Category Archives: CDC
For you, my friend, drawdown is over- the chimera of freedom
This article is about collective pensions, it’s not technical, anyone can read it and – I hope- enjoy it. I wrote it after discussing pensions with my landlady at my Munich hotel. My friend Abraham has it in a nutshell. … Continue reading
Why CDC risk management breaks all the DB rules – Con Keating
The advent of CDC will offer an opportunity to introduce forms and techniques for risk management which are intrinsically more efficient than those currently advocated by the Pension Regulator and which are consistent with the true duties and obligations of … Continue reading
Con Keating’s report of David Blake’s CDC workshop
This is a personal and idiosyncratic commentary on the Pensions Institute/Netspar workshop for the exchange of experiences and views of DC plans in the UK and Netherlands. While there was little which was entirely new to me, there was much … Continue reading
Investment aspects of CDC – Con Keating
One of the less discussed aspects of CDC is the management of the investment fund. This differs from traditional DC where the asset management objective is to maximise asset values at all times. It is intrinsically short-term. Incidentally this conflicts … Continue reading
What is CDC?
I’ve had a couple of calls recently for a simple explanation of what CDC is and why it could be useful in Britain today. CDC is an abbreviation for Collective Defined Contribution. A CDC scheme is created by contributions … Continue reading
Posted in CDC, Pension Freedoms, pensions
Tagged adviser, annuity, Business, CDC, Drawdown, pensions, Royal Mail
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Why consumers need better choices; (explaining CDC to a merchant banker)
We need to find new ways to explain CDC to a wider audience – even merchant bankers! Continue reading
Advisers should welcome a revival of the collective pension scheme
Financial advisers have never had it so good. The collapse of the DB market has led to the outflow of tens of billions of pounds into the wealth market, the emergence of fund platforms has allowed them to demonstrate a … Continue reading
Posted in Blogging, CDC, pensions
Tagged CDC, IFA, pensions, Royal Mail, wealth management, workplace Pensions
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Royal Mail CDC – proof of concept or the real deal?
I am always amazed at the churlishness of the pension industry towards innovation. Here’s John Lawson suggesting that the Royal Mail should be spending £400m a year to satisfy his curiosity. I’d quite like one or two schemes to try … Continue reading
Posted in CDC, pensions
Tagged Aviva, CDC, John Lawson, pension, pensions, Plan, Royal Mail
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A good day for pensions, a good day for the DC upgrade.
We will know we have a solution when we don’t need guns. Overnight I heard the President of the United States deliver his solution to the gun crisis in American schools. To prevent more mass shootings, Donald Trump suggested that American teachers … Continue reading
Posted in CDC, pensions
Tagged CDC, DC upgrade, Frank Field, pensions, risk sharing, Royal Mail, Work and Pensions Select
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“The Ship has sailed” – Con Keating on the Society of Pension Professionals CDC submission
On Saturday, on Radio 4’s Money Box programme, Hugh Nolan of the Society of Pension Professionals expressed the view that the “ship had sailed” for CDC pensions, and proceeded into the tired and repetitive narrative that it is too late … Continue reading
Posted in CDC, pensions
Tagged CDC, Con Keating, DB, dc, Hugh Nolan, pensions, ship has sailed
6 Comments