multi-employer master trusts to provide DB like benefits for defined contributions will be enacted  by the end of … Continue reading →

Posted in CDC, pensions, Royal Mail | Tagged , , , , , , | 5 Comments

CDC gets HMRC approval

Posted on July 22, 2020 by henry tapper

BREAKING: Collective DC pension schemes will be given legal standing from April 2021, under measures outlined by the Treasury today. https://t.co/n6GAhAMWrA pic.twitter.com/G7NAchYgCr — Josephine Cumbo (@JosephineCumbo) July 21, 2020   CDC is CDC (but also CMP) In another step forward, … Continue reading →

Posted in CDC, Payroll, pension playpen, pensions | Leave a comment

Lords say “no” to the “dumping” of open DB pension schemes!

Posted on July 12, 2020 by henry tapper

This blog pays  tribute to someone of whom I knew nothing but a couple of weeks ago but who has made an extraordinary contribution to UK pensions by means of what should be  known as the Bowles Amendment. The Bowles … Continue reading →

Posted in Bankers, CDC, dc pensions, de-risking, DWP, pensions | Tagged , , , , | 3 Comments