Category Archives: dc pensions

Which comes first – the dashboard or the data?

I’m doing a call this morning with some pension strategy people , some from Fintech and some representing “old tech”. It’s a timely discussion as the Scottish National Party  limbers up to put a spoke in the wheels of an … Continue reading

Posted in advice gap, Dashboard, dc pensions, de-risking, Technology | Tagged , , , , , , , | 1 Comment

DB pensions are in a hole, let’s swap the DWP’s spade for a ladder

    Bowles my liege… It’s a great shame to read Guy Opperman excising Sharon Bowles amendment to the Pensions Act. The Bowles amendment  would give open pension schemes the capacity to be funded as ongoing concerns rather than being … Continue reading

Posted in dc pensions, de-risking, DWP | Tagged , , , , , , | 2 Comments

The conversion of the Pension Plowman

I had a bit of a ding-dong with Guy Opperman earlier in the year when I disagreed with him about getting illiquid investments into our workplace pension “Backing annuities – yes,  backing DB scheme pensions -yes, but shoe-horned into DC … Continue reading

Posted in actuaries, advice gap, dc pensions, DWP, pensions | Tagged , , , , | 2 Comments

Seven ways to improve Defined Benefit funding

In March 2020, The Pensions Regulator (TPR) opened a consultation on its proposed revisions to the DB funding code. In framing its response, First Actuarial proposes seven ways to change DB funding for the better. What do we want the … Continue reading

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DC Governance – “for the saver not the sponsor”.

The simplest way of looking at the shift from DB to DC in the UK over the past 25 years as a risk transfer from collective (underwritten by a sponsor) to individual (with no underwriting – even where there is … Continue reading

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How can pensions be giving savers VFM but not be dashboard ready?

  Outcomes for dough, portals for show! Over the weekend, I’ve been thinking about how I can judge the quality of service I receive from my pension provider. As a consumer there are a number of things I would like … Continue reading

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Should the tax-payer subsidise the cost of vertically integrated advice?

  The cost of pensions tax-relief is likely to be a burning issue in the months ahead. The tax-payer is supposed to incentivise good behavior. Pre-funding retirement income leads to self-sufficiency and independence on younger generations in later life. That’s … Continue reading

Posted in advice gap, age wage, dc pensions, pensions | Tagged , , , , | 1 Comment

Lords say “no” to the “dumping” of open DB pension schemes!

This blog pays  tribute to someone of whom I knew nothing but a couple of weeks ago but who has made an extraordinary contribution to UK pensions by means of what should be  known as the Bowles Amendment. The Bowles … Continue reading

Posted in Bankers, CDC, dc pensions, de-risking, DWP, pensions | Tagged , , , , | 3 Comments

DC challenges the Private Equity billionaires

Robin Powell (the evidenced based investor) makes a bold claim. Ludovic Phalippou is a hero.   Who is Phalippou? Ludovic Phalippou is an economist who has written a paper detailing the workings of the Private Equity industry and how it … Continue reading

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Pensions need a bonfire of regulation – (Con Keating and Iain Clacher)

This essay is motivated both by the Pensions Regulator’s consultation on its proposed code of practice for scheme funding and by papers published in recent years by the Institute and Faculty of Actuaries, such as “Actuarial valuations to monitor defined … Continue reading

Posted in dc pensions, de-risking, pensions | Tagged , , , | 13 Comments