Category Archives: David Pitt-Watson

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 , , , , , , , , , , | Leave a comment

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 , , , , , , , , , , , , , , , , | 1 Comment

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

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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 , , , , , , , , , , , , , , , , , | 1 Comment

“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

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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

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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

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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

Posted in auto-enrolment, CDC, David Pitt-Watson, pension playpen, pensions | Tagged , , , , , , , , , , , , | 3 Comments

Target Pension Plans


 This is a briefing to employers and politicians from the Friends of CDC. Target Pension Plans are a new type of pension plan for the UK. Also known as Collective DC plans, they work on a pooled basis, where members … Continue reading

Posted in actuaries, advice gap, auto-enrolment, David Pitt-Watson, dc pensions, defined aspiration, Personality | Tagged , , , , , , , , , , , , | 6 Comments

Make or break day for the pensions charge cap


“cap or no cap”, don’t expect what Steve Webb says today to be the end of the story! Continue reading

Posted in advice gap, auto-enrolment, customer service, David Pitt-Watson, dc pensions, Payroll, pension playpen, pensions | Tagged , , , , , , , , , , , , , , , | Leave a comment