Category Archives: David Pitt-Watson

Fund managers -Norma Cohen is still watching!

Posted on September 1, 2017 by henry tapper

  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 , , , , , , , , | 3 Comments

Pensions Resurgent! The merit of the CWU’s proposals to the Royal Mail

Posted on March 16, 2017 by henry tapper

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

Good retirement outcomes depend on collective solutions

Posted on July 17, 2016 by henry tapper

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.

Posted on November 17, 2014 by henry tapper

    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!

Posted on October 20, 2014 by henry tapper

Pension PlayPen’s Submission to the Parliamentary Committee reading the Pension Schemes Bill Continue reading →

Posted in CDC, David Pitt-Watson, dc pensions, defined aspiration, pension playpen | Tagged , , , , , , , , , , , , , | Leave a comment

In defence of genius.

Posted on October 6, 2014 by henry tapper

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”

Posted on June 27, 2014 by henry tapper

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

The Queens Speech; the sausage sandwich game – for pensions!

Posted on June 4, 2014 by henry tapper

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.

Posted on June 2, 2014 by henry tapper

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

Friends of CDC calls for action! – our letter in the Times

Posted on May 29, 2014 by henry tapper

  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