In the states, certain retirement savings programs have unique "catch-up" provisions - where those whose income varies from year to…
NEST’s Guided Retirement Fund in the UK gets part of the way there by separating money according to its intended…
"As usual with The Times, this is a briefing about England & Wales only." I'm so old that I can…
"... Setting a glide path in retirement is ‘completely useless’ and equities investments should be held in a portfolio for…
Category Archives: Change
No win no fee – one way to clean up asset management
I met yesterday with a Swiss firm whose business is to reduce the investment costs for large investors (typically with €500m +). The model is simple, no retainer – they receive 50% of the savings from their work. They are a … Continue reading
Posted in Bankers, Change, corporate governance, David Pitt-Watson, dc pensions, de-risking, Fred Goodwin, FSA, Management, napf, pension playpen, pensions, RBS, redington, Retirement, twitter
Tagged Asset management, Business, Financial Services Authority, Funds, Investing, Investment management, Securities lending, Switzerland
1 Comment
Britain’s Premier Equine Investment Conference
Thoughts turn to Cheltenham. The Pension Play Pen will decamp there after work this evening . Continue reading
Mismanaging on-line identity – when cyber PR goes wrong!
The role of the publicity agent has changed. Celebrities have so much exposure via social media that it’s a 24/7 task just reading what’s being said about your clients, let alone controlling the message. Quantity still trumps quality – the axiom that … Continue reading
Some of our insurers are missing
What have all these insurers got in common?
Answer, you can’t buy one of their personal pensions today.
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Posted in Change, club pension, governance, pensions
Tagged Abbey Life, Friends Life, Insurance, Irish Life & Permanent, Lloyd, MetLife, Prudential, Standard Life
6 Comments
The still small voice ..and Trenton Oldfield
The British nation took a dislike to Trenton Oldfield earlier in the year, we don’t take kindly to Australian nutters messing with our institutions, especially the public school kind who claim to speak for our disenfranchised . I blogged about him when he … Continue reading
NESToration – go boom in that Euro room!
If NEST had been a person Amnesty would have registered it a political prisoner. Continue reading
Posted in Australia, Change, NEST, pension playpen, pensions, Personal Accounts, Retirement
Tagged Brussels, Gregg McClymont, Joker, Standard Life
1 Comment
Abusing the voice of the people – a call for better pensions
Evangelists of social media cite the wisdom of the crowd. But wisdom and gullibility are two sides of the same coin and those who marvel at the capacity of groups to congregate around their chosen solutions, demonize their herd mentality when the crowd looks elsewhere. “Vox … Continue reading
Posted in annuity, auto-enrolment, Change, David Pitt-Watson, dc pensions, defined aspiration, Henry Tapper blog, leadership, NEST, pension playpen, pensions, Personal Accounts
Tagged Bernard Levin, David Pitt-Watson, Defined benefit pension plan, Dutch, pension, Steve Webb, Tesco, Totalitarianism
5 Comments
Can we get our business leaders to bother with pensions?
Our business leaders, a unique band of not more than a couple of thousand men (mostly), have not been leading the debate on workplace pensions. While Steve Webb and the DWP have proclaimed auto-enrolment as a transformational event, those charged … Continue reading
Unlearning the old things
We had a statement from an insurer this morning justifying its position using sections of the Income and Corporation Tax Act (ICTA)1988. This legislation is now 24 years old and has been superseded by many other Acts, notably the Pension Acts of 2004 and … Continue reading
Posted in Change, pensions
Tagged Acts of the Apostles, Education, Future, God, ICTA 1988, Income and Corporation Taxes Act 1988, Learning, Loft conversion, Mark Sadler, Master, Space, Technology, Universe
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Pensions in 2020 – the impact of social networks
We talk a lot about member engagement but in 2020 – if current trends continue – employees will have taken it out of our hands. Scheme members will be organising their own engagement and this may have surprising results. If … Continue reading
Posted in auto-enrolment, Bankers, Change, Henry Tapper blog, pension playpen, pensions, social media
1 Comment
You usually need 35 qualifying years of National Insurance contributions to get the full State Pension in the UK. If…