Category Archives: CDC
CDC and the Blockchain – 8.45am Weds 25th July. Get your “nuts and bolts” here!
Invitation To Launch & Discussion Of “Smart Ledgers & Collective Defined Contribution Pensions” Report On Wednesday, 25 July, 08:45 to 10:45. Long Finance’s Distributed Futures research programme has produced a report entitled “Smart Ledgers & Collective Defined Contribution Pensions”, the … Continue reading
Don’t let the bullies grind you down
Talks between the Friends of CDC and the Financial Scientologists broke down last night in merriment. Actually, you are just flat out wrong. But you have a good sense of humor about it. — Jeffrey Brown (@IlliniBizDean) July 21, 2018 There … Continue reading
Posted in CDC, pensions
Tagged CDC, collective, DB, Financial economics, fractional scamming, open, pension, pensions, Scheme
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Why should we have to “engage” with our pension?
I am on the same page as Charlotte Clark of the DWP, I don’t think we should be asking people to engage with our pension, state – occupational or private. Saving for our retirement needs our attention but when we’ve … Continue reading
Posted in actuaries, advice gap, CDC, pensions
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Smart Ledgers & Collective Defined Contribution Pensions
Long Finance’s Distributed Futures research programme has produced a report entitled “Smart Ledgers & Collective Defined Contribution Pensions”, the latest in a series of exciting projects in the programme. Long Finance has agreed to invite readers of this blog to the … Continue reading
Posted in blockchain, CDC, pensions
Tagged blockchain, CDC, Smart contract, Smart Ledger
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Here be dragons – Z59; Con Keating
Many of the opponents of CDC pensions have argued that, if introduced, they should be tightly regulated, as they are “untried and untested”. Some have even suggested that the Dutch system of regulation, with its stochastic models, risk buffers and … Continue reading
“Right in theory, wrong in practice” – the great funding debate.
t The antediluvian clash of Titans that has been waged on twitter since late last week shows no sign of abatement. As I watched the Winter’s Tale at the Globe, seven bells were being knocked out of Messrs Ralfe and Brown … Continue reading
Posted in advice gap, CDC, pensions
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Nuts and bolts of CDC
My twitter account is currently heavy with reproach from John Ralfe and his followers who are demanding I deliver documents, statements and reveal confidential information about collective pension schemes; (I am also under fire for quoting Hamlet). To some this would be harassment, … Continue reading
“Why Michael Johnson’s so wrong!” – Con Keating
Michael Johnson’s letter to Frank Field & Co on CDC (reproduced in full here) was a real disappointment. I had expected more; a new and closely reasoned critique, passionately believed, perhaps. What I got was a tired and repetitive rehearsal … Continue reading
Posted in annuity, blockchain, CDC, defined ambition, defined aspiration, pensions
Tagged annuity, CDC, Con Keating, Innovation, Michael Johnson, pensions
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CDC – with-profits in disguise?
Michael Johnson, who I’ve a lot of time for, has asked me two questions. Why is it not possible to provide the attributes of a CDC scheme through a With Profits fund, set in the context of an occupational scheme … Continue reading
Johnson misses the point; CDC is for the common man
I don’t know whether Michael Johnson is being obtuse or obstructive, but either way, his letter to the Financial Times, misses the point. A small cabal of consultants to the pensions industry has been banging the collective defined … Continue reading