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Category Archives: corporate governance
Do we need guarantees on the pensions we get? Pension Play Pen lunch – Feb 6th
There was a peculiar diversity of participants in this month’s pension lunch which led to an extraordinary debate and the closest of votes. Our lunch group split into three groups 1. Those who followed a broadly paternalistic line (Stav, Bill,Mike … Continue reading
Posted in annuity, Bankers, cheltenham festival, corporate governance, pension playpen, Pension Rocks III, pensions, Retirement, social media, The Racket of the Lambs
Tagged cheltenham festival, first timers, Glanbia, greek hero, London, miss lindsey, pension, Peter, Peter Shellswell, peter weiner, Philoctetes, Playpen, true hero
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Selling NEST and auto-enrolment to the pension weary
The issue of fatigue is high on my agenda this morning – especially Regulatory Fatigue. Yesterday the DWP published a host of documents that can be accessed through this link http://www.dwp.gov.uk/consultations/2011/workplace-pension-reform-2011.shtml It dots the “i”s and crosses the “t’s” on a … Continue reading
Don’t blame Stephen Hester – we made his rules.
If anything is to be learned from current events, it needs to be learned about how the rules are established (not whether they are applied). Continue reading
Controlling wealth is not the same as generating wealth
IFAs Control £591bn of Britain’s wealth. That’s a whole lot of moley. Continue reading
10 infrastucture opportunities pension funds cannot ignore!
The Government has announced that it wants UK pension funds to invest in UK infrastructure. This week we saw a slice of Thames Water purchased by the Chinese. I live on the Thames and as dawn rises this morning I’m on “Junk Alert” on “the partially yellow river”. Continue reading
Posted in annuity, Bankers, Church of England, corporate governance, dc pensions, de-risking, religion, Retirement, social media, Treasury, Twickenham, twitter
Tagged Government, Hedge fund, Isle of Man, London, pension, Richard Branson, Royal Bank of Scotland, Royal Mail, Rugby Football Union, Tarmac, Thames Water, Towers Watson
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“Making Pension Charges Clearer” – good on the NAPF
The NAPF, as I’ve mentioned a few times on this blog, are a rather better trade body than you’d expect . Revitalised by Joanne Seagers and Dan Torjussen-Proctor they appear a more progressive member centric organisation than in years gone by. Ambitiously, they … Continue reading
To get better pensions we need to share risk
Yesterday, Steve Webb announced he was to review the level of protection that needed to be provided to private pensions in payment. His intention is to help the solvency of defined benefit schemes which might need to reserve less for future guarantees. He is … Continue reading
Posted in annuity, corporate governance, dc pensions, de-risking, EU Solvency II, Fiduciary Management, Management, NEST, pensions, Retirement
Tagged CDC, Defined benefit pension plan, Derek, Dutch, Employment, pension, Standard Life, Steve Webb, trustee
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Who made that choice for you?
Put the question “why are pensions guaranteed?” into google and you will not get an answer. I reckon it’s because no-one asks the question. Why is nobody asking the question? Is someone guaranteeing the value of your house? Is there … Continue reading
Posted in annuity, auto-enrolment, corporate governance, customer service, EU Solvency II
Tagged Contract, Dutch, pension, Pound sterling, Question, Steve Webb, United States, Wikipedia
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Can we have a word Mr Webb?
You mentioned that there should be a default position (on mallowstreet). I have argued that there is a default decumulation position, it is a level single life annuity provided by the insurer that managed your pension accumulation. This is a “pot-luck” position and many are buying appalling annuities as a result. This is at the root of what we, Robin Ellison, Con Keating, Alan Higham , the AMNT and Kevin Wesbroom, (to name but a handful of those calling for change), are trying to address. Continue reading
Posted in annuity, auto-enrolment, corporate governance, customer service, dc pensions, de-risking, Fiduciary Management, Liberal Democrats, NEST, Nick Clegg, pension playpen, pensions, Personal Accounts, Retirement
Tagged Civil service, Con Keating, Derek, Dutch, Dutch people, Government, Life annuity, pension, Pension Protection Fund, Steve Webb
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