I've just come across this letter from Smithers, covering DB pensions in general and the USS in particular. https://smithers.co.uk/extending-the-liabilities-time-horizon-is-key-to-pensions-reform/
Great. A chance to nit-pick something from Steve Webb. The Married Woman’s Option finished in 1977, not 1978. SERPS was…
I was told by the Pensions Service, that if I divorced my husband before I retired, I would get a…
Success in applying the rules set out in law is not reliant on loopholes (I prefer educated projections of future…
Category Archives: corporate governance
Worries grow about workplace pension choice
The Berkshire Farmer spoke on the BBC’s world tonight last week. He is not alone in finding himself helpless in trying to choose a workplace pension. I find myself conflicted in arguing the case for informed choice as I run … Continue reading
Posted in corporate governance, pensions
Tagged auto enrolment, choice, employer liability, pensions, workplace Pensions
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The inter web of trust
My father did his national service in the navy. I remember him telling me why those in the navy saluted with a closed palm and those in the army with an open palm. According to my Dad, those in the … Continue reading
Posted in corporate governance, customer service
Tagged army, compliance, due diligence, navy, search, Transparency, trust, web
3 Comments
Facing up to mental health
This article’s by our friends at Lockton. It’s on an important subject that impacts us all! I’m really pleased they’ve asked me to put it on this blog. It doesn’t surprise me that Nigel Wilson is pioneering work on this. Like … Continue reading
Posted in corporate governance, customer service, de-risking
Tagged GSK, Legal&General, Lockton, mental health, Nigel Wilson, OECD, Royal Mail
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Magic beans and “negative capability”
Negative capability describes the capacity of human beings to transcend and revise their contexts. If we dismiss it as “magic beans” we are committed to repeating the mistakes of the past – and- as we all know – that way is madness. Continue reading
Posted in Change, corporate governance, drawdown, Financial Education, happiness, Pension Freedoms
Tagged Business, CDC, corporate governance, David Pitt-Watson, dc pensions, Financial services, Government, Hari Mann, John Ralfe, Kevin Wesbroom, madness, magic beans, mistakes, Negative capability, pension, Pension new, pension playpen, pensions, progress, repeating mistakes, Retirement, Steve Webb
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Wish us luck as we Pitch to be Britain’s top micro-employer!
Today’s the day we pitch to be Britain’s top micro-enployer at the Paintworks in Bristol. We are one of 30 employers left in the competition, one of 20 actively trading- we have a 5% chance of winning! But that … Continue reading
Posted in advice gap, auto-enrolment, corporate governance, dc pensions, NEST, pension playpen, pensions, Retirement
Tagged #Pitch14, accountants, auto enrolment, Business, dc pensions, Employment, Financial services, Government, National Employment Savings Trust, pension, pension playpen, pensions, Pitch 14, Retirement, Sift, Steve Webb, the Pitch
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Young People and Pensions
This is a blog by Vivi Friedgut of @blackbullion; she is also responsible for the picture and its contents! Pensions don’t make for the most thrilling conversations. Like verrucas, funerals or the dream you had last night, talking about … Continue reading
Posted in advice gap, annuity, corporate governance, dc pensions, NEST, pension playpen, pensions
Tagged Blackbullion, Business, dc pensions, England, Human Resources, Pension Poverty, pensions, recession, Saving, unemployment, Vivi, Young People
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What did you do in the war Daddy?
One of the most successful recruitment campaigns ever- focussed on this simple question. It asked young men to imagine themselves once the fighting stopped having to explain to those in their care the contribution they’d made to the war effort. … Continue reading
Posted in accountants, advice gap, annuity, corporate governance, pensions, Pensions Regulator
Tagged annuity, Business, Business and Economy, corporate governance, corporate risk, dc pensions, Defined benefit pension plan, Employment, National Employment Savings Trust, pension, Pension new, pension playpen, pensions, Retirement, Steve Webb
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How retirement products evolve (and revolve).
There are three drivers that shape the evolution of financial products – supply, demand and Government intervention. Between the mid 80s and today Britain has seen a Financial Services Revolution that has been no less dramatic than the agrarian … Continue reading
Posted in auto-enrolment, Bankers, corporate governance, Financial Education, pensions
Tagged annuity, Business, Defined benefit pension plan, DWP, Employment, Government, Investment, National Employment Savings Trust, pension, Pension new, pension playpen, Retirement, Steve Webb, Treasury
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“Accelerators” How a student wants to embed “pensions” in Britain’s start-ups
I’ve written before about Josh Collins, a student who’s managed to get a first in mechanical engineering without sitting his A levels (it’s hard to do exams when you are homeless from 16-18.) Josh sent me his thoughts on how … Continue reading
Towards common data standards for auto-enrolment
The Chartered Institute for Payroll and Pension Professionals and their “Friends of AE” stitched me up with writing up the output of a working group comprising a lot of old’uns and a couple of delightful “young’uns”. Here, for the general enlightenment of others and the … Continue reading
Posted in advice gap, corporate governance, dc pensions, Payroll, pension playpen, pensions
Tagged Business, CIPP, corporate governance, Data, DWP, Financial services, NEST, Payroll, pension, pension playpen, Pension Regulator, pensions, QWPS, standards
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Extending time horizons can ease short-term funding pressure, but it shifts risk toward younger members. Reform should make those intergenerational…