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Category Archives: David Pitt-Watson
Fund managers -Norma Cohen is still watching!
The great British financial journalist Norma Cohen rarely publishes in the FT these days, when she does, it is to great effect. This week she published a quiet and thoughtful piece on the impact MIFID II is having on … Continue reading
Posted in Blogging, David Pitt-Watson, economics, journalism, pensions
Tagged chris sier, financial advice, ft, fund charges, fund management, jo cumbo, Norma Cohen, pensions, Terry Smith
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Pensions Resurgent! The merit of the CWU’s proposals to the Royal Mail
For the third day I am returning to the CWU’s proposals to the Royal Mail which I now consider the most important break through in pension scheme design we have seen in Britain this century. I base this on three … Continue reading
Posted in actuaries, advice gap, David Pitt-Watson, dc pensions, defined ambition, defined aspiration, pensions
Tagged CDC, CWU, David Pitt-Watson, Defined benefi, Eddy Truell, equities, Infrastructure, Linked in, pension, pensions, PIC, Royal Mail
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Good retirement outcomes depend on collective solutions
The FCA have called for evidence on the likely success of our current “at retirement” strategy, this response is consistent with what this blog has been saying for some years, collective problems need collective solutions, the market is not enough, … Continue reading
Posted in CDC, David Pitt-Watson, dc pensions, defined ambition, defined aspiration, FCA, pensions
Tagged CDC, collective, Drawdown, FCA, Pension Freedoms, Pension Wise, pensions, Retirement, robo-advice, TPAS, unadvised drawdown
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Cass calls on fund managers to be paid on results.
Dr Nick Motson of Cass Business School has issued another broadside at the funds industry who have been dilatory at best in responding to consumer pressure to better align its fees to the value it brings to consumers. … Continue reading
Posted in accountants, advice gap, David Pitt-Watson, dc pensions, pension playpen, pensions
Tagged advice, Business, charges, costs, dc pensions, de-risking, Employment, Fees, fund management, Funds, IMA, Insurance, Justin, Pension new, pensions, Retirement, Transaction costs
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It’s not just pension taxation that’s changing- products are!
Pension PlayPen’s Submission to the Parliamentary Committee reading the Pension Schemes Bill Continue reading
In defence of genius.
Genius is not just misunderstood – it is persecuted. Those who didn’t get Copernicus, Galileo, Wordsworth or Darwin did not ignore these genius’, they set out to do them in. Bob Dylan when he laid out his Highway 61 album … Continue reading
Posted in actuaries, advice gap, CDC, David Pitt-Watson, dc pensions, pension playpen, pensions, Pensions Regulator
Tagged Actuary, Business, Business and Economy, CDC, corporate governance, dc pensions, Derek Benstead, DWP, Financial services, GAD, Genius, National Employment Savings Trust, pension, Pensions Minister, Retirement, Steve Webb, Steve Webb MP, twitter
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“We are as concerned as we can afford to be”
The DWP has now presented the draft bill that will enable Defined Ambition pensions to be set up, probably from this time in 2016. While lawyers pour over the clauses, it’s worth considering the responses the Government received to the ideas … Continue reading
Posted in David Pitt-Watson, dc pensions, defined ambition, defined aspiration, drawdown, pensions, Pensions Regulator, Public sector pensions
Tagged Business, CDC, Consultants, Defined Ambition, Defined benefit pension plan, DWP, Employment, Financial services, Government, Legislation, National Employment Savings Trust, pension, pensions, Pensions Bill, Retirement, Steve Webb
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The Queens Speech; the sausage sandwich game – for pensions!
The Pensions Reforms in the Queens Speech had been broadly flagged in the Sunday Telegraph and subsequently. Nonetheless, the inclusion of Defined Ambition Pensions (aka CDC) (aka Target Pensions) is still a major surprise and will further stretch the UK … Continue reading
Ten mistakes CDC cannot repeat.
CDC (Target Pensions Plans) look likely to happen If, as now seems likely, we get the easements in a Pensions Bill to run collective DC schemes then the pressure will turn on those (like me) who have lobbied for change– … Continue reading
Posted in advice gap, auto-enrolment, David Pitt-Watson, dc pensions, pension playpen, pensions
Tagged Actuarial science, corporate governance, corporate risk, dc pensions, Financial services, Government, National Employment Savings Trust, pension, Pension Regulator, pensions, Politics, Steve Webb
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Friends of CDC calls for action! – our letter in the Times
This letter appears in this morning’s edition of the Times Dear Sir, We all deserve access to pension products that provide us with better and more certain outcomes. Other European countries encourage private pension systems which are far more efficient … Continue reading